Peter's Blog

Thompson Reuters GFMS Outlook: Gold Above $1,400 in 2018

Analysts at Thomson Reuters expect the price of gold to push back over $1,300 and then continue to rise above $1,400 through next year, primarily driven by overvalued stock markets, according to the GFMS Gold Survey 2017 Q3 Update and Outlook.

Two-Thirds of Top Silver Miners Suffering Significant Production Declines

The world silver market may be on the verge of a major supply crunch. Two-thirds of the top silver miners have suffered significant production decreases in 2017, according to information released by World Metal Statistics. Through the first eight months of this year, silver production in Chile has dropped 20%. Australian production has fallen by […]

Stock Market Bubble Floating on Currents of “Irrational Exuberance”

Last week, Peter Schiff did an interview on The Street and talked about the US stock market, saying, “Well, the bubble keeps getting bigger.” We’ve been talking about this ballooning bubble for months. After a while, it’s easy to blow us off as pessimistic contrarians who just don’t get it. But amazingly, large numbers of […]

Living in the Shadow of a Volcano: The US National Debt in Perspective

Every once in a while, a mainstream news outlet publishes a piece about the national debt. Here and there, politicians trot out the surging debt as a talking point to make some political hay. Now and then, an economist will wave the red flag. But by-and-large, the national debt just kind of looms over us. […]

Gold Continues to Flow into ETFs with European Funds Leading the Way

After surging in August and September, inflows of gold into gold-backed ETFs flattened, but remained in positive territory in October. Global gold-backed ETF funds added 3.3 tons of gold last month, as inflows into European funds offset outflows in North America. according to the latest report by the World Gold Council. 

Optimistic Signs in Indian Gold Market Despite Q3 Demand Drop

If you saw the headlines last week, you know overall global gold demand fell steeply in the third quarter of this year. But as we reported, there was a lot of good news for gold buried beneath the gloomy headlines. Slumping Q3 gold demand in India was a big driver in the overall global decline, but […]

Technology Sector Has a Growing Appetite for Gold; Demand Up 3%

The amount of gold used in the technology sector grew for the fourth consecutive quarter, according to the latest demand report by the World Gold Council. Tech industries consumed 67.3 tons of gold in Q3, a 3% increase year-on-year. Demand for memory chips served as a primary driver for increased industrial gold consumption.

New Boss Same as the Old Boss: Powell Is Closer to Schumer than Trump

Jerome Powell will take the reins of the Federal Reserve next year. After all the speculation about big changes at the Fed with Trump in the White House, it appears the new boss is pretty much the same as the old boss. So much for draining the swamp. Powell is a swamp creature. As Peter […]

Looking Beyond the Headlines: Demand for Physical Gold Is Healthy

If you’ve perused the mainstream headlines today, you’ve probably read that overall gold demand fell to an 8-year low last quarter. This was primarily due to a steep drop in inflows into gold ETFs compared to last year, and sagging jewelry demand in India after the implementation of a new tax scheme. But despite the […]

Deficits Could Undercut Benefit of Tax Cuts

During a recent interview with Investing News Network, Peter Schiff reiterated something he’s been saying for the last several months. The stock market is still a big, fat, ugly bubble, and misplaced optimism continues to blow it up. [Pres Trump has] accomplished blowing more air into a stock market bubble that already existed before he […]