Peter's Blog

Silver on Rocket Fuel! SchiffGold Friday Gold Wrap Aug. 30, 2019

Gold has had a pretty solid month, but silver has been going up like it’s on rocket fuel. In this episode of the Friday Gold Wrap, host Mike Maharrey takes a close look at the silver market and what’s going on there. He talks a little trade war, saying that maybe we shouldn’t be talking […]

Peter Schiff: Trade Deals Won’t Fix the Economy

One day Trump is on Twitter ratcheting up the trade war with China and the next he is pulling back and saying a deal is close. This back-and-forth has been yo-yoing markets for months. Peter Schiff recently appeared on RT Boom Bust to talk about the trade war. He said he doesn’t think there’s much […]

Peter Schiff: Trump Loses It on Twitter

Donald Trump went on a Twitter rant Friday. In his latest podcast, Peter Schiff said the president basically “lost it.” There was a lot of news on Friday before Trump went off on Twitter. Jerome Powell gave his speech at Jackson Hole. He was generally upbeat about the economy. Then China announced additional tariffs on […]

Trump’s Strange Economic Tightrope: ShiffGold Friday Gold Wrap Aug. 23, 2019

This week has been relatively quiet in the markets. Gold has drifted up and down as traders wait to see what kind of message Fed Chair Jerome Powell will deliver during his Jackson Hole speech. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some tidbits of news and speculates about what […]

Peter Schiff: The Media Has Flipped the Narrative on Trump

Last week, the yield curve inverted, with the yield on the 10-year Treasury falling below the yield on the 2-year for the first time in 12 years. This has historically been a good predictor of recessions. US stock markets sold off on the news, with the Dow shedding 800 points. As Peter Schiff noted in […]

Peter Schiff: There’s No Way Out and It’s Political Disaster for Trump

Peter Schiff appeared on Fox Business After the Bell last week after the yield curve inverted and the Dow dove 800 points. Peter said the looming economic disaster for the US will turn into a political disaster for Pres. Trump. Peter started out the interview asserting that everything the Federal Reserve has done since the […]

Monetary Heroin: SchiffGold Friday Gold Wrap 04.19.19

Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed’s monetary heroin has fully taken hold. And it’s not just in the US. In this episode of the Friday Gold Wrap, host Mike […]

Peter Schiff: A Gift From the Federal Reserve

The Dow Jones closed out Q1 2019 with its best quarterly gain since 1998, rising 10.3% through the first three months of the year. And the Dow Jones wasn’t alone in its bang-up first quarter. The S&P 500 rose 12.3%. The Russell 2000 was up 13.8%. And the Nasdaq led the entire pack with a 15.6% […]

Fun on Friday: Did You Know There Are 31 Ongoing National Emergencies?

Well, if you’re any kind of news junkie, you probably know that the Senate voted this week to reject President Trump’s national emergency declaration. But fear ye not – there are plenty of other national emergencies on the table!

Peter Schiff: I Don’t Think I’ve Ever Seen People More Clueless

The February jobs report came in significantly below expectations. First quarter GDP estimates are way down. And we’re seeing other numbers that indicate a rotting economic foundation. But nobody is worried. In fact, most of the attention continues to be focused on the trade deal as if it is going to push the economy to […]