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Tag Archives: Trade War

Peter Schiff: This Is an Inflation-Driven Bubble

The spread of coronavirus in China has made markets jittery. Stocks have gone into a slide and gold has pushed up on safe-haven buying. Last week, Peter Schiff appeared on to talk about it. He said that 2020 may well be a bad year for the stock market, but probably not because of the virus. The real problem is markets are overvalued and the air will eventually come out of the bubble.Look, obviously, it’s too early to tell if there’ll be any kind of impact or meaningful...

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Deal or No Deal? SchiffGold Friday Gold Wrap Jan. 17, 2020

Donald Trump and Chinese Vice Premier Liu inked their signatures on the Phase 1 trade deal this week. But was it really a big deal? Or was it no deal? Mike Maharrey talks about it on this week’s Friday Gold Wrap podcast. He also talks about why the gold market seems to be holding steady despite some strong headwinds and the outlook for the yellow metal in 2020.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful...

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Five Reasons to Be Bullish on Gold in 2019

Gold has rallied through the last weeks of 2019 and has pushed back above the $1,500 per ounce mark. The yellow metal is on pace to finish the year up close to 18%. And there is a lot of optimism that gold will continue to shine in 2020.As we look ahead to the new year, here are five reasons gold may well skyrocket in 2020.This bullish sentiment for gold comes from an interesting source – CCN.com – a Norwegian news site that focuses primarily on cryptocurrency news.1. Gold is set to break...

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Top 5 Precious Metals Stories of 2019: SchiffGold Friday Gold Wrap Dec. 27, 2019

Gold is finishing up 2019 with a bang, pushing back above the psychologically significant $1,500 per ounce this week. Although there are a few trading days left, gold appears set to end the year with a better than 17% gain. In the last Friday Gold Wrap podcast of 2019, host Mike Maharrey takes us through a quick overview of what he considers to be the five biggest stories of the year driving precious metals.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s...

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Peter Schiff: This Is Not a Real Deal

We have a trade deal!Or do we?We still don’t have all of the details of the so-called phase 1 deal. From what we know, it appears to be rather limited in scope. The US offered to suspend some tariffs on Chinese goods and cut others up to 50% in exchange for Beijing buying more American farm goods and opening up to US financial firms.During a recent podcast, Peter Schiff said one thing we know for sure: this isn’t the resolution to the trade war. He called it more of a “truce.”[embedded...

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Color Me Skeptical: SchiffGold Friday Gold Wrap Dec. 13, 2019

We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week’s news played tug-o-war with gold. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks it all down and says there’s a lot to be skeptical about, both with the trade deal and the rhetoric coming out of the Fed.The SchiffGold Friday Gold Wrap podcast combines a...

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Peter Schiff: Will the Grinch Steal Wall Street’s Santa Claus Rally?

The Dow Jones was down over 280 points yesterday, marking the third straight day of declines. Sudden pessimism about a trade deal has tanked stocks. In his latest podcast, Peter Schiff talked about it.Typically, December is a strong month for stocks with the so-called “Santa Claus rally.” Peter said maybe the Grinch is going to steal that rally this year.Peter noted that one of the reasons the stock market is up so much in 2019 is because last December was the worst...

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Peter Schiff: This House of Cards Will Come Crashing Down on Consumers

Stocks closed out November on a high note with the hope of a trade deal fueling Wall Street. But is this warranted? And are consumers really doing a well as the mainstream would have us believe? Peter Schiff appeared on last week to talk about it. He said it’s all a house of cards and it’s going to come crashing down on American consumers.Peter started out the interview talking about Hong Kong. The territory became a focal point in trade talks between the US and China after President...

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U.S. Data Continues To Disappoint…

A Pfennig For Your Thoughts December 3, 2019 * Currencies & metals rally on Monday* Waiting for a short squeeze in Gold? Good Day… And a Tom Terrific Tuesday to you! Well, have you recovered from your Thanksgiving weekend, of… maybe travel, eating, celebrating, etc.? I had forgotten last night, that the Blues were playing the Blackhawks… But remembered just in time to turn the game on, only to see the first goal of the game… I can’t remember a Blues/ Blackhawks hockey game with very...

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Delicious Irony from the Fed: SchiffGold Friday Gold Wrap Nov. 29, 2019

Stock markets hit new highs again this week. If you believe the headlines, the bullishness on Wall Street is mostly a function of trade deal optimism. But there’s another factor driving stocks higher – easy money courtesy of Federal Reserve (not) quantitative easing. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the impact QE4 is having on the markets and some delicious irony courtesy of a paper published by the central bank that admits its own policy might just...

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