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Gold and silver just posted historic record highs, and Wall Street is still asleep. In this week’s Schiff Gold Friday Market Wrap, Peter Schiff breaks down the biggest one-day dollar rally in gold history, silver’s surge above $90 an ounce, and why recent volatility is consolidation at extreme highs — not a top. Peter explains […]

Peter recently joined Peter Gadsdon from the Mining Network to discuss a grab-bag of issues, from the latest showdown between the Fed and the White House to why gold is still the best hedge against a weakening dollar. He walks listeners through recent inflation readings — including the CPI for December — and ties those […]

Politicians have tricked their citizens into believing that low interest rates will solve their economic troubles– perhaps by lowering housing prices or stimulating the economy out of a recession. In reality, slashing rates isn’t a cure to economic ailments; it’s a poison that corrupts saving and investment and raises prices across the economy. The following […]

In 2016 when the measure C initiative to raise hotel taxes to benefit a new San Diego Chargers stadium failed, the Chargers left their hometown of many years to go to Los Angeles. A team expecting government aid as a prerequisite to be in a location is an exceedingly common story in the world of […]

For the government to undermine a nation’s currency, as the Federal Reserve has done, a money printer isn’t enough. If the state truly wants to give its currency power, it must also wage ideological war against alternatives to fiat, like gold and silver, to prevent citizens from using sound money. The following article was originally […]

On Monday’s episode of the Peter Schiff Show, Peter reacts to a dramatic day in the markets where gold and especially silver steal the headlines, then connects those moves to political and monetary developments that he says make the dollar vulnerable. He ties a sudden surge in precious metals to a new scandal around Fed […]

After a two-month data void caused by Washington’s funding standoff, the Bureau of Labor Statistics finally dropped December’s Consumer Price Index—and the numbers refuse to play along with the “mission-accomplished” narrative on inflation. Headline CPI rose 0.3 percent for the month, lifting the index to 324 and pushing the yearly gain to 2.7 percent—still north […]

Gold and silver are sniffing out the inflationary regime. Rising together, even after pullbacks, the historic run in precious metals is part of a desperate SOS signal for the economy. The Fed isn’t the only one printing money. Trump is floating plans for 50-year mortgages and payments for veterans, seeking any justification for “stimulus” that […]

A very strong start to the week for gold, as you might expect, following the US strike on Venezuela / capture of President Maduro on Sunday.  What’s perhaps a little more surprising is the blistering outperformance of copper, silver, platinum, palladium…but to be fair global stock and oil markets aren’t bothered at all, and so […]

A very poor rest of the day for gold.  It got whacked back below the October high by algos at the S&P cash open, couldn’t benefit at all from silver’s +4% rally from 10amET into the COMEX close, and overreacted to the downside with a modest US yield uptick following a mixed set of FOMC […]

More strength than I expected for the precious metals overnight; thanks to more demand at the China open, but perhaps more importantly due to the Chinese government announcing subsidies for electronic vehicles, phones, tablets, smartwatches and smart glasses…all of which consume silver.  Past rounds of similar subsidies have led to immediate sales surges, and so we’re […]

An unsurprisingly challenging rest of the day for the precious metals.  We saw modest bounces with the stock market since the COMEX closes, but neither metal came anywhere close to re-attacking its overnight range.  This hints that there’s a lot of trapped bulls out there who fell for this bogus “bank failure / forced silver […]

Some absolutely wild post-Christmas trading activity for the precious metals.  First, silver and platinum’s incredible +10% rallies on Friday, fueled by an odd rehashing of the China silver export restriction story from October and rumors that a bullion bank was blown out of its silver short position; and now scary -16% & -18% crashes off […]

Indeed an upside breakout attempt for gold above yesterday’s highs in early Asian trade last night, but this technical achievement was ruined by an obnoxious 4k contract, -1%, bashing off session highs in the final five minutes of the 9pmET hour.  There wasn’t a headline catalyst or abrupt negative shift in the broader risk mood.  […]

An impressive rebound for gold & silver to round out this Tuesday, thanks in large part to a calming down in bond markets / strong stock market rally following the much weaker-than-expected Present Situation reading in the December US Consumer Confidence report.  Silver and PGM markets naturally outperformed amid the risk-on environment, with platinum astonishingly […]

More strength for the precious metals as expected overnight, with Asian demand once again leading the way.  Europe was hesitant to chase gold higher though, despite a pronounced decline for US yields and the USD…and this turned out to be the correct move in retrospect because yields and dollar are now shooting higher following the […]