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Last week Peter appeared on Fox Business with Liz Claman and co-panelist Scott Sperling to react to last week’s FOMC decision to hold rates steady. Peter, Liz, and Scott discuss Jerome Powell’s remarks from the decision, recent movement in gold and the equity market, and how economic growth may be able to offset some of […]
Recent market turmoil has signaled a coming recession, and both sides of Washington, D.C. are already spinning narratives to blame their political enemies for the business cycle. As the economy shifts into recovery mode, remember that the establishment has no interest in actually addressing monetary expansion, the true cause of recessions.
Gold jumps $50 this week to $2,910, as silver surges to $32.60 (+$1.40). Global markets reel as uncertainty rises amidst escalating trade wars. Indicators show US recession risks on the rise. Price commentary begins at 10:02.
Peter went live on X Spaces on Tuesday to comment on President Trump’s address to congress and take questions from his followers. Peter offers his thoughts on ongoing economic instability, gold’s long-awaited rise, and mounting inflationary pressures. He also comments on the recent Trump-Zelenskyy debacle and Trump’s renewed tariff pressure.
Conventional wisdom says that the government can help (or is even required to) stimulate the economy, especially during a recession. As mounting evidence grows for a recession happening right now, it’s worth examining how this conventional wisdom is completely wrong and backwards. The government is typically the primary cause of recessions.
Gold closed this week at $2,625 (down about $25 since last week) and silver at $29.55 (down about $1.05). The Fed cut rates in time for Christmas but stock markets dropped on the news, spoiled by promises of bigger cuts in 2025. Price action discussed at 6:26.
On Wednesday, after the Fed’s 25 basis point rate reduction was announced, Peter appeared on Fox Business to give his initial analysis of the policy move. Peter starts the interview by criticizing Jerome Powell’s messaging, pointing out that Powell is overstating how hawkish he’s been on inflation.
Gold closed this week at $2,650 (up about $25 since last week) and silver at $30.60 (up about $0.41). Joel discusses higher inflation, global rate cut momentum and why Trumps policies add fuel to the inflation fire. Price action discussed at 5:38.
On Friday Peter capped off the week by discussing the latest round of troubling data. With the nonfarm payroll report coming in far below expectations, Peter elaborates on the predicament the Fed is in. With mounting political pressure and an election in mere days, how will the Fed possibly manage both inflation and a stagnating […]
“No” is Boeing’s final word to union workers, who say they plan to remain off work for the “long haul” after the company walked away from the negotiating table.
Last Tuesday, Jason Burack, host of “Wall St for Main St,” interviewed Peter. They cover the state of gold and silver markets, the similarities between 2024 and 2008, and the flaws with government data. Peter also predicts a return to QE-style Fed policy in the near future.
