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Peter’s Podcast

POSTED ON July 9, 2020  - POSTED IN Peter's Podcast

Gold has pierced another significant level, pushing above $1,800 an ounce on Wednesday. That’s the highest spot price for gold since 2011.

Breaking through $1,800 was a significant move for the yellow metal, but during his podcast earlier this week – before gold breached that level – Peter Schiff said he thinks gold has a long way to run up, and he explained why the dynamics are different now than the last time gold was above $1,800.

POSTED ON July 1, 2020  - POSTED IN Peter's Podcast

Q2 was one heck of a quarter for US stock markets. But in his podcast, Peter Schiff called it a “phony rally.” The real bull run to watch is gold.

The Dow Jones just wrapped up its best quarter since 1987. The S&P 500, finished out its best three-month run since 1998 during the dot-com bubble. But as Peter pointed out, you have to put the big gains in perspective. Stocks were coming off an abysmal first quarter, and other than the NASDAQ, the major indexes remain negative on the year.

POSTED ON June 22, 2020  - POSTED IN Peter's Podcast

On Friday, the Dow Jones was up around 400 points early in the day, but closed down just over 200 points. Meanwhile, gold had a solid rally that held up. The yellow metal was up about $20 on the day. Could this be a sign of things to come? In his podcast over the weekend, Peter said he thinks it just might be.

I think the action in the stock market and the gold market Friday potentially is telling as to the future course of both markets.

POSTED ON June 17, 2020  - POSTED IN Peter's Podcast

On Tuesday, Federal Reserve Chairman Jerome Powell testified before the Senate Committee on Banking, Housing, and Urban Affairs. It was classic Fed “open mouth operations” as Powell tried to talk up the central bank’s policies and assure everybody that everything is under control. But is it, really?

Peter Schiff hit some of the highlights of Powell’s testimony during his podcast.

POSTED ON June 15, 2020  - POSTED IN Peter's Podcast

After the stock market tanked last week, the Trump administration tried to do damage control and talk the economy back up. In his podcast, Peter Schiff said the damage control fell flat. In fact, everything the government is doing claiming to help isn’t helping at all.

POSTED ON June 8, 2020  - POSTED IN Peter's Podcast

The markets were giddy Friday after a much better than expected jobs report boosted optimism for a quick v-shaped recovery as the economy opens back up. But in his podcast Friday, Peter Schiff poured some cold water on this notion. He said given the amount of stimulus that the Federal Reserve and the US government have pumped into the economy, unwinding it all will be mission impossible.

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