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Tag Archives: Trade War

Partying Like It’s 2007: SchiffGold Friday Gold Wrap 08.17.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.The world is partying like it’s 2007. The stock market keeps going up. There is economic optimism as far as the eye can see. It feels a lot like it did right before the 2008 crash. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey talks about some of the things going on in the...

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Beware of the Bear

The bulls are running down Wall Street, but are bears lurking just around the corner? The mainstream doesn’t think so, but Peter Schiff does.The Dow Jones climbed nearly 400 points Thursday after the Chinese announced a willingness to resume trade talks with the United States. No agenda was set, but the mere prospect of progress injected a shot of optimism in the market. Walmart also helped drive the surge, rising 10% after it beat earnings expectations.In his most recent podcast, Peter...

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Drowning in Debt: SchiffGold Friday Gold Wrap 08.10.18

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.America is drowning in debt. Federal debt. Individual debt. Corporate debt. So what do the latest numbers on debt tell us? Nothing good. Friday Gold Wrap host Mike Maharrey looks at recently released consumer debt data and puts it in some economic context. He also talks about inflation and how the...

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Peter Schiff on the Collective Delusion Among Investors Around the World

Peter Schiff appeared on RT America recently to talk gold.The host noted the decline in the price of the yellow metal over the last few months and asked Peter if he thought it was because of the Fed’s interest rate hikes. Peter said, “No.” He said he thinks it has more to do with the “collective delusion among investors around the world.”I think it’s because of the collective delusion among investors around the world that the US economy is actually booming when it’s not,...

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Three Macro Trends that Look Good for Gold in the Second Half of 2018

Gold got off to a roaring start in 2018, with the price rising more than 4% during the first quarter. But the yellow metal finished June down the same amount and has continued to fall during July. Despite the weakness in gold over the last couple of months, the World Gold Council says several factors provide some optimism for the rest of the year. In its mid-year outlook report, the WGC pinpointed three primary macro trends that will likely boost gold in the coming months Positive but...

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Three Reasons Gold Will Rise from Its Slumber

The price of gold has languished in recent weeks. After falling below $1,300 in May, the yellow metal has hit 2018 lows this month. Dollar strength along with the anticipation of further Federal Reserve rate hikes have bolstered the dollar and weighed on gold.Peter Schiff has been saying this dollar strength is merely an upward correction in a bear market. Peter’s not alone in this view. Some mainstream analysts have even acknowledged the dollar surge is likely temporary.So what about the...

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Trump’s First 18 Months: The Good the Bad and the Ugly

Dan Kurz runs the DK Analytics website where he posts detailed breakdowns of complex economic issues. We recently interviewed Dan as part of our It’s Your Dime Series.  In his most recent post, Dan used his analytical skills to break down the first 18 months of the Trump administration.Dan finds a little good, a little bad and even some ugly in the first year-and-a-half of Trump’s term. Dan likes the fact that the president has called out fake news, the fact that he seems to be pushing...

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Peter Schiff Digs Down to the Root Cause of the Trade Deficit Problem

In last Friday’s podcast, Peter Schiff talked about the potential impact of the trade war, arguing it could prick the US bubble economy. As a follow-up, in his latest podcast, Peter talked more about why a trade war could be worse for the US economy than most pundits seem to think, and he dug down to the root cause of the trade deficit.The bottom line is slapping tariffs on Chinese imports isn’t going to solve the problem.The Trump administration raised the stakes in the...

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Peter Schiff: Could the Trade War Prick the Bubble Economy?

There was a lot of trade war talk at the end of last week. In fact, on Friday, some pundits said the trade war officially began. Last Thursday, President Trump said the US may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods, and a round of tariffs went into effect. The United States began collecting tariffs on $34 billion in Chinese goods. China implemented additional tariffs on some import products from the United States immediately after US tariffs...

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Not Everybody in the Mainstream Is Bullish on the Dollar; Some Analysts Like Gold

The price of gold hit six-month lows in recent days, primarily driven down by a surging dollar. Peter Schiff has been saying investors shouldn’t get too caught up in greenback hoopla. This is likely an upside correction in a dollar bear market. As it turns out, Peter is not alone in this assessment. At least a few mainstream analysts agree, and they see gold rallying by the end of the year, according to .Currency strategist Luc Luyet of Pictet Wealth Management told sees gold climbing to...

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