PETER SCHIFF

PETER SCHIFF

Sunday, April 5, 2015

Putin could single handedly corner the Market


Peter Schiff and the host decipher the Fed speak from the latest FOMC meeting statement on Wednesday in real-time.
    Dovish comments indicate that the anticipated rate hike will be postponed for the time being.
    Expect increased global financial-market volatility, resulting from the Fed's attempt to shrink the money supply via the end of QE.
    The Fed's balance sheet is approaching $5 trillion dollars (see and climbing, (see Cleveland Fed graph).
    With global currency chaos stemming from the crude oil plunge, millions of investors could miss the next gold bull market.
    All that's required is a few billion dollars to corner the Comex PMs market; a fraction of just one of the thirty Dow Jones Industrials.
    Vladimir Putin could single handedly corner the market, sending prices sky high.
    A $600 gold premium is required to purchase in large tonnage in Asia; there's simply not enough supply to meet large order demand.

From his vacation home in Puerto Rico, the head of SchiffGold, Euro Pacific Capital; Euro Pacific Gold Fund (EPGFX), and the host discuss the latest FOMC meeting statement on Wednesday in real-time. Dovish comments indicate that the anticipated rate hike will be postponed for the time being. The guest notes the increased global financial-market volatility, resulting from the Fed's attempt to shrink the money supply via the end of QE operations. The Fed's balance sheet is approaching $5 trillion dollars (see Cleveland Fed graph) and climbing, an minibus mountain of unpayable debt. With global currency chaos stemming from the crude oil plunge, millions of investors could miss the next gold bull market, as uninitiated traders are caught in the headlights by abnormally high price advances. All that's required is a few billion dollars to corner the Comex PMs market; a fraction of just one of the thirty Dow Jones Industrials components. Peter says Vladimir Putin could single handedly corner the market, sending prices sky high. According to Rob Kirby, a $600 gold premium is required to purchase in large tonnage in Asia; there's simply not enough supply to meet large order demand.






Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.

No comments:

Post a Comment

Popular Posts This Month