Aug 31, 2016

Potential For A Big Reversal in Gold Stocks (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Gold stocks were down another 5 percent but they are still way up on the year but we have seen a significant correction on the speculation that the Federal Reserve might raise interest rates, of course they might not.

We are going to have a jobs report on Friday and if it is really a weak report, all the rate hikes are completely off the table once again. So there is potential for a huge reversal if we get a really weak jobs number. (Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), NovaGold (NG))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Aug 30, 2016

Markets: The Interest Rate Cycle

Wether or not the Federal Reserve raises interest rates is irrelevant. What is far more relevant is that the rate hiking cycle is either already over or close to an end. It is nowhere near the magnitude that was originally believed by everybody.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Aug 29, 2016

Markets: Yellen On Future Asset Purchases

When she talked about future asset purchases programs like another round of quantitative easing, although she did not use the word QE, she talked just about asset purchases, she did suggest that they should expand that beyond U.S. Treasuries and mortgage backed securities that they used the last time and that should have been a very, very negative sign for the U.S. Dollar and positive for gold that he Federal Reserve is now thinking of broadening what it purchases to maybe corporate bonds or muni bonds or maybe they want to buy stocks.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Aug 26, 2016

The Fed Is Not Really Considering A Rate Hike

I do not think the Federal Reserve is seriously considering an interest rate hike. They do not want to admit that they are not because they want to keep up the pretense that the economy is strong enough for a hike without actually delivering one. (SPDR S&P 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Aug 25, 2016

Markets: Gold Is Going Up, The U.S. Dollar Is Going Down

Even if the Federal Reserve raised interest rates all the way up to 1 percent, that is still not enough to hurt gold and still not enough to help the U.S. Dollar.

So, when are people going to figure out that it does not even matter what the Federal Reserve does because either way the U.S. Dollar is going down and gold is going to go up regardless of the fact that we may have another interest rate hike or even two hikes. This is the end of the tightening cycle. (SPDR Gold Trust ETF (GLD), iShares Silver ETF (SLV), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

Aug 24, 2016

Markets: Gold, Gold Stocks & Emerging Markets

I think the Federal Reserve is getting ready to cut interest rates again, launch QE4 and the markets are just starting to figure this out, at least figuring out that the Federal Reserve is not going to raise interest rates.

Now the markets are pricing out all the interest rate hikes that were priced in. That is great for gold, for gold stocks, it is great for emerging markets. (SPDR Gold Trust ETF (GLD), Market Vectors Junior Gold Miners ETF (GDXJ), Market Vectors Gold Miners ETF (GDX), iShares MSCI Emerging Markets Index ETF (EEM))

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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