The Dow finished the last trading day in February, with a 123-point decline, in fact the Dow Jones closed at the low of the day; the NASDAQ was down 32.5 points Gold reversed the declined from Friday, it was up $16.5 today it’s up another $2.50 as I record this, we’re now back above $1240 […]
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Thoughts On The Economy, Buffet, Oscars & Politics – Ep.148 Read More »
The rally in the U.S. stock market continues, the Dow closing up more than 212 right at the high of the day It’s not just the Dow Jones that is rising, and by the way, this is the highest the Dow Jones has closed since early January, so it’s better than a one month high
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Even Cramer Can See Bullard Is Blind – Ep. 147 Read More »
We had some wild swing in the market today, particularly the stock market and the gold market At one point this morning, the Dow Jones was down about 270 points It finished the day up 53 points There wasn’t any real news that caused the market to go up; people were buying the dip The
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Recession Hiding in Plain Sight – Ep. 146 Read More »
It looks like Jamie Dimon’s bottom turned out to be the trap door I thought it was, with the Dow Jones today down almost 190 points The market was let lower by the financials, JP Morgan itself down better than 4% Remember it was Jami Dimon having the confidence to put a year’s salary into
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Stagflation Rears Its Ugly Head – Ep.145 Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Operating under the mistaken belief that a modest dose of inflation is either a prerequisite for, or a by-product of, economic growth, the nation’s top economists have been assuring us for quite some time that inflation will stay very low until the currently mediocre economy finally
The Fed’s Nightmare Scenario Read More »
What a difference two days make! Two days ago I recorded my podcast, “Goldman Sachs Sacks Gold”, and that was because Goldman Sachs’ comments about shorting gold were partially responsible for the severity of the drop in gold over the holiday weekend Today, gold is fighting back, at one gold was up better than $30,
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Gold Sacks Goldman Sachs – Ep. 144 Read More »
The big story of the day was the pullback in the price of gold Gold was above $1260 last week; it pulled back a little bit on Friday, but the real damage happened overnight on Monday, while we were celebrating Presidents’ Day At one point gold was down almost $50; trading even below $1190 When
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Goldman Sachs Sacks Gold – Ep. 143 Read More »
Big day in gold today; gold broke over $1200 for the first time in almost over a year, in fact we hit a new 1-year high I saw gold trading above 1260 at one point in the morning, that was up better than $60 on the ounce; It closed up 49.10, I believe at $124.90
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Janet Yellen Channels Scott Nations – Ep. 142 Read More »
Janet Yellen was up on the Hill today for the first of her two-day testimony before Congress Remember I said the only way that Janet Yellen could stop the market from falling is to admit that the Fed will alter its 4-rate-hike trajectory for 2016, and she didn’t do that As a result, the stock
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Yellen Throws Sinking Market an Anchor – Ep. 141 Read More »
It was another volatile day in the U.S. stock market, with the Dow swinging from positive to negative to positive to finally closing negative, but well off the lows and the highs of the day The NASDAQ was only down about 15; the Dow down about 12 points The real action was in the currency
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Scott Nations Claims Peter Schiff Was Never Right – Ep. 140 Read More »
