June 2019

See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Recorded June 28, 2019 Dow Jones Had Best June Since 1938 U.S. stocks finished a down week on an up note, but the gains were not that large today. But of course, they were very big for the

See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Gold: Six-Year High Overnight Overnight the price of gold rose to a six-year high.  We almost got to $1440.  I think the high I saw was maybe $1438 – 39… we were up about $19 at the high

Recorded June 21, 2019 See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF S&P Record High: Why? U.S. stock market averages finished an up week on a down note. In fact, the S&P 500, before closing negative on the day made a new all-time record high. The

Visit me at the Benzinga Trading Conference, NYC tomorrow Fed Tweaking Language to Officially Adopt Easing Bias Keeping with its tradition of having a tendency to act incrementally, the Federal Reserve Open Market Committee today announced that it was leaving interest rates unchanged – which was the consensus. There was an 80% probability that the

Recorded June 14, 2019 Gold: Up Today When I recorded my podcast last Friday, I speculated that the price of gold might gap up the following Monday above $1350/oz., but that didn’t happen because over the weekend Donald Trump managed to tweet out a face-saving way in which to not impose the tariffs on Mexican

Recorded June 10, 2019 Tariffs Off, Gold Gapped Down On Friday’s podcast, I speculated that potentially we could see a gap up in the price of gold, gapping above the $1350 resistance level that has capped every gold rally for the past 6 years.  But gold actually gapped in the other direction.  It gapped down

Recorded June 7, 2019 Dow Finished the Week with a 4.7% Gain The Dow Jones soared 263 points today, although at one point the index was up better than 350 points. But it managed to finish the week with a 4.7% gain. That is the best showing for the Dow Jones Industrials in 6 months

Recorded June 5, 2019 Volatility Led by NASDAQ There’s been a lot of volatility in the stock market since I recorded my last podcast on Friday.  In fact, on Monday, the tech stocks in particular got beaten up.  The NASDAQ dropped by better than 150 points, led lower by the so-called FANG stocks (Facebook, Amazon,