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POSTED ON March 4, 2020  - POSTED IN Key Gold Headlines

Stop and pause for a moment and think about what just happened. The Federal Reserve says the US economy is strong, but it just initiated emergency monetary policy last seen during the worst financial crisis since the Great Depression.

Something doesn’t add up.

The Fed cut rates 50 basis points on Tuesday. It was the first interest rate move between regularly schedule FMOC meetings since the 2008 financial crisis. The Fed funds rate now stands between 1.0 and 1.25%.

POSTED ON February 25, 2020  - POSTED IN Peter's Podcast

Stock markets tanked on Monday. The Dow Jones was down over 1031 points. It was the biggest drop in two years for the Dow. The Nasdaq shed 355 points. The S&P500 was down 111.

As stocks dropped, the bond market was red-hot. Prices soared and yields dipped to record lows. Bonds are considered a safe-haven, but in his latest podcast, Peter said US Treasuries aren’t a safe-space. When it’s all said and done, the only safe-haven left standing will be gold.

POSTED ON February 21, 2020  - POSTED IN Friday Gold Wrap

Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that? On this week’s Friday Gold Wrap podcast, host Mike Maharrey talks about what he thinks is at the root of this gold breakout. He also gets into the subject of inflation. There’s more out there than the standard government numbers tell us.

POSTED ON February 19, 2020  - POSTED IN Peter's Podcast

In his most recent podcast, Peter Schiff talked about coronavirus and the impact that it is having on the markets.

Earlier this month, Peter said he thought the virus was just an excuse for stock market woes. At the time he believed the market was poised to fall anyway. But as it turns out, coronavirus has actually helped the US stock market because it has led central banks to pump even more liquidity into the world financial system.

POSTED ON February 14, 2020  - POSTED IN Friday Gold Wrap

Jerome Powell went to Capitol Hill this week. During his testimony before a congressional committee, the Fed chair insisted, “There is nothing about this economy that is out of kilter or imbalanced.” In this episode of the Friday Gold Wrap Podcast, host Mike Maharrey takes issue with Powell’s assessment and points out some things that are, in fact, way out of kilter.” He also touches on coronavirus and the markets, consumer debt, and Donald Trump.

POSTED ON February 7, 2020  - POSTED IN Friday Gold Wrap

Gold took a hit on Tuesday but held a key support level and rebounded as the week went on, even as stocks set new records. Why does gold continue to keep showing strength even with all the headwinds? Is it just coronavirus? Or is something else going on? Host Mike Maharrey talks about it in this week’s Friday Gold Wrap podcast.

POSTED ON February 6, 2020  - POSTED IN Original Analysis

The Coronavirus has officially reached the “pandemic” status. It’s a scary word that means the coronavirus has crossed international boundaries. So, what does this mean for the markets?

POSTED ON January 28, 2020  - POSTED IN Interviews

The spread of coronavirus in China has made markets jittery. Stocks have gone into a slide and gold has pushed up on safe-haven buying. Last week, Peter Schiff appeared on RT Boom Bust to talk about it. He said that 2020 may well be a bad year for the stock market, but probably not because of the virus. The real problem is markets are overvalued and the air will eventually come out of the bubble.

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