Peter's Blog

Did Platinum Just Break the Comex?

This analysis typically starts with gold, but the activity in platinum is a major event that should not be overlooked. See the article What is the Comex? for a bit of backstory.

The Fed Can’t Win: SchiffGold Friday Gold Wrap Dec. 30, 2022

The Federal Reserve is trying to win a war against price inflation without tipping the economy into a recession. In this episode of the Friday Gold Wrap, host Mike Maharrey highlights two more reasons this is a game the Fed can’t win. He also does a quick overview of the gold market in 2022 as […]

Doug Casey: 2023 Will Be the Year for Gold

Peter Schiff recently said he is very bullish on gold in the year ahead. Obviously, I’ve been bullish for a while. But I’m even more bullish now to the extent that’s possible, based on what’s been happening.” Peter is not alone. Doug Casey also thinks 2023 will be “the year for gold.”

Slow Pace of Balance Sheet Reduction Calls Into Question Fed’s Commitment to Inflation Fight

Most people have focused on Federal Reserve interest rate cuts as it battles price inflation. But there is another element in the inflation fight most people ignore – balance sheet reduction. It isn’t going well.

Money Supply Growth Continues Massive Divergence from History

The 13-week annualized non-seasonally adjusted money supply growth rate is crashing at a time when it typically moves up. The market is becoming increasingly more vulnerable to a major event in the weeks or months ahead. Let’s take a look at the data…

The Cost of Easy Money Is Now Coming Due

Since 2008, we have been in an era of unprecedented money printing and interest rate suppression. Now the cost of all of that easy money is coming due.

Fed’s Favorite Price Inflation Measure Comes in Slightly Hotter Than Expected

The Federal Reserve’s favorite inflation indicator came in slightly higher than expected for November. This is another indication that while price inflation appears to be easing some, the data indicates it is far from whipped.

Big Spending Bill Is a Big Problem for the Fed’s Inflation Fight

Just before Christmas, Congress passed a massive omnibus spending bill. This is yet another blow to the Federal Reserve’s feckless fight against inflation.

Peter Schiff: I’m Even More Bullish on Gold Now!

Peter Schiff recently appeared on Kitco News and chatted with anchor David Lin. Peter gave his outlook for inflation, stocks, and gold in 2023. Peter said we had better get prepared for an inflationary depression. He also emphasized that he is very bullish on gold in the year ahead.

Gold and Silver are Setting up for a Strong Advance in 2023

While the price analysis last month was very neutral, the data this month points to a bit more positive momentum in the gold and silver markets. Last month I highlighted that gold was trapped between long-term support and resistance.