Peter's Blog

Dollar’s TWI and Bond Yields Decline

Ahead of a possible challenge on the $2,000 level, gold consolidated recent rises this week, and silver held up well. This morning in European trade, gold was $1995, up $15 from last Friday’s close, and silver was $23.70, unchanged on the week. Comex volumes were healthy, despite the Thanksgiving holiday in the US.

An Economics Lesson from the Pilgrims: SchiffGold Friday Gold Wrap Nov. 24, 2023

Did you know Thanksgiving almost didn’t happen thanks to the Pilgrims’ experiment with socialism? It didn’t work. Fortunately, they figured out some economic truths and the rest is history. In this episode of the Friday Gold Wrap, host Mike Maharrey tells the Thanksgiving story you almost certainly didn’t hear in school. He also explains why […]

The Fat Lady Hasn’t Sung a Note: SchiffGold Friday Gold Wrap November 17, 2023

Everybody seems convinced that the Federal Reserve has won the inflation fight, there will be no more interest rate hikes, and rate cuts are right around the corner. But as Friday Gold Wrap host Mike Maharrey reminds us, it’s not over until the fat lady sings. And she hasn’t sung a note. In this episode, […]

Is Gold About to Take Off?

The technical position for gold is looking very positive for higher prices. But technical analysis should be backed by fundamentals. To a large extent, fundamentals are in the eye of the beholder, whose opinions in any situation can vary from positive to negative and everything in between. But even for the economic optimists, there are […]

Major Hedge Fund Turns to Gold

Greenlight Capital reported a major increase in its exposure to gold as the hedge fund’s founder worries about the direction of the markets. In a Q3 letter to investors, David Einhorn expressed concern about geopolitical uncertainty, the rising price of oil, and inflation.

Q&A With Peter Schiff

From time to time, Peter Schiff hosts Q&A sessions with premium subscribers to his podcast covering a wide range of investing and economic topics. In this video clip, Peter publicly answers eight questions on gold, silver, and general investment strategies.

Healthy Correction

This week, gold and silver extended their correction of October’s sharp rise. In European trade this morning, gold was $1953, down $24 from Last Friday, and silver was $22.54, down 66 cents. Comex volume in both contracts was moderate.

Playing Into Putin’s Hands – Again

The Great Game of Geopolitics faces a new challenge. The new hotspot is Israel and the Muslim Middle East. Ukraine is all but over, and the US is likely to abandon her to her fate — like Afghanistan. We shall have to see how both will play out. Meanwhile, energy prices are set to keep […]

The Road to Prosperity Is Paved With Credit Cards? SchiffGold Friday Gold Wrap Nov. 10, 2023

Mainstream pundits and government officials keep talking about the strong economy and resilient consumers while ignoring what’s driving them – borrowing. To listen to them, you would think the road to prosperity is paved with credit cards. In this episode of the Friday Gold Wrap host Mike Maharrey breaks down the recent household debt data […]

Central Bank Gold Buying Continued Unabated in September

Central banks continued to gobble up gold. Reported central bank gold reserves expanded by a net 77 tons in September with nine countries buying a ton or more.