Peter's Blog

COMEX: Silver Registered Ratio Falls to 11.1% – Lowest in 22 Years

The drainage of silver from Comex vaults since the start of the year has been nothing short of spectacular. This analysis focuses on gold and silver within the Comex/CME futures exchange. See the article What is the Comex? for more detail. The charts and tables below specifically analyze the physical stock/inventory data at the Comex to show […]

Keep Your Eye on the Ball: SchiffGold Friday Gold Wrap Dec. 16, 2022

It’s easy to get caught up in the day-to-day gyrations of the market, pronouncements of certain government or central bank officials, and the most recent data dump. So, it’s important to keep your eye on the ball. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the latest inflation data […]

Are Digital Dollars a Move Toward Monetary Totalitarianism?

Last month, the New York Fed launched a pilot program for a “digital dollar.” Could this be the first step toward monetary totalitarianism?

The Fed Hikes Rates to Highest Level Since 2007; That’s a Big Problem

As expected, the Federal Reserve raised interest rates by 50 basis points at the December Federal Open Market Committee (FOMC) meeting. That pushed the federal funds rate to 4.5%. The last time rates were this high was in 2007. That’s bad news for an economy addicted to easy money. While the pace of rate hikes […]

CPI: History Suggests the Inflation Fight Might Just be Starting

Before digging into history, let’s look at the recent data. The latest seasonally adjusted inflation rate for November came in at 0.08%. The YoY rate was 7.17%, below median forecast of 7.3%.

President Biden Misrepresenting Wage Gains

President Joe Biden claims wages are rising faster than prices. It might be unfair to say he’s lying, but he’s certainly misrepresenting the facts. The fact is price inflation continues to eat away at your wages.

CPI Cools But Inflation Far From Whipped

The Federal Reserve got just the news it needed to plausibly go forward with a soft pivot in its monetary policy and begin to slow its pace of rate hikes. But while price inflation appears to be retreating, it’s far from beat. The Consumer Price Index (CPI) for November came in lower than expected, according […]

Budget Deficit: Is the Surge In Tax Revenues Over?

The Federal Government ran a deficit of $249 billion in November. This is the highest monthly deficit since July 2021 if you ignore the one-time student loan forgiveness-driven deficit in September.

Why Are the Markets Obsessed With a Fed Pivot?

Will the Federal Reserve pivot? That’s the question on everybody’s mind. But why does it matter so much?

US Government Runs Another Massive Budget Deficit; This Is Bad News for the Fed Inflation Fight

The US government ran a massive $248.5 billion deficit in November, according to the latest Monthly Treasury Statement. There was only one month in fiscal 2022 with a bigger budget shortfall. This is bad news for the Federal Reserve as it tries to raise interest rates and shrink its balance sheet to fight price inflation.