September 29, 2010

Gold Makes A New All Time High



Related stocks and ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX), NovaGold Resources Inc. (USA) (AMEX:NG)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 28, 2010

There`s No Doubt That Stocks Prices Are Rising, But That`s An Inflation Illusion

There`s no doubt that stocks prices are rising, but that`s an inflation illusion created by the Fed. Its not that stocks are gaining value, but the money that is measuring them is (the dollar) is losing value.

The dollar index has now dropped by 11 percent in the last 3 months. I think its going to fall a lot more between now and the end of the year.

in CNBC

Related ETFs: PowerShares DB US Dollar Index Bearish (NYSE:UDN), SPDR S&P 500 ETF (NYSE:SPY), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), ProShares UltraShort QQQ (ETF) (NYSE:QID)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 27, 2010

CNBC Video: US Stocks Are Rising Because The Dollar Is Losing Value


Latest CNBC video interview, September 24th, 2010.

Related ETFs: SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 (ETF) (SDS), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index (ETF) (IWM)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 24, 2010

The Federal Reserve Is Now Explicitly Committed to Inflation

With the Fed now explicitly committed to inflation, investing in gold and foreign currencies becomes an easy decision.

in Los Angeles Times

Related ETFs: iShares Silver Trust (ETF) (NYSE:SLV), SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX)

Related stocks: Kinross Gold Corporation (USA) (NYSE:KGC), Red Back Mining Inc. (TSE:RBI) , Newmont Mining Corporation (NYSE:NEM), Royal Gold, Inc. (NASDAQ:RGLD), Coeur d'Alene Mines Corporation (NYSE:CDE), Barrick Gold Corporation (USA) (NYSE:ABX), New Gold Inc. (USA) (AMEX:NGD
)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 23, 2010

The Bond Market Is The Mother Of All Bubbles

The bond market is the mother of all bubbles right now and I think when it bursts the losses will dwarf the combined losses of the stock market bubble and the real estate bubble.

Related ETFs: ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF), iShares Lehman 3-7 Yr Treasury Bond(ETF) (NYSE:IEI), ProShares UltraShort S&P500 (ETF) (NYSE:SDS), SPDR S&P 500 ETF (NYSE:SPY)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 22, 2010

I Have Been Buying Gold For 10 Years

I have been buying gold for 10 years now, or more, and I'm not uncertain about anything. I'm buying gold because I'm certain that gold will rise. Also on the bullish front for gold is that AngloGold Ashanti announced they would be raising about a billion and a half dollars so they can buy back what remains of their hedge book. This is bullish for gold because they have to go buy gold that was previously sold short.

in www.marketwatch.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 21, 2010

Gold And Paper Money

"Gold is money because people make it money. Paper money is money because governments make it money. But what happens if people lose their faith in governments, and the U.S. government in particular?"

Peter Schiff, President of Euro Pacific Capital Inc.

Related ETF: SPDR Gold Trust ETF (GLD)
Related Stocks: Kinross Gold Corporation (USA) (NYSE:KGC), Red Back Mining Inc. (TSE:RBI) , Newmont Mining Corporation (NYSE:NEM), Royal Gold, Inc. (NASDAQ:RGLD), Coeur d'Alene Mines Corporation (NYSE:CDE), Barrick Gold Corporation (USA) (NYSE:ABX), New Gold Inc. (USA) (AMEX:NGD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 20, 2010

Government And Wall Street Are In Bed Together

Government and Wall Street are in bed together. Obama isn’t taking on Wall Street. He’s been bought and paid for by Wall Street. We have an economy that benefits Wall Street, but it bleeds Main Street dry.

in MSNBC

Related: Financial Select Sector SPDR (ETF) (NYSE:XLF), Direxion Daily Finan. Bear 3X Shs(ETF) (NYSE:FAZ) , Direxion Daily Finan. Bull 3X Shs(ETF) (NYSE:FAS) , Citigroup Inc. (NYSE:C) , Goldman Sachs Group, Inc. (NYSE:GS) , Bank of America Corporation (NYSE:BAC), Morgan Stanley (NYSE:MS)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 17, 2010

It Is More Important Than Ever For Investors To Own Gold And Silver

Given the state of the US and global economy, I believe it is more important than ever for investors to own gold and silver as a portion of their portfolios. Inflation, depression, and sovereign default are all possible scenarios I see on the horizon. I believe that precious metals will perform better the darker the economic storm-clouds become.

Related stocks and ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX), NovaGold Resources Inc. (USA) (Public, AMEX:NG)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 16, 2010

I Firmly Believe That Gold And Silver Are Your Best Insurance Policies In Today's Turbulent Markets

I have long advocated having at least 5-10% of your portfolio in physical precious metals. Since early 2001, that has turned out to be profitable advice, as gold outperformed most other asset classes.

Given the state of the US and global economy, I believe it is more important than ever for investors to own gold and silver as a portion of their portfolios. Inflation, depression, and sovereign default are all possible scenarios I see on the horizon. I believe that precious metals will perform better the darker the economic storm-clouds become. If we see the collapse of the international dollar system, then gold may be the only viable currency for global trade.

I firmly believe that gold and silver are your best insurance policies in today's turbulent markets. They are the classic hedge against inflation and can provide a cushion of savings in even the most extreme economic environments. There is not a country on this Earth that doesn't demand gold, and this effect is especially pronounced in booming Asian giants China and India.

in europac.net

Related stocks and ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX), NovaGold Resources Inc. (USA) (Public, AMEX:NG)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

The United States Right Now Is Powerless To Prevent Runaway Inflation

The United States right now is completely powerless to prevent runaway inflation, as the US continues with policies of more economic stimulus and bigger deficits.

in Market Oracle

Related stocks and ETFs: SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX), Newmont Mining Corporation (NYSE:NEM), AngloGold Ashanti Limited (ADR) (NYSE:AU), Harmony Gold Mining Co. (ADR) (NYSE:HMY), Randgold Resources Ltd. (ADR) (NASDAQ:GOLD), Barrick Gold Corporation (USA) (NYSE:ABX), NovaGold Resources Inc. (USA) (Public, AMEX:NG)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 15, 2010

Video Market Update: Gold, Silver And Currencies


Video market update, September 14th.

Related: iShares Silver Trust (ETF) (NYSE:SLV), Newmont Mining Corporation (NYSE:NEM), SPDR Gold Trust (ETF) (NYSE:GLD), Market Vectors Gold Miners ETF (NYSE:GDX)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 13, 2010

Do Stocks Provide Inflation Protection To Investors?

Stocks are widely believed to provide inflation protection since factories, equipment and inventories rise in value as prices generally increase. Historically, stocks have in fact tended to rise with inflation rates, but too much inflation has caused volatility and raised a question as to whether stocks really are a reliable inflation hedge.

Stocks in certain sectors have similarly earned a reputation as recession protection. Stocks designated as “defensive” are those in industries that make stuff we've simply got to have, such as food and drugs, or items in the category of “sin,” referring to things we may not need but will kill to get — traditionally tobacco and alcohol, and perhaps other things to newer generations.

Such rules of thumb are based on common sense and will always be valid, although whether they result in gains, simply lower losses, or neither, depends on the severity of the recession, the urgency of the demand and a lot of other factors that change as a downturn proceeds.

Of course, we are not talking here about mild inflation or a minor recession except as early or late stages of the main event. The situation we are facing is of a magnitude comparable to the Great Depression of the 1930s and the next-worst bear market, the stagflation period of the 1970s. There are parallels to both cases, but also ways in which the current crisis differs significantly.

THE 1930s

There is a very real possibility that the current recession will deepen into a repeat of the Great Depression of the 1930s, only with consumer prices rising, not falling.

In the 1930s, the problem was not inflation, but deflation. Cash grew in value, as did bonds held to maturity. Stocks went both down and up, and ended the decade down. Stocks that bucked the downtrends were generally the defensive and countercyclical issues. But hedging inflation was not a factor. Interestingly, price inflation was minimal during the bull market from 1921 to 1929.

The collapse that ensued bottomed out in 1930, with the Dow Jones Industrial Average down 89% from its 1929 peak. But it gave way to a bull market that lasted until 1937, when prices fell again until a few months after Pearl Harbor.

In 1930, every stock in the Dow declined except three. Those that gained slightly were Liggett & Myers [Tobacco Co.], General Foods [Corp.] and Borden Co. — one tobacco company and two food producers. In 1931, every Dow stock was down, and the same was true in 1937. In 1933, 1935, 1936 and 1938, 80% to 90% of the Dow stocks showed gains. Of course, the fortunes lost in the stock market of the 1930s were lost because so much stock was bought on margin, meaning that when prices tumbled, margin calls meant putting up more money. Holding for prices to come back was not an option for many people, and those who did hold waited until the 1950s for the Dow to recover.

But the 1930s proved that food and tobacco, traditional defensive stocks, bucked the trend during the worst stock market crash in history. Gold-mining shares, of course, were in a stratosphere of their own.

It also proved that markets don't like extreme deflation any more than they like extreme inflation. As I stated, though, deflation (at least as it leads to falling consumer prices) — which is getting increasing publicity as a present threat — is one “problem” we won't be facing this time. Sure, as the credit bubble deflates, asset prices will fall relative to goods prices, but the Federal Reserve stands ready to replenish the money lost with freshly printed bills. However, this new money will not reinflate the busted asset bubbles but simply drive goods prices even higher.

Of course, we will see, and are already seeing, instances where prices are declining. But inflation is now so pervasive that despite any trade-offs, the net effect will have to be rising prices.

THE 1970s

Very much like present times, the 1970s combined stagnation and inflation, notably in skyrocketing gas prices, giving rise to the term “stagflation.” What was different about the 1970s, though, is that government and consumer debt were relatively moderate, with both government and mortgage debt locked in over long time periods.

This gave the Fed the option of countering inflation with aggressive interest rate hikes when it reached double digits. Today, it doesn't have the option of raising rates significantly without triggering consumer debt defaults and mortgage foreclosures that would bring the economy to its knees.

Also, back then, any new government borrowing was financed internally. Interest paid by the government was offset by interest earned by American savers. The net effect was not a net drain on national income, though there were certainly social effects of a domestic transfer of purchasing power from the less to the more affluent. Now, however, approximately half of our national debt in public hands is held abroad, and an even larger share of new issues is sold abroad. As a result, significantly higher interest rates would result in meaningful drains on our national income. Furthermore, as the outstanding debt is now very short-term, higher rates would affect the total of what the government owed, not merely new borrowing. In other words, American taxpayers have been committed to the mother of all adjustable-rate mortgages!

While the 1960s, called then the Soaring "60s, will be remembered for its go-go mutual funds, its conglomerates and concept stocks — like Four Seasons Nursing Centers of America [Inc.] (bankrupt by 1970) and Performance Systems [Inc.], a franchiser of fried-chicken restaurants, all of which came to grief by decade's end — the 1970s became famous for the Nifty 50. These were a group of high-capitalization growth companies that big mutual funds and institutional investors, by then a dominant force in the market, could buy and never worry about again. Also called “one-decision” stocks and “all-weather” stocks, these big household names by 1971 were selling at 100 times earnings (when they had earnings), despite a general market decline led by everything else.

When the bear market of 1973-74 settled in, 27 of the Nifty 50 dropped an average of 84% from their 1971-72 highs. The Dow, which closed 1972 at 1,929.02, closed 1973 at 850.86 and 1974 at 616.24 before beginning its recovery the following year. In 1973, only six of the Dow stocks rose significantly, and in 1974, only five — and with one exception, they were different stocks.

But here's what's interesting: All six of the 1973 gainers were basic-raw-materials companies, consistent with a pattern whereby commodities and financial markets go in opposite directions.

Not only that, but their returns were strong, led by Allied Chemical [Corp.]'s total return of 73.4%, Alcoa [Inc.]'s 40.6% and Bethlehem Steel [Corp.]'s 18%.

In 1974, stagflation had begun, with unemployment over 7% and inflation over 10%. The Arab oil embargo was in full swing, causing fuel shortages and plant closings. Two companies benefiting from the oil crisis led the Dow in 1974: Johns Manville Corp., which sold fuel-saving insulation materials, and United Aircraft [Corp.], whose fuel-efficient jet engines were in demand from the aircraft industry.

In 1975, the market picked up again, this time led by cyclical stocks. Profiting from what was termed “a new era of pricing power,” the basic industries such as steel, chemicals, aluminum, paper and copper enjoyed a short-lived revival.

By the end of the 1970s, the cyclicals were back in a slump, and leaders were the energy issues and related technology stocks, small biotech issues and defense/aerospace stocks, reacting to the Iran hostage crisis and anticipating a Republican administration. On another tier, small-capitalization stocks did prove their worth as an inflation hedge, outperforming inflation and registering a positive return over the decade. In a global economy where the action is abroad, however, it is hard to imagine that small-caps, which would generally have minimal, if any, international exposure, would outperform in today's market.

With that exception, the 1970s proved that in extreme inflation, stocks in general do not hold up as well as an inflation hedge. Gold, of course, is in its own world; gold-mining stocks were off the charts. The 1970s experience proved something else of great and relevant importance: The inverse market relationship of commodities (including basic materials, agriculture, energy and metals) to stocks in general gains validity the more serious economic problems become. It's financial paper versus tangible stuff.

So what to do with your U.S. stock investments now? My basic recommendation is to restructure your domestic stock portfolio with conservative, dividend-paying foreign stocks that will produce currency appreciation and keep you out of the collapsing dollar and immune from any desperate measures or political gambits that the U.S. government might resort to as the economic predicament worsens.

Some domestic stocks are worth holding on to, such as mining companies and producers of basic materials, energy and agricultural commodities that trade worldwide in dollars and will benefit from a commodities boom. I would hold the major oil producers, but be prepared for an excess-profits tax. A better bet would probably be oil service companies, which benefit more directly from a strong oil market and are unlikely to be hit with excess-profits taxes. Makers of farm equipment or fertilizer companies are proven as a way of participating in the agricultural boom. Exporters and multinationals with good foreign exposure should also do well.

The most important part of any U.S. allocation would be to avoid like the plague any stocks largely dependent on American consumers, especially when it comes to discretionary purchases or repaying their debts. That includes financials, retailers, home builders and consumer discretionary. I would also avoid any high-multiple stocks, which excludes most technology or biotechnology companies.

Another thought: Any U.S. company not adversely affected by inflation and producing a good global earnings stream is a possible target for acquisition by a sovereign-wealth fund — or private foreign buyer. That's bad news for the American economy but potentially good news for some American shareholders. Witness Anheuser-Busch Cos. Inc.

Peter D. Schiff is the president of Euro Pacific Capital Inc. This article was excerpted from his book “The Little Book of Bull Moves” (John Wiley & Sons, 2010).

in www.investmentnews.com

Related ETFs: SPDR S&P 500 ETF (SPY), ProShares UltraShort S&P500 (ETF) (SDS), SPDR Dow Jones Industrial Average ETF (DIA), iShares Russell 2000 Index (ETF) (IWM)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 11, 2010

Video: Latest Market Update


Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 10, 2010

The Recession Is The Cure For The Disease That Affects The Economy

"The recession is the cure for the disease that affects the economy, but the politicians don't have the stomach for it."

in St. Louis Post

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 9, 2010

The Dollar Index Is Headed Down To 40.

I think the dollar index, which is trading a little above 80, I think its headed down to 40. Whether it gets there in 2 years, 3 years...I don`t know. It depends on when the world wakes up and figures out what is going on. I mean, the united States right now is completely powerless to prevent runaway inflation.

in CNBC, September 8

Related ETFs: iShares Silver Trust (ETF) (NYSE:SLV), SPDR Gold Trust (ETF) (NYSE:GLD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Silver Prices Are Going A Lot Higher

I think silver prices are going a lot higher, we still need to go up a dollar to take out the March 2008 high. I think silver is going to go ultimately to 50 dollars an ounce, 100 dollars an ounce.

It could happen very fast. It all depends on when you really have a collapse on the dollar.

Related ETF: iShares Silver Trust (ETF) (NYSE:SLV)

Related Stocks: Hecla Mining Company (NYSE:HL), Silver Wheaton Corp. (USA) ( NYSE:SLW), Pan American Silver Corp. (USA) (NASDAQ:PAAS), Coeur d'Alene Mines Corporation (NYSE:CDE), Stillwater Mining Company (NYSE:SWC)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

CNBC Video Interview: Silver, Gold And The US Dollar












Latest CNBC video appearance, September 8.

Related assets: iShares Silver Trust (ETF) (Public, NYSE:SLV), Silver Wheaton Corp. (USA) (Public, NYSE:SLW), PowerShares DB US Dollar Index Bearish (Public, NYSE:UDN), SPDR Gold Trust (ETF) (Public, NYSE:GLD)
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 8, 2010

Things Could Get Very Bad In This Country

Things could get very bad in this country, and people might want to leave, and when they do, it might be illegal to leave with your gold or your money.

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Related ETFs: SPDR Gold Trust (ETF) (GLD), Market Vectors Gold Miners ETF (GDX), iShares Silver Trust (ETF) (SLV)

September 7, 2010

We Are Going To Have An Inflationary Depression

"We are going to be in a depression. It is going to be an inflationary depression, and our standard of living is going to fall dramatically.

in The Street.com

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

Related stocks and ETFs: Hecla Mining Company (HL), Coeur d'Alene Mines Corporation (CDE), NovaGold Resources Inc. (USA) (NG), New Gold Inc. (USA) (NGD), Goldcorp Inc. (USA) (GG) , iShares Silver Trust (ETF) (SLV), SPDR Gold Trust (ETF) (GLD)

September 6, 2010

Overdose: The Next Financial Crisis

A new documentary on the causes and consequences of the US financial crisis has been making waves. "Overdose: The Next Financial Crisis" was produced by a team of filmmakers led by prominent Swedish libertarians Jonah Norberg and Martin Borgs.

The film has been broadcast in Sweden, Norway, Finland, Denmark and Australia - and won the prestigious 'Best Feature Documentary' award at the San Francisco Frozen Film Festival. Since the film debuted on the popular television series Four Corners on Australia's public broadcaster ABC, it has incited a bit of an uproar among left-wing journalists.

The film relies heavily on interviews with Euro Pacific's Peter Schiff, as well as a former US Comptroller General, a former Chief Economist at Freddie Mac, Economic Nobel Laureate Vernon Smith, and others. It's a very interesting group that presents different perspectives on the factors that led to the credit crunch and where we are headed from here. Each one is realistic about the United States' grave fiscal situation.

To dispel the myth that capitalism caused the crisis, the producers have decided to make the 45-minute film free to watch online, in full, for a limited time.

Watch Overdose here,


Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 3, 2010

What We Need To Do

We need the government to get out of the way. There are certain things the government can do legislatively that won’t cost any money - they can deregulate health care. They can stop subsidizing education - cause college to become cheaper. Cut the pay for government workers and entitlement spending. If we can repeal these rules and regulations, we can make America more competitive and attract foreign capital. We can right this ship.

in benzinga

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 2, 2010

Economists, Media Analysts And A Flock Of Pigeons

Watching economists and media analysts react to breaking economic news is a bit like looking at a flock of pigeons flying over the New York skyline. A true wonder of the urban landscape, the flocks can include hundreds of individuals who show an uncanny ability to stay in tight formation as the group quickly zig-zags between buildings. What may be even more remarkable than their ability to randomly fly while maintaining cohesion is the flock’s refusal to stick to any particular direction for very long, and their determination to fly feverishly without actually going anywhere. Sound familiar?

in Europac Weekly Digest

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

The Bond Market Is The Mother Of All Bubbles

The bond market is the mother of all bubbles right now. When it bursts the losses will dwarf the combined lossess of the stockmarket bubble and the real estate bubble.

Related ETFs: ProShares UltraShort S&P500(ETF)(SDS), iShares Dow Jones US Real Estate (ETF)(IYR), ProShares UltraShort 20+ Year Trea (ETF) (TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (TLT), SPDR Gold Trust (ETF) (GLD)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

September 1, 2010

Speaking At A Gold And Natural Resources Conference In New Orleans

Once again, I will be speaking at one of the world's most respected gold and natural resource conferences: The New Orleans Investment Conference. This year's conference is held at the Hilton New Orleans Riverside on October 27-30, 2010.

This conference has always been a highlight of my year. New Orleans is a great city for restaurants, music, and sightseeing. The conference itself is intimate and cozy... usually less than 700 attendees. And the hotel is right alongside the fabulous French Quarter.

But the best part is getting together with the top minds in finance and investment. This year, I will be speaking alongside Marc Faber, Dennis Gartman, the Aden sisters, Doug Casey, former Majority Leader Dick Armey, former Comptroller General David Walker, and many more. With gold holding above $1,200/oz and the Treasury market at what appears to be the peak of a bubble, now is the time to hear expert opinions to help position yourself for what may be the next phase of the dollar crisis.

Related ETFs: SPDR Gold Trust (ETF) (GLD), iShares Silver Trust (ETF) (SLV), ProShares UltraShort 20+ Year Trea (ETF) (TBT), iShares Barclays 20+ Yr Treas.Bond (ETF) (TLT)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.

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