Author Archives: admin

Today’s Key Gold Headlines – 6/25/13

Posted on June 25, 2013 by admin

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Peter Schiff: Prepare for a Vicious Gold Rally (Video)

Posted on June 24, 2013 by admin

In his latest appearance on CNBC’s Futures Now, Peter Schiff defends his claims that gold is going to the moon and the economy is preparing for another recession.

“The Fed is going to have to wave the white flag, not me. They’re going to have to admit that it hasn’t worked and they’re going to up the size of QE. Meanwhile, the gold traders are preparing for something that’s not going to happen and they’re going to be caught by surprise. You’re going to see a vicious rally in gold as people look to re-buy the gold they sold based on the false premise that the economy was improving and the Fed was going to tighten.”

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Bernanke’s Exit Strategy Is a Bluff (Video)

Posted on June 24, 2013 by admin

Peter Schiff appeared on Business News Now to explain how the US economy housing and stock markets will crumble under the weight of the Fed’s QE and why this is an excellent prospect for gold.

“Unless Ben Bernanke comes clean and admits there’s no tapering, that there’s no exit strategy, that he is going to increase – not diminish – QE, then the markets are going to keep falling… The whole thing is a bluff. There is no exit strategy, there is no tapering, but he can’t admit that.”

Watch the Full Video Here

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Tapering the Taper Talk

Posted on June 24, 2013 by admin

In his latest commentary, Peter Schiff tears apart the suggestion that the Fed might start tapering QE this year and reminds us that all the media’s assumptions about the effects of tapering are way off base.

“As usual the Federal Reserve media reaction machine has fallen for a poorly executed head fake. It has fallen for this move many times in the past, and for its efforts, it has tackled nothing but air. Yet right on cue, it took the bait once more. Somehow the takeaway from Wednesday’s release of the June Fed statement and Chairman Ben Bernanke’s press conference was that the central bank is likely to begin scaling back, or “tapering,” its $85 billion per month quantitative easing program sometime later this year, and that the program may be completely wound down by the middle of next year.

Although this scenario is about as likely as an NSA-sponsored ticker tape parade for whistle blower Edward Snowden, all of the market segments reacted as if it were a fait accompli. The stock market – convinced that it will lose the support of ultra-low, long-term interest rates and the added consumer spending that results from a nascent housing bubble – sold off in triple digits. The bond market, sensing that its biggest and busiest customer will be exiting the market, followed a similarly negative trajectory. The sell-off in government and corporate debt pushed yields up to 21 month highs. In foreign exchange markets, the dollar rallied off its four-month lows based on the belief that Fed tightening will support the currency. And lastly, the gold market, sensing that an end of quantitative easing would eliminate the inflationary fears that have partially fueled gold’s spectacular rise, sold off nearly five percent to a new two-and-a-half year low.”

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Today’s Key Gold Headlines – 6/24/13

Posted on June 24, 2013 by admin

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Redistribution Woes

Posted on June 21, 2013 by admin

Looks like this leprechaun only had fiat cash – real gold and silver can’t be redistributed. TGIF!

Obamas-Pot-of-Gold

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Today’s Key Gold Headlines – 6/21/13

Posted on June 21, 2013 by admin

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Peter Schiff: Phony Recovery Evaporates at Hint of Less QE (Video)

Posted on June 20, 2013 by admin

Peter Schiff appeared on Fox Business Markets Now this morning to discuss his reaction to the Federal Reserve’s announcement on interest rates and on Ben Bernanke’s press conference.

“This whole recovery that the Fed believes it created with the QE is evaporating before it even dials it back. I think the that the next thing the Fed is going to do is add to the QE. … They are going to put more crack into the pipe.”

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Peter Schiff: The Real Economy is Deteriorating Beneath Our Feet (Video)

Posted on June 20, 2013 by admin

Peter Schiff appeared on Yahoo! Breakout yesterday for reaction to the Federal Open Market Committee’s announcement on interest rates and the economy. Peter argued that Fed induced recovery is only making things worse.

“Are we richer or we poorer? Are we growing our liabilities or are we growing our assets? America is getting poorer. We are consuming our way into poverty. We’re borrowing from the rest of the world. We’re trying to reflate a phony economy based on assets prices like real estate and stocks. Meanwhile, the real economy deteriorating beneath our feet.”

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Today’s Key Gold Headlines – 6/20/13

Posted on June 20, 2013 by admin

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