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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Recovery Fantasy Persists Despite Recession Evidence – Ep. 138

February 4th, 2016|0 Comments

So far the month of February is just 4 trading days old, and already the U.S. dollar index is down just over 3 percent
We closed January at 99.6 and we closed at 96.5
Gold, going the other way, now up about $13 today, closing above $1,155; the price of gold is up almost 3.5% in the first 4 days of February
That shows you that most of the move in gold is the result of the dollar going down
This move is just getting started
The markets are just beginning to price in the fact that the Fed is not going to raise rates […]

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