Gold Breaks Out, Stocks Break Down – Ep. 41
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 6 January 2015
⏱️ 22 minutes
🧾️ Download transcript
Summary
* World markets left the gates weak on first full trading week of the year
* Catalysts: Declining oil prices and Greece's potential Eurozone exit
* The Euro has gone sideways against the dollar for 9 years
* The U.S. stock market will decline until the market believes rate hikes are off the table
* U.S. will not experience accelerating growth in 2015
* Evidence shows the home market is not strengthening
* Young entrepreneurship at a 20-year low
* Falling oil prices are a symptom economy is not expanding
Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: https://sleep.me * Check out DBJourney and use my code Schiff15 for a great deal: https://dbjourney.com * Check out Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out Plaud AI and use my code GOLD for a great deal: https://plaud.ai * Check out Quince and use my code quince.com/gold for a great deal: https://www.quince.com * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The US markets were off to a rough start. |
| 0:11.5 | In fact, all the world markets came out of the Gates week on this first full trading |
| 0:17.4 | week of the year. |
| 0:18.6 | The Dow was down 331 points to finish just above 17,500. |
| 0:24.3 | Nasdaq down 74 points. |
| 0:27.5 | The catalyst was weakness in Europe, particularly in the year. |
| 0:34.5 | The continuing decline in oil prices were trading just under 50 dollars per barrel. |
| 0:46.5 | Of course, most people are still talking about how great low oil prices are going to |
| 0:52.4 | be for the US economy, but again, not understanding why oil prices are coming down. |
| 0:58.8 | Sure, lower oil prices will be a consolation prize. |
| 1:04.2 | It will be a benefit, but there are going to be many things that are going to be happening |
| 1:08.7 | that will more than offset that benefit just the way falling oil prices in 2008 were |
| 1:16.4 | benefit. |
| 1:17.4 | It stopped the financial crisis and it didn't stop the great recession. |
| 1:23.3 | I'm hearing all this talk about how Europe is just a basket case and Europe is going |
| 1:29.9 | to be decimated. |
| 1:31.9 | Listen to Jim Kramer on CNBC. |
| 1:35.1 | I think Europe is going to go to power. |
| 1:37.9 | Yeah, I just think that money is going to be free in Europe for you. |
| 1:41.3 | I think this European comeback story will be a treat by the way. |
| 1:44.5 | The multiple cuy begins soon with the structural reforms. |
| 1:48.6 | Concerns about deflation, real, imagined. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter Schiff, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter Schiff and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.