Yesterday we got the government’s first estimate of Q2 GDP Of course all of the pundits were looking for a big rebound from the very week 1.1% growth that the government claimed was reported in Q1 In fact, the consensus range went from a low of 2.2% to as high as 3.4%, so a […]
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Collapsing U.S. GDP Growth Belies Rosey Forecasts Read More »
By: Peter Schiff, President and CEO Euro Pacific Capital Theodore Roosevelt’s famous mantra “speak softly and carry a big stick” suggested that the United States should seek to avoid creating controversies and expectations through loose or rash pronouncements, but be prepared to act decisively, with the most powerful weaponry, when the time came. More than
Speak Loudly And Carry No Stick Read More »
Today the Federal Reserve concluded its 2-day FOMC meeting and it announced – surprise, surprise – that interest rates are not going up But of course the statement was much more important than their actions because these days, it doesn’t matter what the Fed does; all that matters is what they say they’re going to
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FOMC Upstaged By DNC – Ep. 183 Read More »
It’s official. The unthinkable, according to the status quo earlier in the campaign, Donald Trump is the Republican Nominee Although many wrote him off as a candidate, I never did; I always said he was being underestimated I believed his message would resonate given how horrible the economy actually is and what is really happening
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Playing The Trump Card – Ep. 182 Read More »
I was in Las Vegas for the Freedom Fest and following that I went to Vancouver for a one-day gold conference One of the things I wanted to discuss was some discussion about me on the www.kitco.com website and I think it was prompted by my itnterview with kitco, which you can see on my
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One Quarter-Point Rate Hike Does Not Make Me Wrong – Ep. 181 Read More »
I’m sitting with Josh Crumb, the co-founder of a company that was originally called BitGold but following the acquisition of James Turk’s GoldMoney they rebranded their company as GoldMoney I agree with that decision because I think GoldMoney is more descriptive of what they are really doing with gold, than is BitGold But the reason
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SchiffGold Joint Venture With GoldMoney Read More »
Today we got the Non-Farm Payroll report for the month of June Remember the last 2 reports were quite weak and everybody was hoping for a rebound in June to prove that April and May were a fluke and not a new trend In fact the Fed talked about that in their last FOMC meeting
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Market Reaction To Jobs Report Confirms My Hypothesis – Ep. 180 Read More »
Gold and silver prices continue to march higher Gold was up another $7 today; it closed at $1363.20 – that is the high for the year Silver was up .15 at $20.06 Silver is now going up relative to the price of gold which is very for the precious metals complex Gold stocks are on
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Fed Minutes Reveal The Easing Cycle Has Already Begun – Ep. 179 Read More »
I wish everybody a happy July 4th weekend; U.S. markets will be closed It’s unfortunate that we can’t really celebrate all the traditions that we’re supposed to be honoring were lost generations ago The values our founding fathers risked their lives for have all been lost I wanted to comment on what is going on
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Why Buy Bonds When You Can Buy Gold? – Ep. 178 Read More »
