Peter's Blog

The Real Jobs Report Way Worse Than Headlines Suggests

The headlines keep telling us the US has a robust job market, but a deeper dive into the data tells a much different story.

Ask Mike Anything: SchiffGold Friday Gold Wrap Jan. 6, 2023

You have questions. Friday Gold Wrap host Mike Maharrey has answers. In this episode of the podcast, Mike answers questions submitted by listeners. He covers topics ranging from the American Silver Eagle shortage to the best states for sound money.

Trade Deficit Falls Due to Weak Consumer

The November Trade Deficit saw the first contraction in four months and actually fell to the lowest level since October 2020. This was primarily driven by a collapse in Imported Goods as shown below.

Missouri Bill Would Take Steps Toward Treating Gold and Silver as Money

A bill introduced in the Missouri Senate for the 2023 legislative session would take important steps toward treating gold and silver as money instead of as commodities and would set the stage for currency competition in the Show-Me State.

A Bet on Bitcoin is Gambling on the Whales

Key Takeaways The price of Bitcoin has been suspiciously stable following the epic collapse of FTX less than 2 months ago The whales are defending the Bitcoin price at $16,000 waiting for interest to flood back into Bitcoin It’s hard to imagine a bigger hype train than 2021 which means Bitcoin may not make a […]

Counterparty Risk and How to Minimize It

One of the benefits of owning physical gold and silver is there is no counterparty risk.

Have You Broken That New Year’s Resolution Yet?

We’re just a few days into the new year. How are resolutions going? Mine are going fantastic! I didn’t make any.

Managed Money Ends 2022 on Bullish Note

Please note: the CoTs report was published 12/30/2022 for the period ending 12/27/2022. “Managed Money” and “Hedge Funds” are used interchangeably. Gold finished the year on a strong note, with Managed Money reaching a net-long position of 50k. This is the largest net long position for Managed Money going back to June 2022.

The Fed has Missed the Balance Sheet Mortgage Back Security Reduction Target Reduction Every Single Month

The Fed has a targeted balance sheet reduction of $95B a month. After reaching and exceeding this target last month, the Fed is back to undershooting. This should not come as a surprise given the turmoil in the bond market this year and the lack of liquidity.

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.