Peter's Blog

Federal Reserve Hot Air Pumped Up a Stock Market Bubble; 93% of Gains Due to Monetary Policy

The mainstream financial media is like a stopped clock. Every once in a while, it stumbles into being right. Last week, we had a veteran trader on CNBC Futures Now telling everybody to buy gold as long as central banks continue their expansionary monetary policy, all the while swearing he isn’t a “gold-bug.” This week, […]

The Economic Recovery: A Myth Built Upon a Myth

No matter how much data you point to showing the health of the US economy isn’t as good as advertised, you will inevitably hear the refrain, “But look at the jobs numbers!” Just the other day, Peter Schiff appeared on Fox Business and said the US economy is likely already in recession. Peter repeated his […]

Supply and Demand Fundamentals Drive Gold Rally

Shaky economic news, negative interest rates, and stock market turmoil have helped drive the recent gold rally, but an even more fundamental principle underlies the yellow metal’s surge – simple supply and demand. As a recent CNBC report put it: Consumers are lapping up gold at a time supply is declining, helping underpin a rally […]

Japanese Gold Buying Spree Confirms Negative Interest Rates Good for Gold

Over the last several weeks, we’ve been building the case that negative interest rates are good for gold, and mainstream analysts have echoed our thoughts. Last week, Britain’s largest bank, HSBC, issued a statement saying the longer the world’s central banks continue to experiment with negative interest rates, the better the outlook for gold. James […]

Growing Market Deficit and Other Silver News

The Silver Institute has released its latest issue of Silver News. This edition spotlights a growing silver market deficit that is expected to widen further in 2016 due to increased demand and shrinking supply. The silver market deficit (total supply less total demand) is expected to widen in 2016, drawing down on above-ground stocks. The […]

Silver Could Be Poised to Come Out of the Shadows

While there’s been a lot of attention focused on gold over the last few months, silver has remained in the shadows. The white metal has lagged a bit behind as the gold market turned bullish over the last few months. But there are some good reasons to take a close look at silver. According to […]

Jobs Numbers Point in Same Direction as Other Economic Data – Toward Trouble

No matter what kind of negative economic data comes out, President Obama, central bankers, and media analysts gloss over it and point to the “great” jobs numbers as evidence the US economy is doing well. But in reality, it’s all smoke and mirrors. Last Friday, the media reported “better than expected” labor numbers with more […]

More Paper Than Gold: Issuance of ETF Shares Suspended Due to Surging Metal Demand

The world’s largest asset manager has temporarily suspended the creation of new shares of its gold ETF due to the demand for physical gold. BlackRock announced it would temporarily stop issuing new shares of Gold Trust (IAU) on Friday: Since the start of 2016, in response to global macroeconomic conditions, demand for gold and for […]

Jim Rogers Says 100% Probability US Is Heading for Recession; Data Backs Him Up

Media and government officials keep telling us the economy looks great, but a peek behind the curtain tells a different story. Some people do see the writing on the wall. Peter Schiff has been saying the US may well have already entered a recession. Last month, Jim Grant echoed Peter, saying the US economy likely […]

Mainstream Waking Up to Reality; Now Saying “Buy Gold”

Just a few months ago, mainstream analysts were calling gold a “barbaric relic.” Now all of a sudden, they are saying, “Buy gold!” Last Friday, Deutsche Bank issued a note asserting that with emerging economic risks and market turmoil, signs point in gold’s favor: There are rising stresses in the global financial system…Buying some gold […]