A recent article from Mr. Schiff on how gold can go much higher from current levels: Peter Schiff: When Everything Blows, Gold Is Going Ballistic
Dec 4, 2018
Dec 3, 2018
Federal Reserve: Unwinding The Balance Sheet
The
balance sheet is still north of four
trillion so they've tapered it a little
bit ,I think a couple hundred billion. Interest rates are rising and the Federal Reserve still
has an enormous balance sheet and
according to what they've been saying
they're about to start increasing the
monthly draw and and that is gonna
put even more pressure on the bond
market especially since we are printing
record budget deficits.
We're now
borrowing over a hundred billion a month and the official numbers don't
even capture that because so much of the
budget is off budget. But it doesn't
matter, they
still have to issue the bonds to finance
the off budget spending.
So what's
important is how much the national debt
is going up, how much bonds are
actually being sold and so we've got
record budget deficits and now we've got
the Federal Reserve that wants to sell
and the bigger problem is who's buying?
Nov 30, 2018
The Next Round Of QE Will Send Gold To New All-Time Highs
Everybody thinks quantitative easing is over what they don't realize is it's barely begun the next round is gonna be bigger than the first three and that's really what's gonna send gold to new highs.
Related trading tickers:
- SPDR Gold Trust ETF (GLD)
- Market Vectors Gold Miners ETF (GDX),
- Market Vectors Junior Gold Miners ETF (GDXJ)
- Newmont Mining (NEM)
- Barrick Gold (ABX)
- Kinross Gold Corporation (USA) (NYSE:KGC)
Nov 29, 2018
Why Investors Are Wrong About Gold
Gold has really been an asset that has been under owned for many years. I think you have too many people that are convinced that the central banks know what they're doing and that they've solved all of our problems and that there's no inflation, that there's nothing to worry about and therefore there's no reason to own gold. Gold is just a piece of metal and why own it right, it doesn't throw off any income? But of course people are completely wrong.
Nov 26, 2018
Stock Market: This Is A Bubble Deflating
Peter Schiff comments on the current situation in the US stock market.
Nov 23, 2018
This Is A Bear Market
I've been calling for a bear market and I think this is a bear market and if we get a rally that will be the correction because the primary trend is now down. This is early in this bear market, it's very young and unfortunately it's going to be very long-lived.
I think this is going to be similar if not worse than the bear market that went from 1966 to 1982. It took 16 years for the Dow to make a new high and during that time period inflation took about 70 percent away from the Dow's value. This time I think it's going to be worse.
I think this is going to be similar if not worse than the bear market that went from 1966 to 1982. It took 16 years for the Dow to make a new high and during that time period inflation took about 70 percent away from the Dow's value. This time I think it's going to be worse.
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