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Tag Archives: Federal Reserve

Peter Schiff: The Chart for Gold Looks Fantastic

Gold pushed above $,1800 last week, although it wasn’t able to hold that level through close on Friday. The yellow metal finished the week around $1,799 an ounce. But on his podcast Friday. Peter Schiff said there was nothing bearish about the yellow metal not holding $1,800 on a weekly basis. In fact, overall, the chart for gold looks fantastic.There’s really nothing that’s technically significant about $1,800. It’s just a round number that sounds good. And I think psychologically, having...

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$1,800 Gold!

Gold has pierced another significant level, pushing above $1,800 an ounce on Wednesday. That’s the highest spot price for gold since 2011.Breaking through $1,800 was a significant move for the yellow metal, but during his podcast earlier this week – before gold breached that level – Peter Schiff said he thinks gold has a long way to run up, and he explained why the dynamics are different now than the last time gold was above $1,800.The resurgence of coronavirus has led many areas of the...

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The Fed: The Engine that Powers the Most Powerful Government in History

The Federal Reserve serves as the engine that makes all of the US government’s unconstitutional spending possible. Without the Fed, the entire system would collapse.Just consider this: in March and April of this year, the Federal Reserve effectively monetized 100 percent of the new debt taken on by the U.S. government.What does this mean in practice?In simplest terms, it means the central bank is backstopping virtually all of the borrowing and spending.In March and April, the US Treasury...

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Ron Paul: The Fed Is Getting Desperate

Peter Schiff has called the Federal Reserve’s response to the economic “a monetary hail mary.” The central bank has printed trillions of dollars out of thin air through QE infinity, taking the Great Recession quantitative easing programs and putting them on steroids. And the Fed has gone beyond the “standard” extraordinary policy of the 2008 crisis, plunging its hands into the corporate bond market.Peter has argued that none of this is actually helping the economy. In fact, it’s hurting,...

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Gold’s Long Bull Run: SchiffGold Friday Gold Wrap Podcast July 3, 2020

Gold just finished Q2 at its highest level in over 8 years, wrapping up its best quarter since 2016. The Fed monetary policy in response to the coronavirus pandemic has put a strong tailwind behind gold. But as host Mike Maharrey details in this week’s Friday Gold Wrap podcast, gold has been on a bull run for quite some time – long before COVID-19 reared its ugly head. Why? And what might this tell us about what’s ahead?The SchiffGold Friday Gold Wrap podcast combines a succinct summary of...

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Gold Has Charted Gains for Seven Straight Quarters

Gold just had its best quarter since 2016 and finished at its highest level in over eight years. But Q2 2020 wasn’t an anomaly. Gold has charted gains for seven consecutive quarters.That represents the longest quarterly run of gains for the yellow metal since the 2008 financial crisis.Looking at the price chart, it’s clear gold actually began its bull run in the final quarter of 2015 as it became apparent the Fed wasn’t going to be able to quickly normalize rates or shrink its balance...

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Fed Minutes Show No Sign of Backing Off Monetary Hail Mary

Don’t expect the Federal Reserve to pull back on its monetary Hail Mary anytime soon.The central bank released the minutes from the June meeting yesterday. There were no big surprises, but they did reaffirm the Fed’s commitment to continuing its unprecedented monetary policy into the foreseeable future.And it truly is unprecedented. It’s not just zero percent interest rates and QE infinity. The Fed is buying everything but the kitchen sink. It’s now even become a player in the corporate...

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Gold Finishes Q2 at Highest Level in Over 8 Years

Q2 was one heck of a quarter for US stock markets. But in his podcast, Peter Schiff called it a “phony rally.” The real bull run to watch is gold.The Dow Jones just wrapped up its best quarter since 1987. The S&P 500, finished out its best three-month run since 1998 during the dot-com bubble. But as Peter pointed out, you have to put the big gains in perspective. Stocks were coming off an abysmal first quarter, and other than the NASDAQ, the major indexes remain negative on the...

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Citibank Joins Mainstream Gold Bulls Forecasting Record Prices

Citibank has joined other mainstream gold bulls calling for record gold prices.Citi raised its gold price forecast this week. It now projects a three-month price of $1,825 per ounce and for the yellow metal to head into record territory in 2021. Citi analysts expect gold to eclipse the $2,000 mark early next year. Citibank joins several other mainstream players that now project record gold prices in the coming months. Last week, we reported Goldman Sachs now forecasts record gold prices...

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If History Is Any Guide We Could See $4,000 Gold

If history is any guide, we could be heading toward $4,000 gold. This according to analysis by US Global CEO Frank Holmes.Holmes recently appeared on Kitco News and showed how the price of gold has historically correlated with the expansion of the Federal Reserve’s balance sheet. We’ve already seen the balance sheet balloon by over $3 trillion in response to the coronavirus pandemic and it currently stands at over $7 trillion. Holmes said he thinks the central bank will likely grow its...

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