The Peter Schiff Show Podcast

  Tune in to my first live YouTube event Monday, July 15, 9pm Eastern time U.S. Call in and convince me that I'm wrong on bitcoin! More Market News after Powell's Congressional Testimony The markets have been pretty quiet over the last couple of days, so I really don't feel like spending a lot of time on today's podcast talking about the markets.  I probably will have more to say, maybe on Th...

See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using promo code SCHIFF Markets Up on Low Volume A lot of people on Wall Street probably took today off; after all yesterday was the Fourth of July, the market was closed.  On Wednesday they closed the markets early in preparation for the July Fourth holiday.  So when you have a Friday where the markets are...

Recorded July 2, 2019 See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Markets Worried About Slowing Domestic Economy If you just looked at the U.S. stock market averages, you would conclude that not much happened today, but you would be wrong. Even though the S&P and the Dow and the NASDAQ were only up about a quarter of a percent, o...

See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Recorded June 28, 2019 Dow Jones Had Best June Since 1938 U.S. stocks finished a down week on an up note, but the gains were not that large today. But of course, they were very big for the month of June. In fact, the Dow Jones just had its best June since 1938. That was during the Great Dep...

See Peter at the Las Vegas Freedom Fest – July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF Gold: Six-Year High Overnight Overnight the price of gold rose to a six-year high.  We almost got to $1440.  I think the high I saw was maybe $1438 - 39… we were up about $19 at the high point. Then it became a very volatile session overnight into the wee hours of the morning.  But I think...

Recorded June 21, 2019 See Peter at the Las Vegas Freedom Fest - July 17-20 https://www.freedomfest.com/ Save $50 using code SCHIFF S&P Record High: Why? U.S. stock market averages finished an up week on a down note. In fact, the S&P 500, before closing negative on the day made a new all-time record high. The S&P is the only major index that did make a new record high this week, in fac...

Visit me at the Benzinga Trading Conference, NYC tomorrow Fed Tweaking Language to Officially Adopt Easing Bias Keeping with its tradition of having a tendency to act incrementally, the Federal Reserve Open Market Committee today announced that it was leaving interest rates unchanged - which was the consensus. There was an 80% probability that the Fed would leave interest rates unchanged.  The oth...

Recorded June 14, 2019 Gold: Up Today When I recorded my podcast last Friday, I speculated that the price of gold might gap up the following Monday above $1350/oz., but that didn't happen because over the weekend Donald Trump managed to tweet out a face-saving way in which to not impose the tariffs on Mexican products that may have gone into effect on Monday.  The markets breathed a sigh of relief...

Recorded June 10, 2019 Tariffs Off, Gold Gapped Down On Friday's podcast, I speculated that potentially we could see a gap up in the price of gold, gapping above the $1350 resistance level that has capped every gold rally for the past 6 years.  But gold actually gapped in the other direction.  It gapped down about $13 and it was down all day - never filled that gap. Catalyst for Sell-off The catal...

Recorded June 7, 2019 Dow Finished the Week with a 4.7% Gain The Dow Jones soared 263 points today, although at one point the index was up better than 350 points. But it managed to finish the week with a 4.7% gain. That is the best showing for the Dow Jones Industrials in 6 months and in fact we snapped a six-week losing streak this week.  All of the major averages had positive weeks.  The NASDAQ...

Recorded June 5, 2019 Volatility Led by NASDAQ There's been a lot of volatility in the stock market since I recorded my last podcast on Friday.  In fact, on Monday, the tech stocks in particular got beaten up.  The NASDAQ dropped by better than 150 points, led lower by the so-called FANG stocks (Facebook, Amazon, Netflix, Google).  Google and Facebook, the biggest drop - I think it was something l...

Sell in May and Go Away U.S. stocks closed out the week and the month of May with heavy losses; the DJIA down 354.84 points.  Pretty much going out near the low of the day. That's a drop of 1.4%. NASDAQ also getting killed - 114.57 down - that was a 1.5% decline on the day.  The Russell 2000 continues to melt down.  That index falling 20 points - down 1.35% on the day.  But the biggest losses cont...

Recorded May 29, 2019 The End of the Bear Market Rally Back on May 1, when I did my podcast, I officially called for the end of the bear market rally that so many people had confused for a new bull market, and the impetus for that call was the Fed coming out and not living up to Wall Street's expectations for just how dovish the Fed was. Remember, the market was starting to factor in rate cuts, no...

Recorded May 22, 2019 Low Inflation is Transitory Today we got the release of the most recent minutes of the Federal Open Market Committee, and I guess it was a bit of a mixed bag for people who were looking for whether the Fed was going to be more hawkish or more dovish with respect to its next move on interest rates.  One thing that was revealed in the minutes that the governors still maintain,...

Don't miss the movie, "The Housing Bubble" premiering June 26, 2019 Back in Puerto Rico I am finally back in Puerto Rico, after having spent 8 long days in Las Vegas for both the SALT conference and The Las Vegas Money Show.  I really do enjoy coming back to Puerto Rico, I miss it quite a bit while I'm away.  A lot of people who are thinking about making the move to Puerto Rico to take advantage o...

VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/…/4532d84bf…/peter-schiff/ As Noted on My Last Podcast… As I suspected on Friday's podcast, the 400-point reversal that saw the Dow move from down 300 points + to up 100 points on the close was in fact, reversed today, and the Dow Jones actually closed below the Friday low, which is a huge negative, technic...

VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 – 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Recorded May 10, 2018 Why Escalate Trade War If Negotiations Are Going so Great? The U.S. stock markets finished off the worst week of the year with a gain despite the fact that, as expected, the trade talks between the United State...

See Peter at the SALT Conference at the Bellagio, Las Vegas May 7-10, 2019 https://www.salt.org/bio-schiff-peter Market Volatility I just arrived in Las Vegas, where I will be spending the next 8 days - I actually have 2 conferences heres; I have the SALT Conference (SkyBridge Alternative Asset Conference) that really kicks off tomorrow, though there is a welcome reception tonight, and then I do t...

Recorded May 3, 2019 See Peter at the SALT Conference at the Bellagio, Las Vegas May 7-10, 2019 https://www.salt.org/bio-schiff-peter Jobs Surge in April, Unemployment Rate Falls Today is Jobs Friday; the first Friday of the month, that we get the nonfarm payroll number.  I don't know if the markets anticipated more or Donald Trump, because of course he's ready to send out a tweet when we get a be...

Recorded May 1, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Market Looking for Validation of Expectations Today was the conclusion of the FOMC meeting in which the Federal Reserve left interest rates unchanged, and that is exactly what the market was expecting.  Nobody e...

Recorded April 26, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Q1 GDP Expected at 2.3% Today we finally got the first estimate for the U.S. GDP in the first quarter of 2019, and typically the first quarter of the year has been rather weak.  That has been the experience p...

VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Easter and Passover I hope everybody enjoyed their Easter holiday, in fact, today is Easter Monday, so many parts of the world are still celebrating, including here in Puerto Rico.  We are still in the holiday of Passover, so hopefu...

Recorded April 16, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW May 13 - 15, 2019 https://conferences.moneyshow.com/moneyshow-las-vegas/speakers/4532d84bf93311d3a5dd00104b96e7b5/peter-schiff/ Tax Day Yesterday was April 15th - Tax Day, or as my father, Irwin Schiff used to say, "April Fool's Day". My father thought it was April Fool's Day because he believed that that was the day on which American...

Recorded April 10, 2019 VISIT PETER AT THE LAS VEGAS MONEY SHOW  May 13 - 15, 2019 Lyft Sinking I began yesterday's podcast by pointing out the weakness in shares of the recent IPO of Lyft.  In fact, I mentioned that Friday's close above the IPO price (the first time it closed above that price since the day of the IPO) the fact that it couldn't hold on to that rally, I thought that meant the stock...

VERY IMPORTANT PODCAST! Please share with everyone you care about. Ray Dalio: Please start at 29:52 Extreme Inequality Is Not a Function of Capitalism I agree that wealth inequality is a problem, but it is a problem that is created by government - created by the Federal Reserve. I was warning years ago, when the Federal Reserve first launched Quantitative Easing, that this was going to happen! Thi...