Peter's Blog

Gold Wins 2018 and Fatal Conceit: Friday Gold Wrap 1.4.19

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Peter Schiff: The Bubble Has Popped; The Economy Is Next (Video)

After the worst Christmas Eve in the history of the stock market, the Santa Clause rally came late. Markets bounced back in the short trading week after Christmas. The Dow started with a 1,000-plus point gain, then dropped nearly 600 points the next day, before rallying late to close in the green. The rally had […]

Pending Home Sales Tank in November

Pending home sales hit the lowest level in nearly five years in November, a sign that the US housing market will continue to get uglier in the near future. Not too long ago, we reported that the air was starting to come out of housing bubble 2.0. As just one example, home sales in California hit […]

Looking Back; Moving Ahead: Friday Gold Wrap 12.28.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Peter Schiff: It’s Not Just the Stock Market; It’s the Economy

There was no Santa Clause rally on Christmas Eve. Instead, US stock markets continued to tank. The Dow Jones dropped 653 points. The S&P 500 fell another 2.7% and officially entered into bear territory. It was the worst Christmas Eve’s on Wall Street in history. The Washington Post put it in stark terms. By the […]

Daddy Is Still Taking the Punch Bowl Away: Friday Gold Wrap 12.21.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

Nasdaq Officially Dips Into Bear Territory

The Nasdaq officially dipped into bear territory on Thursday. The tech-heavy index rallied off its interday lows to close just a rounding error away from official bear status — for now. The Nasdaq has lost nearly 20% of its value in just four months. Reuters called it “the latest sign that the bull market that […]

The Federal Reserve Just Stuck a Fork in the Stock Market

As expected, the Federal Reserve nudged interest rates up another 25 basis points to 2.5% during its December meeting this week. It also scaled back its projected hikes in 2019 from three to two. Peter Schiff said Jerome Powell and company just stuck a fork in the stock market.

Peter Schiff: This Isn’t Going to Be Your Garden-Variety Recession (Video)

The mainstream is starting to get a little bit nervous. As we reported yesterday, a CNBC interview with DoubleLine Capital founder Jeffrey Gundlach got the mainstream talking about the possibility of a bear market. There is also increasing concern about a looming recession. In a recent New York Times survey, almost half of the 134 CEOs […]

Peter Schiff: A December to Remember

This is shaping up to be a December to remember. Wall Street is on pace for its worst December since 1980.