4.7 • 5.8K Ratings
🗓️ 7 January 2023
⏱️ 58 minutes
🧾️ Download transcript
· Investment rotation continues into value, international, emerging markets, and precious metals.
· Precious metals mining stocks are best performing sector of 2023 so far.
Expect a breakdown in the dollar and an even bigger breakout in mining stocks.
· Bitcoin is sliding a slope of hope.
· NY Attorney General files civil charges on Alex Mashinsky for Celsius fraud.
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0:00.0 | The Peter Shiff Show. |
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0:39.9 | Global financial markets finished the first trading week of the new year. |
0:45.1 | Pretty much the way they ended the last trading week of the old year with the new trends |
0:49.8 | that I've been talking about clearly in motion. |
0:53.3 | And that is the rotation from growth to value, from domestic to international, from developed |
1:02.2 | to emerging markets and into precious metals mining stocks. |
1:08.0 | Taking a look at the major markets, everything finished the week on a strong note. |
1:13.8 | The Dow Jones industrial is closing up 2.1% on the day. |
1:18.1 | That was a 700 point move, the gain on the week though just 1.5%. |
1:24.0 | So all those gains and then some happening on Friday, S&P 500, a bit stronger on the day |
1:30.5 | of 2.3% and even stronger on the week, moving up 3.5%. |
1:36.4 | And that was the biggest gainer of the major averages. |
1:40.2 | The Russell 2000 almost up as much on Friday up to an quarter percent, but just 1.8% on |
1:47.2 | the week. |
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