The Peter Schiff Show Podcast3 Touko 2016

Dollar Dives, Gold Thrives, Puerto Rico Defaults – Ep. 163

* Gold finally traded about $1300 this morning; it was the first time since January of 2015 that the price of gold traded above $1300
* But by the time the U.S. Stock market opened, the price of gold started to sell off, and it couldn't hold $1300, in fact, it ended negative on the day - we closed about $1291
* When gold failed to hold $1300, there was a lot of selling in gold stocks; in fact gold stocks were way up in the pre-market, up from 2-7%
* Some of them opened with new 52-week highs, but then the selling commenced and gold stocks went down, silver stocks went down - GDX ended down about 1.7% on the day - not a very big move
* There will be some people out there who will say, "It's a reversal"
* We didn't hold $1200 either, the first time we got above it, but the next time we went to $1200, we got to $1260
* I think something similar might happen with $1300
* If I were a bear, I would cover, I'd be buying back
* I think it would be smart to buy the dip
* Especially when you look at the weakness in the U.S. dollar with continued today, in fact the dollar index traded down to about 92.50
* This is the first time since January of 2015 that the dollar index has been below 93
* The euro is above 115, that, too, is the first time since January of 2015
* But the dollar is weak across the board, and it's going to continue to get weak especially if we keep getting the weak data points like the data that came out today
Our Sponsors: * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://www.plaud.ai Privacy & Opt-Out: https://redcircle.com/privacy

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(1150)

Worse Than 2008. Worse Than COVID. And They Call It a Boom.

Consumers are more worried now than at 2022's 40-year inflation high. Peter Schiff shows why the 'greatest economy ever' is pure fiction.📢 Please Support Our Sponsors:- My Patriot Supply. Save almost...

10 Loka 56min

Tariffs Failed. Imports Hit a Record. France Is Rioting. We're Next.

Tariffs failed, imports hit a record, and France is rioting. Peter Schiff explains why America's sovereign debt crisis is next.📢 Please Support Our Sponsors:- Noom. The Noom GLP-1 Program starts at $...

7 Loka 58min

Jobs Missed. Wages Stalled. Tariffs Failed. Bonds Fell Anyway.

Peter Schiff on a 29,000 jobs miss, weak wage growth, a $132.6B trade deficit, Trump's inflation remark, and why bonds sold off anyway.📢 Please Support Our Sponsors:- Odoo. Get your first application...

3 Loka 51min

Every Crisis I Warned About Is Converging... This Is the End Game

Peter Schiff on record bond yields, a 12-year low in consumer confidence, the end of the 40-year refi era, and why gold is the last safe haven.📢 Please Support Our Sponsors:- Proton Pass. Go to https...

30 Syys 55min

This Happened Twice in 100 Years... Both Times, Stocks Fell 49%

Peter Schiff on why 86% of the S&P is already in a bear market, the 1973 and 2000 parallels, 5% Treasury yields, and new IRS emails on his bank.📢 Please Support Our Sponsors:- My Patriot Supply. Get ...

27 Syys 1h 7min

22-Year High Yields. Record Diesel. McDonald's Gave Up on 2%.

Peter Schiff on 22-year high yields, record diesel, McDonald's inflation warning, and Trump's claim he told Warsh how to vote.📢 Please Support Our Sponsors:- AG1. For a limited time, save 20% on your...

24 Syys 56min

The Fed Hiked Rates 0.25%. It Won't Stop What's Coming.

The Fed hiked a quarter point. Peter explains why it will not stop the bond market, the dollar, or what is already coming for housing.📢 Please Support Our Sponsors:- NetSuite. If your revenues are at...

17 Syys 59min

I'm Banned From Fox News for This Forecast... It Just Came True

Fox dropped Peter for saying inflation would accelerate. August CPI proved it. Now an 88% rate hike, 19-year-high yields, and $100 oil.📢 Please Support Our Sponsors:- My Patriot Supply. Check out the...

13 Syys 1h 1min