Americans Have the Most to Lose in a Trade War – Ep. 344

Americans Have the Most to Lose in a Trade War – Ep. 344

Extreme Volatility
It was another extremely volatile day in the U.S. stock market. When I finished my podcast on Monday and we had that big drop, I suspected that Tuesday might be a reversal Tuesday. So I thought we'd get a bounce on Tuesday and, in fact we did. We had a big rally; the Dow was up 400 points or so. Then this morning the Dow opened up down 500 points. In fact when I woke up this morning, a couple of hours before the market opened, the Dow was down closer to 600.
Reversing Up
Typically when we get these huge sell offs right on the open because overnight weakness, what generally happens is that we end up reversing up - getting some buying after we open the markets down, and that's exactly what happened. The markets ended up recovering the entire loss. We closed around the highs of the day: the Dow up 230 points and the NASDAQ up just over 100 points. This is a reversal. Checking the numbers, the Dow did not take out yesterday's low but the NASDAQ and the S&P did. All the markets closed above the previous day's high.
Bear Market: Primary Trend is Down
I'm sure some people will look at these numbers and say, "Hey, this is a technical reversal, we took out the lows we closed above the highs, it's an outside day and this is maybe the end of the correction. I do think potentially we could have more to the rally. But I think the rally is the correction. I still think this is a bear market. We narrowly avoided the Dow Theory sell. The Dow Theory is still on a buy, and now we have a bit of a reversal, so maybe this correction has a little more legs. The correction being the move up. I think the primary trend is down. I don't think today's reversal is big enough to have put in the low of this correction if it is a correction. So I still think that we are in a bear market.







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Episoder(1085)

A Fed Policy Error That Will Live In Infamy – Ep 758

A Fed Policy Error That Will Live In Infamy – Ep 758

* Markets recover most all of their Black Friday losses. * Fed can’t fight inflation without deflating inflated economic bubble. * Data shows biggest drop in productivity in 62 years. * Consumer prices are headed much higher. * Real wages are headed much lower. * Bitcoin is a lousy store of value in terms of Ethereum. * Americans made real sacrifices during World War 2, not during the war on Covid. * US would have to fund a war with China by borrowing money from China. Thanks Raycon! For a limited time, go to https://buyraycon.com/gold and use code HOLIDAY for up to 15% off your entire Raycon order. Thanks FEALS. Become a member at https://feals.com/gold and get 40% off your first three months with free shipping INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

8 Des 202155min

Do Weak Stocks in Dec. Portend Fed Ease in Jan? – Ep 757

Do Weak Stocks in Dec. Portend Fed Ease in Jan? – Ep 757

* Nasdaq suffers worst start to December in 20 years. * Stay-at-home darling stocks crash with no bottom in sight. * Covid is the gift that keeps on giving the Fed excuses. * Real unemployment rate is much higher than 10%. * Biggest fools now are those buying Bitcoin. * Maxine Waters pats herself on the back for giving away other people’s money. * Janet Yellen wants to postpone big catastrophe now for bigger catastrophe later. * Jerome Powell admits he now sees a substantial risk of persistent inflation. For a limited time, buy any 3-month Mint Mobile plan and get 3 more months FREE at https://mintmobile.com/gold Thanks Aura Frames. Get $30 off your order by going to https://auraframes.com with promo code GOLD INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

4 Des 20211h 10min

Powell Finally Admits Inflation Isn’t Transitory – Ep 756

Powell Finally Admits Inflation Isn’t Transitory – Ep 756

* Dow down over 1300 points in 2 days over Omicron variant concerns. * Bubble market found its pin. * Powell is essentially a member of the Biden administration. * The only tools the Fed has left will destroy the bubble economy if they use them. * Powell lies about the credit worthiness of the US. * Ray Dalio says the only thing the Fed will successfully raise will be prices. * Build Back better targets the middle class with new bank account monitoring. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 2021. Thanks Theragun. Go to https://therabody.com/peter to try Theragun for THIRTY-DAYS starting at $199. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

1 Des 202157min

Black Friday Leaves Investors Black and Blue – Ep 755

Black Friday Leaves Investors Black and Blue – Ep 755

* Covid crashes market again with new Omicron Strain. * Dow suffers its worst drop since Covid lockdowns started. * Investors choose Euro and Swiss Franc over US Dollar as safe haven. * Markets begin pricing out rate hikes that they previously priced in. * Smart money dumps crypto while dumb money buys the dips. Thanks Tru Niagen. Save 10% on your first purchase at https://truniagen.com/peter with code PETER Mene's 24k gold jewelry is giving my listeners 5% off their purchase at https://mene.com/?promo=schiff Use promo code "SCHIFF" at checkout. Offer expires December 2nd, 2021. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

27 Nov 202142min

Thanksgiving: How Capitalism Saved America From Socialism – Ep 754

Thanksgiving: How Capitalism Saved America From Socialism – Ep 754

* 2021 marks the most expensive Thanksgiving dinner ever. * Oil companies can’t pump oil as fast as the Fed can print money. * Pilgrims set sail for Communism, but landed on Capitalism. * Desperate Americans look to crypto as a ticket to wealth. * Bitcoin is fiat and people will lose faith in it like other fiats. * Alex Mashinsky of Celsius tells desperate Americans to take out loans to buy Bitcoin. * CNBC hosts an hour-long special shilling Bitcoin. * Cathie Woods is bullish on Bitcoin, but expects deflation. * Wherever inflation starts, it always ends up at the supermarket. * Fed can’t fight inflation and bail out the housing market at the same time. * Even Fed’s preferred data shows they are miles above their inflation target. One-of-a-kind financing program at https://netsuite.com/gold Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

25 Nov 20211h 2min

The Devil You Know Is Still a Devil – Ep 753

The Devil You Know Is Still a Devil – Ep 753

* Biden reappoints Powel as Fed Chairman and promotes Brainard to Vice Chair. * Gold sells off and dollar rises on Fed news. * Investors worried about inflation under Powell two days ago now celebrate Powell’s reappointment. * If Biden wanted to fight inflation, he’d stop creating it. * Generation of entitled American socialists don’t think stealing is wrong. * MSNBC promotes racism. * Law abiding citizens don’t use cars or guns to kill people. * Rittenhouse trial being used to promote Communism. Thanks Raycon! For a limited time, go To https://buyraycon.com/gold for up to 20% off your entire Raycon order. Go to https://bambee.com/gold to schedule your FREE HR audit. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

24 Nov 202158min

Rittenhouse Innocent, Government Guilty on All Accounts – Ep 752

Rittenhouse Innocent, Government Guilty on All Accounts – Ep 752

* Socialists are the only ones who believe Biden’s bill will Build Back Better. * Democrats accidentally admit that inflation is caused by expanding deficit and money printing. * The rich don’t have to cheat on their taxes like the middle class does. * Government wants to give all workers a 4 week paid vacation every year. * Government attack on civil liberties has crypto crowd concerned. * Kyle Rittenhouse innocent on all accounts. Thanks https://avast.com! Thanks https://truebill.com/gold. it could save you hundreds a year. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

20 Nov 20211h 1min

Government Recycles 1970s Inflation Propaganda – Ep 751

Government Recycles 1970s Inflation Propaganda – Ep 751

* Janet Yellen lies to the nation. * The Fed doesn’t want to let the peoples’ cost of living decrease. * 2% inflation isn’t a target; it’s a floor. * Retail investors move from bubble to bubble without learning any lessons. * Sell your Bitcoin before Logan Paul’s audience does. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through December 31, 2021. Thanks Ladder Life Insurance. Go to https://ladderlife.com/gold today to see if you’re instantly approved. INVEST LIKE ME: https://schiffradio.com/invest RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/ SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/ Schiff Gold News: http://www.SchiffGold.com/news Buy my newest book at http://www.tinyurl.com/RealCrash Follow me on Facebook: http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff Follow me on Instagram: https://Instagram.com/PeterSchiff Our Sponsors: * Check out FRE and use my code LISTEN20 for a great deal: https://frepouch.com * Check out Infinite Epigenetics: https://infiniteepigenetics.com/GOLD * Check out Justin Wine and use my code SCHIFF20 for a great deal: https://www.justinwine.com Privacy & Opt-Out: https://redcircle.com/privacy

17 Nov 202158min

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