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POSTED ON September 6, 2022  - POSTED IN Peter's Podcast

Jerome Powell and other central bankers at the Federal Reserve are still talking tough about their inflation fight even as the economy continues to deteriorate. Peter Schiff says we’re nearing an inflection point, but the markets don’t get it yet. As he explained in his podcast, the Fed’s monetary tightening is causing a recession, but ultimately, the central bank will surrender to inflation. There is a day of reckoning ahead and we can’t avoid it much longer.

POSTED ON September 4, 2022  - POSTED IN Exploring Finance

As highlighted last month, short positioning in gold was at the highest level since April 2019. This laid the seeds for a potential short squeeze. While a squeeze did unfold, it was brief. Sellers have regained control of the market and are driving the price back down.

Please note: the COTs report was published 9/2/2022 for the period ending 8/30/2022. “Managed Money” and “Hedge Funds” are used interchangeably.

POSTED ON September 2, 2022  - POSTED IN Friday Gold Wrap

The Kansas City Federal Reserve Bank published a rather surprising paper that swerves into the truth – the Fed can’t win this inflation fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the paper. He also discusses the possibility of a dollar decline and gives his first impression of the August jobs report.

POSTED ON September 1, 2022  - POSTED IN Key Gold Headlines

The photography industry was once one of the biggest consumers of silver. With the advent of digital photography and cell phone cameras, the use of film gradually declined. But there has been a revival in film and the use of silver in photography increased last year.

This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.

POSTED ON September 1, 2022  - POSTED IN Peter's Podcast

On the surface, some of the economic data that came out this week seemed to indicate that the economy is in better shape than the bears believe. In his podcast, Peter Schiff dug into consumer confidence and labor market data. He concluded that the strong economy narrative is greatly exaggerated. In fact, the data reveals a dysfunctional economy.

POSTED ON August 31, 2022  - POSTED IN Original Analysis

It appears somebody at the Federal Reserve has figured out that the central bank can’t tame inflation, so it’s setting up a scapegoat – Uncle Sam.

A paper co-authored by Leonardo Melosi of the Federal Reserve Bank of Chicago and John Hopkins University economist Francesco Bianchi and published by the Kansas City Federal Reserve argues that central bank monetary policy alone can’t control inflation.

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