4.7 • 5.8K Ratings
🗓️ 18 November 2023
⏱️ 60 minutes
🧾️ Download transcript
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0:00.0 | The Peter Shiff Show. |
0:08.6 | Today's podcast is sponsored by Mint Mobile. |
0:11.1 | Cut your wireless plan to just 15 bucks a month and get the |
0:14.6 | plan shipped to your door for free. Go to mintmobile.com slash gold. |
0:19.7 | Today's podcast is also sponsored by OxyHelp, the leading European-based manufacturer of |
0:25.4 | premium mono place and multi-place heart shell hyperbaric oxygen chambers. |
0:30.6 | If you want to live a longer and healthier life, go to oxyhealth.com and tell them that you were referred by Peter Schiff, and you'll get 10% off on any chamber that you buy. |
0:41.0 | Well, everything continues to be awesome on Wall Street now that investors are convinced |
0:48.8 | that the Fed has finished raising rates. But more than that, it's not just that the Fed is not going to hike rates anymore, |
0:57.0 | it's that it's going to start cutting rates next year. |
1:01.0 | And so the markets are excited because their drug pusher is going to be |
1:07.3 | shown up with more supply. You know, they've been away from the drug for a while, |
1:12.4 | the Fed's been hiking rates and that's not what the |
1:14.9 | markets want but now the markets are convinced that exactly what they need is |
1:21.0 | going to be supplied as early as next year and so you're |
1:24.8 | seeing that the averages the last podcast I did the markets were up they |
1:29.5 | continued to rise on the week the stars Stars, again the small cap Russell 2000 was up about 5.5% on the week. |
1:38.8 | That's about the same percentage gain that the gold stocks had. They finally came back from the dead |
1:44.5 | although you know if you look at a chart they barely resurrected they have a long |
1:48.9 | way to go but they had a good week. Gold itself was up about 40 bucks on the week. Again on the idea |
1:56.8 | that the Fed is finished raising rates. The broad of stock market not as strong. |
2:01.9 | I think you know the major averages may be up about |
... |
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