What a lot of people don't
realize is that the stock market has
some of its biggest gains daily gains
they occur in bear markets not in bull
markets. You have some spectacular
rallies in bear markets that is how bear markets operate.
Mar 28, 2018
Stock Market: Volatility Is Bearish
We're having more incredible stock
market volatility and I've spoken about
the pick up in volatility as another
sign that things are different that
we've had a change because increased
volatility usually happens at inflection
points especially when we've had a
record period of no volatility or
minimal volatility all of a sudden were
having incredible swings in the stock
market.
Mar 26, 2018
Video: Will Gold Breakout as Stocks Breakdown?
Latest video market update from peter Schiff.
Topics: stock market, gold, gold mining stocks.
Mar 23, 2018
Stock Market: A Perfect Storm
The bond market was still lower
despite the Federal Reserve optimism that inflation
is going to remain in check but this
could set the tone for some more
weakness in the stock market. We
got other problems going on with the
Nasdaq and the FANG stocks and Facebook (FB) and all that seems like it could be a
perfect storm brewing in an overvalued
US stock market.
Mar 19, 2018
The Anti-Dollar Trade
I am
totally all-in on this
anti-dollar trade and and so this type
of sentiment by retail investors on top
of all of the other economic indicators
market indicators that I am seeing
simply cements for me how right I
ultimately am on this investment
strategy.
Related trading instruments:
- Market Vectors Gold Miners ETF (GDX)
- Market Vectors Junior Gold Miners ETF (GDXJ)
- SPDR Gold Trust ETF (GLD)
Thoughts On The Stock Market Bubble
There's no way that if you are
investing rationally if you are buying
value stocks right and using your brain, there is no way that you're gonna
outperform a bubble. Nobody can do that
but of course once the bubble pops
that's when the outperformance comes in. I mean and if it's a bubble you are
guaranteed to outperform it if you just
can wait it out because bubbles by
definition always pop and when they do
they collapse.
Related trading instruments:
- SPDR S&P 500 Index ETF (SPY)
- iShares Russell 2000 Index ETF (IWM)
- Nasdaq 100 Index ETF (QQQ)
Mar 16, 2018
Did Kudlow Put In A Floor For Gold Prices?
Larry Kudlow shares his views on gold and the US Dollar.
Related trading instruments:
- SPDR Gold Trust ETF (GLD)
- Market Vectors Gold Miners ETF (GDX)
Mar 15, 2018
Markets: Trump, Kudlow, Tariffs
What is
Larry Kudlow done most of his life? He's
been a TV personality like Trump. Yes
he has worked at Bear Sterns for a
while but most
people know him from CNBC as a commentator
and he has a lot of connections, he's
regarded on Wall Street and I think this
is the president trying to make that
overture. This is all about show remember
he's a showman.
I think that Kudlow
is ultimately going to come out in
support of whatever tariffs the
president wants to adopt. Maybe
they'll pretend that Kudlow had some
influence on maybe targeting the tariffs
in the right direction.
Nothing has changed
simply because Larry Kudlow has been has
been nominated. It simply to me
indicates a kind of a smart move on the
part of the President given the agenda
that he wants to pursue.
Markets: US Dollar, Gold
Even with today's bad
economic data even with the downward
revision by the Atlanta Fed the US Dollar
was up slightly today. Gold was flat, it didn't really go anywhere. Nobody really perceives what's going to
happen.
Retail Sales: Down 3 Months In A Row
Instead of getting a rebound we got another drop, we got another point one percent decline in February. That's a trifecta, that's three months in a row of falling retail sales. That hasn't happened in six years, I mean this is pretty rare. If you're like me and you've been very skeptical of the economy being good this is a validation because Americans are broke!
Mar 13, 2018
Bitcoin Is Nothing Like Gold
Bitcoin is
nothing like gold despite the fact that
you have all this terminology that
was deliberately used to make
it sound like gold. You mine
Bitcoin, right? No, there's no mines, there's no pitchforks
there's nobody out there, there's no mine right? But you create
them but they said it's mining and
there's miners to make it sound like gold. They make the Bitcoin
look like gold, it's color it
looks like a coin made of gold. That's done for a reason. To create
the false impression that you're buying
something like gold.
Bitcoin: We've Seen The Peak In The Bubble Already
The bigger story is gonna be the
money that's lost. There's gonna
be so many people that are gonna lose a
tremendous amount of money in these
crypto currencies. There's a pretty good chance that we've
seen the peak in the bubble already.
Mar 9, 2018
Bitcoin: I Don't Think It's Going To Work
I don't think it's going to work and
people say well you just don't
understand it. I think I do understand it, I think the reason that so many people
are involved in it is because they don't
understand it. Now, a lot of those people
have made quite a bit of money by not
understanding it because they
bought it a long time ago and greater
fools paid even higher prices and people
can confuse that success with
understanding.
Mar 7, 2018
Manufacturing Jobs Will Be Lost As A Result Of These Tariffs
Trump is right, the trade deficit is a problem
but where Trump is wrong is thinking
that these tariffs are going to solve
the problem. They won't. They will make
the problem worse.
This is the irony of
these tariffs. They will result in larger
trade deficits not smaller trade
deficits and that's even without any
foreign retaliation meaning if China, if
Europe, if our trading partners do
nothing in response to these tariffs the
result will be larger not smaller
deficits. And manufacturing jobs, the very
jobs that Trump is hoping to save, manufacturing jobs will be lost as a
result of these tariffs.
Mar 2, 2018
The Beginning Of A Much Bigger Downturn
In February's big decline the Dow Jones Industrials Index (DJIA) dropped better
than a thousand points on the month and
we'll see if this is the beginning of a
much bigger downturn. In fact it could
easily be the beginning of a bear market.
Related trading instruments:
- SPDR S&P 500 Index ETF (SPY)
- SPDR Dow Jones Industrial Average ETF (DIA)
- Nasdaq 100 Index ETF (QQQ)
- iShares Russell 2000 Index ETF (IWM)
Mar 1, 2018
How Much Longer Powell Can Pretend All Is Well?
A soaring budget and trade deficits, rising interest rates, higher inflation, a falling U.S. Dollar, protectionist tariffs, a looming trade war, and a slowing economy all portend lower corporate earnings and a bear market in stocks. Let's see how much longer Powell can pretend all is well.
Related trading instruments:
- SPDR Dow Jones Industrial Average ETF (DIA)
- Nasdaq 100 Index ETF (QQQ)
- SPDR S&P 500 Index ETF (SPY)
- United States Steel Corporation (X)
The Dow's Record Breaking Monthly Winning Streak Has Come To An End
The Dow Jones Industrials Index (DJIA) was down 380 points today. In fact this is the second consecutive
300 point drop we've had in the Dow you
know the Dow now is down about 4% for
the month of February which just came to
an end today and that also means the
Dow's
record-breaking monthly winning streak
has also come to an end remember the Dow
has been up every month since Donald
Trump was elected president including
every single month in calendar year 2017
that is something that has never
happened in the history of the stock
market.
Related trading instruments:
- SPDR Dow Jones Industrial Average ETF (DIA)
- iShares Russell 2000 Index ETF (IWM)
- SPDR S&P 500 Index ETF (SPY)
- Nasdaq 100 Index ETF (QQQ)
Feb 26, 2018
Interest Rates Are Going a Lot Higher
Related trading instruments:
- iShares Barclays 20+ Year Treasury Bond ETF (TLT)
- 10- year U.S. Treasuries, SPDR S&P 500 Index ETF (SPY)
- SPDR Dow Jones Industrial Average ETF (DIA)
- iShares Russell 2000 Index ETF (IWM)
- Nasdaq 100 Index ETF (QQQ)
Feb 22, 2018
Gold Needs To Clear Overhead Resistance
We got above $1350 last
week but we couldn't hold it. I think we
really need to go above $1400 to really
clear away this overhead resistance the
only trend that really continued was the
bond market continuing to go down it's
pretty much a daily affair.
Related trading instruments:
- Market Vectors Gold Miners ETF (GDX)
- Market Vectors Junior Gold Miners ETF (GDXJ)
- iShares Silver ETF (SLV)
- SPDR Gold Trust ETF (GLD)
Feb 15, 2018
Stock Market: The Dance That We're Doing
Why
didn't the stock market follow the bond
market down? Of course it's because
the stock market didn't follow the bond
market down that the bond market kept
falling and if the stock market doesn't
fall then the bond market will keep
falling and interest rates will keep
rising until it does (make the stock market go down), that is the
dance that we're doing.
Related trading instruments:
Related trading instruments:
- SPDR S&P 500 Index ETF (SPY)
- Nasdaq 100 Index ETF (QQQ)
- SPDR Dow Jones Industrial Average ETF (DIA)
Inflation Is Good For Gold
A $12 decline (in gold prices) turned into a $25 rally what is that showing that as the idiot morons
robotic sellers when they see higher
than expected inflation sell the dollar
people who use their brains are starting
to dip to think and actually come into
the market and say wait a minute I don't
care what these algorithms or computer
programs say inflation is good for gold.
Related trading instruments:
Related trading instruments:
- SPDR Gold Trust ETF (GLD)
- Market Vectors Gold Miners ETF (GDX)
- Market Vectors Junior Gold Miners ETF (GDXJ)
The Democrats Now Look Like The Fiscally Responsible Party
The Republicans have
now succeeded in doing something that
you would have thought was impossible. They are making the Democrats look like
the fiscally responsible party.
The US Dollar Will Continue To Get Slaughtered
The US Dollar is going to get slaughtered a lot
more and the bond market is going to get
slaughter a lot more in the days ahead. Maybe not exactly tomorrow but
they're going to be days that are going
to come that are going to be much worse
than today. This is just the beginning
this is the tip of a huge iceberg that
is going to be developing.
Feb 12, 2018
Stock Market: Bear Market or Correction?
Looking at the fundamentals
this looks so much more like a bear
market. In fact, when you listen to the
talking heads on CNBC they keep
saying, "relax don't worry you know this
is a correction the market is long
overdue for correction, we haven't had a
correction in a long time and
corrections are normal and they're
healthy." And all that is true but you
know we also haven't had a bear market
in a long time and bear markets happen, bear markets are normal so how do they
know that
we're having now is not the long overdue
bear market?
Massive Volatility Is Indicative Of A Trend Change
We're continuing massive volatility which is I
said to me is indicative of a change of
trend because we were so long in an
uptrend with no volatility now all of a
sudden you have this massive volatility.
Related trading instruments:
Related trading instruments:
- Select Sector Financial Select Sector SPDR ETF (XLF)
- SPDR S&P 500 Index ETF (SPY)
- iShares Russell 2000 Index ETF (IWM)
- Nasdaq 100 Index ETF (QQQ)
Feb 9, 2018
Markets: Nothing Is Going To Stop Rates From Rising
Bond yields
rose anyway even a 1,000 points down in
the Dow Jones Industrials average wasn't even enough to send treasury yields lower with the yield
on the 10-year and the 30-year rising
to new highs for the move.
We had a horrible 30-year bond auction again. Why anybody showed up is
beyond me but obviously not as many
people showed up as they thought. The big drop in the Dow Jones Industrials didn't make interest
rates go down it just kept them from
going up even more but nothing is going
to stop rates from rising.
Feb 8, 2018
Stock Market: Volatility Signals a Trend Change
When you have a
trend and then all of a sudden you see
lots of volatility generally that's a
sign that the trend is changing and the
trend has been up obviously stocks have
been trending up for years and they've
been trending up with minimal volatility. When all of a sudden you see massive
volatility does that mean the trend is
likely to continue? No! It's more likely a
sign that the trend has come to an end. (SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY))
This Just Shows How Quickly The Market Can Go Down
If you look
at the five days from the high, in five
trading days the Dow Jones futures lost about
13 percent of their value. In five days! Now that
just shows you how quickly the market
can go down, I mean, the next
time it could lose even more even faster. (SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA))
Feb 6, 2018
Markets: The Problem With The Debt
Today if we have trillion
dollar deficits not only is the Federal Reserve not
monetizing any of it but the Federal Reserve is
actually contributing to the problem by
not rolling over the bonds that it holds
as claiming it's going to shrink its
balance sheet. Which means on top of the
trillion dollars that the Treasury would
need to sell to finance its deficits
it's gonna have to sell extra Treasuries
to repay the Fed what it's not rolling
over. So this is impossible, this is a
tidal wave of debt that's coming out of
the market.
Related trading instruments: 10-Year U.S. Treasuries, iShares Barclays 20+ Year Treasury Bond ETF (TLT)
Stock Market: It's a Major Decline
We didn't have a black Monday like 1987 as it wasn't a 20 percent decline but it was the
biggest point decline in the history of
the stock market by a large magnitude. We
were down 1,175 points and we were down 1,600 points at the intraday low. So this is the
biggest point decline ever but in percentage
terms it is in the top 20 (I think it was
like number 14 or something) but it is a major decline and we rarely see declines this big. (SPDR S&P 500 Index ETF (SPY), SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ))
Stock Market: This Brings Back Vivid Memories Of 2008
Listening to all the so-called experts on financial TV reassuring investors that there is nothing to worry about, and that the fundamentals are sound, brings back vivid memories of 2008, as that's exactly what the same experts were saying just before the financial crisis. (SPDR Dow Jones Industrial Average ETF (DIA), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY))
Feb 5, 2018
Stock Market: This Year Seems To Have A Lot In Common With 1987
Think about this, 1987 was the year that we had the stock market crash. Well, January was the best month for the US stock market since 1987 and the US Dollar just had its weakest January since 1987. So far this year seems to have a lot in common with 1987.
Stock Market Correction: The Start of Something Much Bigger
A three percent correction is pretty normal except we haven't had one in a long time and the question is is this the start of something more ominous or is this just a small correction and you know what I
think there's a lot of evidence that it is the start of something much bigger part of the evidence is that nobody is concerned nobody is worried there's maximum complacency. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))
Feb 2, 2018
Pronounced Weakness In The US Dollar
January is
over this is the worst January for the
dollar index since 1987,
this is a big move! January was the weakest month for
the dollar against the yuan not just the
weakest January but the weakest of any
month going all the way back to 1994. So
we're having some pronounced weakness in the dollar at a time where
everybody is optimistic on the US
economy.
Feb 1, 2018
Greenspan: Bubbles In Stocks & Bonds
Alan Greenspan was on CNBC today
talking about the bubble in the bond
market the bubble in the stock market
how we're coming to stagflation how we
don't have any productivity growth I
mean I believe that Alan Greenspan knows
exactly how bad this is.
Jan 29, 2018
US Economy: Closer To A Collapse
We're near the end of the game and unfortunately Trump's gonna be the fall guy. This thing is all gonna collapse while he's President and he owns the stock market bubble and he and the Republicans own the economy now thanks to these tax cuts. They're not gonna make any difference but they are gonna give the Democrats a reason to blame it all on Trump and the Republicans. We are getting closer to this collapse.
The US Economy Is Going To Blow Up
"The economy is gonna blow up but you know, it's gonna blow up like a bomb!" - Peter Schiff, in InfoWars (January 2018)
Jan 19, 2018
Why Wall Street Is Wrong About Gold Stocks
Peter Schiff in a recent article explains why Wall Street is wrong about gold stocks:
"When they see the price of gold going up, they’re like, ‘Well, why is the price of gold going up? I mean, what’s the point. The economy is great. There’s no inflation. The Fed is raising rates. Nobody’s buying gold. If it’s going up, it’s just going to go down.’ And so nobody sees the urgency to buy gold stocks the way they see the urgency to maybe buy oil stocks. But this is because they’re wrong. They think there is nothing to worry about. There is everything to worry about. There are so many things – there have probably never been more things to worry about. And the crazy thing is people aren’t worried about any of them. It’s probably because of the mania, because of the bubble. When you get into that mentality, nothing worries you.”
Related stocks: Goldcorp (GG), Newmont Mining (NEM), Barrick Gold (ABX), NovaGold (NG), Market Vectors Gold Miners ETF (GDX)
Stock Market: The Hidden Risks
In a recent article with Seeking Alpha, Peter Schiff highlights the hidden risks that might disrupt the stock market in th near future:
"Everybody thinks the economy is in great shape because they think the Fed solved the problem. No, they didn’t. They made the problem much worse! They made the problem that they created worse. But the people who think they solved it are the same people who didn’t understand it before. And they got blindsided in ’08 and they’re going to get blindsided again because they never learned from their mistakes.”
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ)
Jan 16, 2018
Inflation Is Bullish For Gold
The stock market
should be affected by higher interest
rates but no, they don't care but they
somehow think it's going to be bad for
gold. But the reality is higher inflation
is great for gold, that's why people buy
gold as it's a hedge against inflation. So
the more inflation the more demand there
is for gold.
Related trading instruments: SPDR S&P 500 Index ETF (SPY), iShares Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), SPDR Gold Trust ETF (GLD)
Jan 12, 2018
Stock Market: Heading For A Crisis
This is
the best start since 2006 and of course
people who were buying stocks in 2006
had no idea of the magnitude of the
financial crisis that would hit the
market in 2008 well the same people are
even more clueless today because the
crisis that we're heading for is going
to be much much bigger much worse than
the one in 2008. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM))
Jan 8, 2018
Crude Oil: We Can See $80-100 This Year
I've been talking about oil
prices going up on this podcast. This is the highest oil has closed over two
years and if we get above 62.75 which
is less than a dollar away that would be
the highest closed in oil since December
of 2014. But it was all between July of
2014 in December that oil prices
collapsed from above $100 a barrel to
down below 40 and so I think once we get
above 63 for example, I think we got
clear sailing up to 80 to $100 oil and I
think we can do that this year!
Jan 5, 2018
The Implications of the US Dollar Weakness
On a recent tweet, Peter Schiff highlights the recent moves in crude oil and gold and the implications of the US Dollar weakness going forward:
"Gold closed above $1,300 an ounce for the 1st time in 5 years, oil closed above $60 per barrel for the 1st time in 4 years, and the U.S. dollar fell the most in 14 years. Interesting that no one is worried about what this implies for inflation or interest rates in 2018!"
Related: SPDR Gold Trust ETF (GLD), United States Oil Fund LP ETF (USO), Nymex Crude Oil Futures
Jan 2, 2018
US Stock Market: This Never Happened Before In History
I think this is the first year that the
Dow Jones Industrials Average (DJIA) has ever gained 5,000 points in a
single year. In fact, the Dow Jones was up every
month of 2017. That's never happened
before in history.
In fact, we've
gone 14 consecutive months without a
decline and not only were we up
every month but 2017 represented the
lowest year ever of stock market
volatility meaning that even though the
market was going up it barely ever went
down so it never made anybody nervous.
Related trading instruments: SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index ETF (IWM), Nasdaq 100 Index ETF (QQQ), SPDR S&P 500 Index ETF (SPY)
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