Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, and host of the Peter Schiff Show Podcast.  He follows up his daily two-hour radio show with podcasts focusing on weekly economic data analysis and unbiased coverage of financial news, both in the U.S. and global markets.  As entertaining as he is informative, Peter packs decades of brilliant insight into every news item.  Join the thousands of fans who have benefited from Peter’s commitment to getting the real story out every week.

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Dollar Dives, Gold Thrives, Puerto Rico Defaults – Ep. 163

May 2nd, 2016|0 Comments

Gold finally traded about $1300 this morning; it was the first time since January of 2015 that the price of gold traded above $1300
But by the time the U.S. Stock market opened, the price of gold started to sell off, and it couldn’t hold $1300, in fact, it ended negative on the day – we closed about $1291
When gold failed to hold $1300, there was a lot of selling in gold stocks; in fact gold stocks were way up in the pre-market, up from 2-7%
Some of them opened with new 52-week highs, but then the selling commenced and gold stocks […]

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