Trump Is No Reagan & Powell Is No Volcker – Ep. 331

Trump Is No Reagan & Powell Is No Volcker – Ep. 331

Dow Down Over 250 Points
Today the Dow Jones was down just over 250 points; we're back below 25,000. I think we were down better than 300 on the lows of the day, but we went out pretty low. The dollar was actually quite strong today; the dollar index had one of its better days of the year - +.61. We're back at 89.71. We had gotten back below 89, with an 88 handle. Gold had a bad day today after having had some pretty good days last week. The price of gold down almost $18 now; just below $1330. We got above $1350 last week, but we couldn't hold it. I think we really need to go above $1400 to clear away this overhead resistance.
Bond Market Continues Decline
The only trend that really continued was the bond market, continuing to go down. It's pretty much a daily affair. Yields rising off the highs of the day - we're back below 2.9. We got to 2.915 on the 10-year. We closed at 2.893. But I think it is the back-up in yields that continues to put downward pressure on gold and some upward pressure on the dollar. Now, in the scheme of things, it does not matter because the dollar has been falling all year, despite the fact that rates have been rising all year.
False Narrative That High Rates Are Good for the Dollar
But the narrative that higher rates is good for the dollar still permeates the markets. Traders still have not figured out that they've got this one wrong. Likewise, they still haven't figured out that rising inflation is good for gold, not bad for gold. In fact, I think the catalyst for today's rally in the dollar and the sell off in gold is the news that came out on inflation on Friday.
Bad News about Inflation
We got some really bad news that inflation is picking up. We got the data for import prices and export prices. Export prices were up by .8% but import prices, which were clearly more important, because we have to pay for our imports - our import prices shot up 1%. They were expecting a gain of .6%, so 80% higher than what was expected. Year over year, you're talking about a 3.6% increase in the price of our imports.
Import Prices Rising Faster Than Export Prices
Now this is bad for a couple of reasons: 1) If our import prices are rising faster than our export prices, what does that mean about our trade deficit? That means its going higher. But 2) It's inflation, or the cost of living, because we have to pay for these imports. If imports are 1% more expensive, month over month, that means it costs Americans more money to buy whatever is imported. 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

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Sell the Rip, Don’t Buy the Dip – Ep 774

Sell the Rip, Don’t Buy the Dip – Ep 774

* The stock market is rotating, not crashing. * Weak economic data will make it harder for the Fed to tighten. * Fed may begin blaming rising oil prices on economic slowdown. * Market will assign premium to companies producing earnings and paying dividends. * Facebook abandons their cryptocurrency project, Libra. * 6 more weeks of winter is nothing compare to the crypto winter ahead. * National debt reaches $30 Trillion. * The dollar is Monopoly money held up by a giant Ponzi scheme. 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

3 Feb 202243min

The Bigger the Bubble, the Smaller the Pin – Ep 773

The Bigger the Bubble, the Smaller the Pin – Ep 773

* January could end up being the worst month ever in the stock market. * Worst is yet to come for Robinhood. * Fed’s hawkish talk pushing the dollar higher and gold lower. * Value investments continue to outperform growth investments. * Consumers are buying less, but spending more. Thanks Tru Niagen. Save 20% on your first purchase at https://truniagen.com/peter with code PETER 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

29 Jan 202252min

No Pivot: Powell Put Expires – Ep 772

No Pivot: Powell Put Expires – Ep 772

* Jerome Powell surprises no one in FOMC meeting. * Tesla is not Microsoft. * Hedge fund sharks will smell blood on Cathie Wood. * Bullish gold news ignored by traders. * Powell confuses economic strength for an economic bubble. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through March 31st 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 Jan 202246min

A Stock and Crypto Reversal, but Not a Bottom – Ep 771

A Stock and Crypto Reversal, but Not a Bottom – Ep 771

* Stocks pump on potential Powell pivot. * Fed trying to prevent its credibility and the market from imploding. * More than two thirds of Bitcoin holders are underwater on their purchase. * The gold standard didn’t fail. 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

25 Jan 202246min

Risk Assets Crash Tests Fed’s Resolve – Ep 770

Risk Assets Crash Tests Fed’s Resolve – Ep 770

* Fed’s talk pricked the mother of all bubbles. * Netflix becomes a victim of its own success. * Cathie Wood’s ARKK fund sees an entire bear market in one week. * Investors are no longer taking refuge in the US dollar. * Tether is an accident waiting to happen. * Pumpers are now conceding that Bitcoin is correlated to risk assets. * There is no basis for owning Bitcoin. Go to https://bambee.com/gold to schedule your FREE HR audit. Thanks Tru Niagen. Save 20% on your first purchase at https://truniagen.com/peter with code PETER 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

22 Jan 20221h 1min

The Most Obvious Crisis Almost No One Saw Coming – Ep 769

The Most Obvious Crisis Almost No One Saw Coming – Ep 769

* Stock market is in bad shape, but bond market is worse. * Silver rallies. * Any negative yield in bonds is a positive for gold. * Numbers on economy getting weaker as numbers on inflation get stronger. * Fed can’t fix an inflation induced recession with more inflationary policies. * The crash I wrote about in my 2007 book, Crashproof, is happening right now. 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

19 Jan 202240min

2022 Kicks off the Great Rotation – Ep 768

2022 Kicks off the Great Rotation – Ep 768

* Oil prices headed for record highs. * Massive rotation from growth stocks to value stocks in effect. * Investors rushing to dump Cathie Wood’s ARKK fund. * Grayscale Bitcoin Trust follows growth stocks decline. * Gold will follow oil’s breakout. * Lael Brainard should be fired, not promoted. * The Fed is saving some jobs… the unproductive ones. * Quantitative Easing has a disproportionately negative impact on minorities. 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

15 Jan 202255min

Fed Unveils Field of Dreams Monetary Policy – Ep 767

Fed Unveils Field of Dreams Monetary Policy – Ep 767

* Official CPI is at its worst in 39 years. * Real CPI is at its worst in history. * Investors beginning to realize that the Fed is too little too late. * Elizabeth Warren wants the Fed to blame inflation on price gouging. * Democrats are laying the foundation for price controls. * Paul Tudor Jones believes Bitcoin will do poorly in 2022. Free $75 credit to upgrade your post at https://indeed.com/peter. Terms and conditions apply. Offer valid through March 31, 2022. One-of-a-kind financing program at https://netsuite.com/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

13 Jan 20221h 18min

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