June 2017

The Peter Schiff Podcast

Political Theater Trumps Economic Data – Ep. 255

Summary:  As an unexpected pro-labor vote in the U.K. weakened the pound and strengthened the dollar, the market reacted more to political news, abroad and at home.  The uncertain results of Comey’s testimony dampened concerns about the Trump Presidency. Prior to Comey’s testimony someone sold a huge amount of gold, causing gold to drop, although […]

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The Peter Schiff Podcast

Will Gold’s Breakout be the Pin that Pricks the Crypto Bubble? Ep. 254

Summary: Gold and gold stocks are moving to new highs as the dollar index continues its slide. Although some connect this move to market jitters over the outcome of the upcoming James Comey testimony, economic factors are a more likely the force behind the move.  Moves in gold stocks have been telegraphing gold prices more

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The Peter Schiff Podcast

Weak Data Further Undermines Fed’s Credibility – Ep. 253

Summary:  Today’s big miss in the Nonfarm Payroll report indicates further proof for the Fed that the Q1 weak economic data was not transitory.  Coupled with disappointing Labor Force Participation declines and increasing Trade Deficit numbers, the Fed will have no good news to justify a rate hike. All this news does not bode well

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