Thursday, June 27, 2013

The Fed's Next Big Definitive Announcement Will Be An Increase In QE Rather Than A Diminishment

"Rather than focus on the long term, the Fed is guided by the short-term realization that any significant withdrawal of support will cause a steep sell off on Wall Street, a spike in interest rates and an end to the reflating housing bubble. They are not prepared to tolerate any of these outcomes ... I believe that the Fed's next big definitive announcement will be an increase in QE rather than a diminishment." - in Newsmax  Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrials ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)


Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Monday, June 24, 2013

Wall Street Is Engaged In Spirited Debate

"Rising stock prices have combined with rising real estate prices to convince many that the economy is recovering. As a result, Wall Street is engaged in spirited debate about when the Fed will begin bringing the current era of permanent quantitative easing to an end (forgetting for now that both markets have shown their deep dependence on QE). Most agree that the QE will eventually create an economy able to stand on its own, but there is disagreement on how long it will take. The "bullish" end of the spectrum is predicting that the Fed may begin to take its foot off the accelerator by the fourth quarter of this year. The "bears" feel that sluggish data will compel the Fed to keep pouring the money on throughout 2014. They don't understand that QE is the economy, and that any attempt to exit will be met by difficulty. The rising home prices and stock gains over the last few years are likely to vanish if the punch bowl is removed." - an excerpt from the The Global Economic Realignment

Related ETFs: Financial Select Sector SPDR (XLF), SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY), SPDR Gold Trust ETF (GLD)



Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Wednesday, June 19, 2013

The U.S. Economy Is Going Back Into Recession

"The U.S. economy is going back into recession. The phony recovery that the Federal Reserve has created is evaporating before their eyes." - in CNBC

Related ETFs: SPDR Dow Jones Industrial Average ETF (DIA), SPDR SP 500 Index ETF (SPY)

Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Monday, June 17, 2013

Gold: People Who Are Selling Gold Now Are Going To Have A Problem Buying It Back Later


Gold is on track to post its largest quarterly loss on record. Peter Schiff, Euro Pacific Capital CEO, thinks people who are selling gold now are going to have a problem buying it back later; and Michael Vogelzang, Boston Advisors, thinks gold is getting a bit oversold.
Related ETFs: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV)


Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Wednesday, June 12, 2013

Gold: The Parallel Between The 1970s And The Current Period

"The parallel between the 1970s and the current period are even more striking when you look closely at the numbers. For example, from 1971 to 1974 gold prices rose by 458% from $35 to $195.25, which was then followed by a two-year correction of nearly 50%. This reduced total gains to just under 200%. The current bull market that began back in 2000 took a bit longer to evolve, but the percentage gains are very similar. (We should allow for a more compressed time frame in the 1970s because of the sudden untethering of gold after decades of restraint.) From its 1999 low to its 2011 peak, gold rose by about 650% from $253 to $1895 per ounce, followed by a two year correction of approximately 37%, down to around $1190 per ounce. The pullback has reduced the total rally to about 370%. The mainstream is saying now, as they did then, that the pullback has invalidated fears that rising U. S. budget deficits, overly accommodative monetary policy, and a weakening economy will combine to bring down the dollar and ignite inflation. But 1976 was not the end of the game. In all likelihood, 2013 will not be either." - in Street Insider  Related stocks and ETFs: SPDR Gold Trust ETF (GLD), Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM), Freeport-McMoRan Copper and Gold Inc. (FCX)


Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

Monday, June 10, 2013

The Japanese Government Could Quickly Become Insolvent

"The Japanese government could quickly become insolvent. If rates on the 10-year debt were to ever match the 2 percent of their inflation target, more than half of total tax revenue would be needed to service debt payments." - in CNBC

Peter David Schiff is an investment broker, author and CEO of Euro Pacific Capital Inc. Schiff is known for his bearish views on the US economy and US dollar, and his bullish views on commodities, foreign stocks and foreign currencies

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