"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •172 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •10 mins | 949.10 | +12.70 | +1.36% |
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WTI Crude •10 mins | 69.14 | -0.32 | -0.46% |
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Gasoline •10 mins | 1.932 | -0.009 | -0.48% |
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Ethanol •172 days | 2.161 | +0.000 | +0.00% |
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Silver •172 days | 30.82 | +1.16 | +3.92% |
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Silver • 172 days | 30.82 | +1.16 | +3.92% | |
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Copper • 172 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 72.47 | -0.47 | -0.64% | |
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Natural Gas • 10 mins | 3.662 | -0.086 | -2.29% | |
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Heating Oil • 10 mins | 2.230 | -0.002 | -0.09% |
Peter Schiff
Contributor since: 26 Feb 2010
Biography
Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nations leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNNfn., and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.
Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkley in 1987. A financial professional for seventeen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services.
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Is the Fed Finally Losing its Credibility?
With Wednesday's data release that showed that the increase in "core" CPI in January was higher than expected, the price of gold soared by over…
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Selling our Cows to Buy Milk
On Tuesday of this week we learned that in 2006 Americans racked up a record $763.6 Billion trade deficit, and that two Australian mining firms,…
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Irrational Exuberance in China
Recently voiced concerns from the Chinese government that their surging domestic stock market was crossing into bubble territory helped to set off last week's sharp…
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Not Much Left to Protect
This week, during his testimony before the hostile Senate Banking Committee, Treasury Secretary Henry Paulson sought to justify the Bush administration's China policy. Predictably, the…
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Higher Interest Rates Mean Trouble Ahead
When I last commented on the bond market (December 5th's What's really going on with bonds), bond prices were inexplicably rallying, sending yields on ten…
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Don't Forget the "Gold" in "Goldilocks"
As Wall Street continues to put their faith in the "goldilocks" hypothesis, it may come as a surprise to those familiar with my more negative…
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How Low Can Oil Prices Go?
With the price of crude oil now down over 30% from its August high of nearly $80 per barrel, many have concluded that the bull…
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More Consumption Less Production
December's larger than expected jump in non-farm payrolls is predictably being touted as evidence of a more vibrant U.S. economy. Unfortunately, the data does not…
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Wall Street's Spin-Meisters are at it Again
To quell investor concerns during the inflating dotcom bubble, Wall Street offered soothing commentaries from analysts such as Henry Blodget, Jack Grubman, and Mary Meeker,…
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Sub-Prime Disaster in the Making
A report released this week by the Center for Responsible Lending, a Durham, N.C. based research group, predicted that 1 in 5 sub-prime mortgages originated…
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Ben and Hank's Not So Excellent Adventure
This week, in what I believe to be an unprecedented diplomatic pilgrimage, the sitting U.S. Secretary of the Treasury and the Chairman of the Federal…
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What's Really Going on With Bonds?
Given that foreigners are the primary purchasers of US Treasury bonds (snapping up 56% of inventory in the last auction), a declining dollar is supposed…
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Americans Will Shop Till their Dollars Drop
It never ceases to amaze how televised media reports on the U.S. economy are almost exclusively about shopping. Such reports almost always feature images of…
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The U.S. Dollar is the Week's Biggest Turkey
While Americans were busy digesting their Thanksgiving feasts, the rest of the world was barfing up dollars. As a result of our massive trade deficits,…
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Historical Norms Don't Apply
As new statistics confirm the extent of the real estate market collapse, many wishful thinkers now herald bad data as positive omens. For example today's…
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Don't Bet on Gridlock
Now that the Democrats have likely taken control of both houses of Congress, some on Wall Street are cheering the return of government “gridlock.” The…
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Denial is Not Just a River in Egypt
This morning's release of disappointing GDP figures for the third quarter capped a week of bad economic news. Nevertheless, Wall Street bulls continued to march…
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Don't Get Excited About CPI and Housing Data
This week it was announced that both producer and consumer prices dropped by 1.3% and .5% respectively, while housing starts unexpectedly increased by 5.9%. Not…
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Let's Get Real About Deficits
This week, while President Bush took credit for supposedly cutting the enormous budget deficit in half, the Commerce Department reported that the trade deficit in…
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Don't Buy the Dow's New High
This week, the professional stock market boosters, who masquerade as wise market commentators, filled the airwaves with celebratory musings on the significance of a record…
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