Peter Schiff speaks in Vancouver at the International Metal Writers Conference on how to profit from the Trump train wreck. (Market Vectors Gold Miners ETF (GDX), SPDR Gold Trust ETF (GLD))
Jun 20, 2017
Jun 19, 2017
Housing Starts Declining, Trouble Ahead?
We had an unexpected big drop in housing starts. This is the third month in a row that the starts are down but not only where housing starts way down but building permits were also way down so that means that this trend is likely to continue. The last time we had three consecutive monthly declines it was in 2009. What was going on in 2009? Oh, the greatest recession since the Great Depression! (KB Home (NYSE:KBH), Lennar Corporation (LEN), SPDR S&P Homebuilders (ETF) (XHB), D.R. Horton (DHI))
Jun 16, 2017
A Hawkish Federal Reserve
We actually got a hawkish hike not only did the Federal Reserve raise rates but they did nothing to dampen expectations for future interest rate hikes. In fact Janet Yellen in her prepared remarks and in the press conference that followed was very upbeat, very optimistic on the economy not worried about anything and no longer talking about the need for some kind of confirmation that prior economic weakness was transitory. She thinks that it's clear skies as far as the eye can see.
Jun 14, 2017
Big Reversal In Bitcoin
It wasn't just the stock market that had big reversals I guess it was the crypto currencies as well particularly Bitcoin. You know, I mentioned the last couple of times that I was talking about Bitcoin and the kryptos, the shrinking market share that Bitcoin had in the crypto world and that continues right now. The market cap of Bitcoin is now down to about 40 percent of the total market cap of all the crypto currencies.
Jun 12, 2017
Gold Stocks: Performing Much Better
Gold stocks continued to trade much better than they have been, I mentioned that on my last podcast even though gold was down 11 dollars on the day, gold stocks were down but not that much, down just a little bit. (Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Goldcorp (GG))
Jun 8, 2017
Market Vectors Junior Gold Miners ETF (GDXJ) Has Some Catching Up To Do
The smaller gold miners if you look at the Market Vectors Junior Gold Miners ETF (GDXJ) which is an index of junior gold mining stocks, I I think this thing still has to move up 30 percent or so to get back to where it was when gold was lower than it is right now earlier this year.
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