April 2016

Friday April 29, 2016 was the final trading day for the month of April and I think this will turn out to be a pivotal month for the month of April and I will talk more about that later in this report I wanted start by talking about the Federal Reserve’s decision on Wednesday not […]

Earlier today the Federal Reserve Open Market Committee, (FOMC) began their 2-day meeting It concludes tomorrow and at 2:00 they will announce their decision on interest rates Nobody is anxiously awaiting that announcement Although there were plenty of fools a few months ago who actually believed the Federal Reserve would be raising interest rates, in

I recorded my last podcast on the afternoon of April 19, and I wanted to announce that later that evening, my first daughter was born – we named her Lilyan Ruth after both of our maternal grandmothers – so we now have Lilyan Ruth Schiff, she was 7 lbs 2 oz. of pure cuteness! If

Hi-Ho Silver! Seems to be the rallying cry for the day The last podcast I recorded I talked about the breakout in silver and I actually regretted the fact that I didn’t get a chance to talk about silver during my CNBC interview On my last podcast I mentioned how strong silver had been looking

This is another week of bad economic data that most people have ignored The stock market was up this week; the Dow closed up 1.8% on the year I don’t know if the Dow was rising in spite the bad news or because of it The bad news means the economy is weak and corporate

The dollar index traded below 94 for a good part of the day, but it did manage to close up at 94 even, down just .20 Gold was up another $19 Silver really shined brightly today, up .54, just below $16/oz. Mining stocks, of course, were on fire; GDX was up just under 6% on

Today is the Wisconsin Primary but Donald Trump has been getting a lot of flack in the media over the last couple of days about his comments about the U.S. economy, particularly in the financial media because Donald Trump has now predicted a “very massive recession” in the U.S. He didn’t just say a recession,

Well, it’s April Fool’s Day today and there certainly were a lot of fools out on Wall Street buying all the nonsense about the better than expected Non-Farm Payroll numbers Many of those fools were also fooled into thinking that these supposedly good jobs numbers puts a June rate hike back on the table In