Peter's Blog

China-Brazil Trade Deal Ditches the Dollar

More bad news for the dollar. Last week, China and Brazil announced a trade deal in their own currencies, completely bypassing the dollar. This represents another small shift away from dollar dominance.

The Technicals for Gold: Yet Another Battle at $1800

Gold looked very strong through mid-November. Trends in September and October had been pointing to a breakout. The market delivered sending gold up through $1870. Unfortunately, hard resistance kept the bulls in check, despite repeated attempts to breakthrough. The previous price analysis presumed that a Brainard nomination at the Fed would be the catalyst needed to break through $1880. […]

Price Analysis Shows Bearish Indicators but Exhaustion May Be Near

One of the major technical indicators for investors is the 50 Day Moving Average (DMA) vs the 200 DMA. This analysis examines these moving averages for both gold and silver along with other technical indicators.

Peter Schiff: No, It’s Not Easy to Win a Trade War

It looks like Donald Trump is launching a full-blown trade war. Not to worry though. According to the president, a trade war is “easy to win.” When a country is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when […]

Trump’s China-Sanctions Madness Imperils the Dollar

Earlier this month, US Treasury Secretary Steven Mnuchin threatened China, saying the US would “put additional sanctions on them and prevent them from accessing the US and international dollar system” if they don’t go along with the most recent round of sanctions slapped on North Korea. We argued that the threat may be meaningful, but it also might […]