Peter's Blog

Comex Countdown: 1 Day to Go – March Delivery Could Set Records

As mentioned yesterday, daily updates into the March close are warranted given the extreme situation in the market. Today is First Position, which means the data tonight will give the first indication of March deliveries. Let’s get into it…

The Fed Pulls Back on Treasuries but Dives in on Mortgage-Backed Securities

Even with the taper, the Fed continues to expand its balance sheet. And it’s not tapering the purchase of mortgage-backed securities (MBS) nearly as fast as advertised.

Myth Busting! SchiffGold Friday Gold Wrap Feb. 25, 2022

You’ve probably heard people say inflation is being caused by “greedy corporations.”  They back up this increasingly popular narrative with tales of “excessive corporate profits.” In this episode of the Friday Gold Wrap, host Mike Maharrey busts this myth. He also talks about the wild ride in the gold and silver markets after Russia invaded […]

Comex Countdown: Two Days to Go as War Begins

Usually, I only do one Comex Countdown into the close, but… you know… a war just started. Throw on top the fact that the Comex has been flashing warning signs lately, and I think a daily update is warranted for the next three days. It’s very possible delivery volume is very robust which could put pressure […]

“Greedy” Corporations Are Causing Inflation! Or Are They?

Greedy corporations are causing inflation by jacking up prices and enjoying record profits. This has become an increasingly popular talking point on the political left. Elizabeth Warren has pushed this narrative hard. And it’s patently absurd.

Seasonal Adjustments – Did Money Supply Expand or Contract?

According to the seasonally adjusted data, M2 expanded by $245 billion in January. However, when looking at the raw, non-seasonally adjusted M2 data, the money supply contracted by $214 billion. That would be the largest contraction since Jan 2013. How do we parse out this data?

War on Cash Warning: Canada’s Major Banks Mysteriously Go Offline

What would you do if you went to the ATM and found that you couldn’t access the money in your bank account? Many Canadians recently suffered this unsettling experience. Customers of five major Canadian banks reported mysterious online banking outages last week after Canadian Prime Minister Justin Trudeau announced he was invoking emergency powers in […]

Peter Schiff: Sanctions on Russia Could Mean Even Higher Inflation for Americans

President Joe Biden has announced the first round of economic sanctions on Russia as tensions in Ukraine continue to mount. The sanctions came in response to an announcement by Russian President Vladimir Putin recognizing two breakaway republics in Ukraine and his decision to send troops into those regions. Sanctions are meant to punish Russia, but […]

Ron Paul: The Fed Is the Enemy of American Workers

Inflation is smoking hot. As measured by the consumer price index, the inflation rate is at 7.5%. And the cooked government CPI number understates inflation. Peter Schiff says the inflation tsunami is just getting started. The Fed is talking about an inflation fight, but it’s more likely to drive the US economy into a recession. […]

Peter Schiff: The Fed Inflation Fight Will Cause a Recession — And More Inflation

The markets seem to be anticipating a Fed inflation fight. They also seem to be realizing that this is going to cause a recession. But they still haven’t come to grips with the fact that this is not going to fix the inflation problem. In his podcast, Peter Schiff argues that the recession will actually […]