Posts Tagged ‘Peter Schiff’
Update: Stocks and Silver
There were two big market movers last week. Stocks and silver both advanced between 3% and 4% on the week. As far as stocks are concerned, the downtrend line that has been in place since January of 2022 has now been broken to the upside, as noted on the weekly chart of an…
Read MoreAre Currency Changes Imminent? – Part 2
The big news in financial markets last week was the big decline in US Treasuries. Not surprising given the news I discussed last week; Russia has now loosely tied its currency, the Ruble, to gold and required any country that Russia deems to be unfriendly to use Rubles or gold when trading with Russia.…
Read MoreThe Current Level of Money Creation is Unsustainable
This week, I want to focus once again on proposed money changes being discussed and implemented around the world. I will preface this discussion by once again stating the obvious – the current level of money creation is completely unsustainable. History teaches us that money printing always ends badly and the end of the cycle…
Read MoreBailout or Not: Many States and Cities Are In Trouble
As I suggested might happen on my “Portfolio Watch” live webinar last week, both gold and silver pulled back after big, parabolic moves up. It would not be unusual to see the pullback continue for a bit or to see these markets consolidate. From a fundamental perspective, I remain bullish on precious metals. By my…
Read MoreEconomic Recovery and the Possible Future of Money
This past week, I had many conversations with clients and other financial professionals about where the economy goes from here. There is no shortage of strong opinions about the current economic environment brought about by the restraints placed on the economy with the stated goal of protecting public health. I’m sure you have your opinion…
Read MoreMy Interpretation of the Dow to Gold Ratio – Why Stocks Have More Downside and Why Gold Has More Upside
Stocks rebounded again last week as metals retreated slightly. The Dow to Gold ratio now stands at 17.78. For those of you unfamiliar with the Dow to Gold ratio indicator, it is calculated by taking the price of the Dow Jones Industrial Average and dividing by the price of gold per ounce. The Dow began…
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