Gold’s Surprise Rally Shows Sellers Are Exhausted – Ep 748

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 6 November 2021

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

* Press knows Biden doesn’t have the aptitude to even answer softball questions.
* Record high stock market eyes blue skies ahead.
* As Peloton bikes become overpriced clothes racks, Peloton stock becomes dirty laundry.
* Gold may end up being the pin that pricks the Bitcoin bubble.
* The IRS tricked the middle class.

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Transcript

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0:00.0	The Peter Ships Show.
0:09.0	Today's podcast is sponsored by Mint Mobile.
0:12.5	For those of you who hate their phone bills and are ready to cut the ties with Big Wireless,
0:18.0	Mint Mobile has a new wireless plan just for you.
0:22.2	It's only $15 a month and you can get the plan shipped to your door for free.
0:28.0	Just go to MintMobile.com slash gold.
0:31.6	I'd also like to welcome a brand new sponsor to the Peter Ships Show podcast, Mac Weldon.
0:37.9	Mac Weldon is a premium men's essential brand that believes in smart design as well as
0:43.6	high quality fabrics.
0:45.9	And right now you can get 20% off on your first order.
0:50.6	Just visit macwelldon.com slash gold and enter the promo code gold.
0:57.7	Yesterday it was the first Friday of November.
1:02.2	And so that means we got the October non-farm payroll report, otherwise known as the
1:08.4	jobs report.
1:10.0	And the expectation was for 450,000 jobs added during the month.
1:16.0	And that would have been a big improvement to the prior month because in September we
1:21.1	were told that 194,000 jobs were created.
1:24.7	And that was way below what the market had anticipated for the month.
1:29.4	So not only did the October number come out well ahead of consensus, we got 531,000 jobs
1:38.7	added.
1:39.7	So 81,000 more than estimated.
1:42.6	But we actually went back and operatively revised the last two months, including the
	...

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