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POSTED ON October 3, 2019  - POSTED IN Key Gold Headlines

During his podcast earlier this week, Peter Schiff said “the party is over” in the stock market. As if on cue, the Dow Jones is off to the worst start in a quarter since the 2008 financial crisis.

The Dow plunged 494.4 points on Wednesday, a 1.86% decline. Combined with Tuesday’s 343.7 point drop, the Dow is down more than 3% in two days. The 800-plus point slide is the worst start to a quarter since the last three months of 2008. In the fourth quarter of that year, the Dow fell 19.4%.

POSTED ON August 2, 2019  - POSTED IN Friday Gold Wrap

The Federal Reserve came through with its first interest rate cut in more than a decade this week. But with Jerome Powell trying desperately to convince everybody that this wasn’t the beginning of a long cutting cycle, the stock markets weren’t pleased. And neither was President Trump. So, he decided to put his own fingerprint on the markets, announcing new tariffs on Chinese products. In this week’s Friday Gold Wrap podcast, host Mike Maharrey breaks it all down and explains how it impacted the gold market.

POSTED ON April 1, 2019  - POSTED IN Peter's Podcast

The Dow Jones closed out Q1 2019 with its best quarterly gain since 1998, rising 10.3% through the first three months of the year. And the Dow Jones wasn’t alone in its bang-up first quarter. The S&P 500 rose 12.3%. The Russell 2000 was up 13.8%. And the Nasdaq led the entire pack with a 15.6% gain.

As Peter Schiff said in his latest podcast, the entire rally was a gift from the Federal Reserve.

POSTED ON December 21, 2018  - POSTED IN Key Gold Headlines

The Nasdaq officially dipped into bear territory on Thursday.

The tech-heavy index rallied off its interday lows to close just a rounding error away from official bear status — for now. The Nasdaq has lost nearly 20% of its value in just four months. Reuters called it “the latest sign that the bull market that began in the depths of the financial crisis a decade ago could be coming to an end.”

POSTED ON October 25, 2018  - POSTED IN Key Gold Headlines

Wednesday was another ugly day on Wall Street.

Stocks tanked, wiping out gains for the year in both the Dow Jones and S&P 500 Index. The Dow fell 608 points and the S&P 500 shed 3%. The Nasdaq plunged 329 points and lapsed into a correction territory. It was the largest daily decline on Wall Street since 2011.

In his most recent podcast, Peter Schiff asked a key question: will the Federal Reserve swoop in and change the nature of the game?

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