Iranian missiles launch gold past $1,600 – Ep. 525
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 8 January 2020
⏱️ 61 minutes
🧾️ Download transcript
Summary
It’s amazing how little people understand about how well gold mining stocks are performing. While the S&P has returned 72% over the past 4 years, GDX has returned 125% over the same period. Over the past 5 quarters, S&P is up 12% while GDX is up 58%. You won’t hear any of that on CNBC.
I think the best way to gain exposure to gold mining stocks is to buy the Euro Pacific Gold Fund (EPGFX), managed by the expert, Adrian Day. Morning Star gave the Euro Pacific Gold Fund 5 stars and it’s been the number 1 performing gold fund from 2013 to 2018. The fund is also rated to have above average returns and below average risks, making it one of the smartest investments you can make right now.
Videos to watch:
Peter Schiff at Occupy Wall Street "I am the 1%. Let's Talk"
Democrats: Let’s Ban Profits
2006 Mortgage Bankers Speech
Walmart Shoppers Support Everyday High Wages
Is a College Degree Worth the Cost? You Decide
Peter Schiff Argues Against 3 Typical Liberals (my last appearance on CNN)
Mr. Schiff Goes to Washington (first Congressional testimony)
Mr. Schiff Returns to Washington (second Congressional testimony)
Peter Schiff Stand-up Comedy .
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 Painter's Ship Show. |
| 0:09.2 | When I recorded my podcast on Friday, Gold had closed right at resistance at 1550 and |
| 0:16.4 | I surmised that we would break through resistance and I looked at the lack of Gold stocks to rally |
| 0:24.0 | despite that move up in the price of Gold. |
| 0:27.6 | I looked at that as a pretty good contrarian indicator that there wasn't a lot of enthusiasm |
| 0:32.8 | that there was a lot of fear out there among Gold stock investors that they just didn't |
| 0:38.0 | believe the rally and they were anticipating a pullback because they thought the 1550 resistance |
| 0:44.0 | was going to hold. |
| 0:45.8 | They expected a correction in the price of Gold and so they wanted to front run that, |
| 0:50.3 | right? |
| 0:51.3 | Stocks are generally a discounting mechanism. |
| 0:53.8 | They tried to discount the future and so if stock market or Gold stock investors thought |
| 0:59.2 | the price of Gold would sell off, they would want to get out of their Gold stocks now so |
| 1:03.4 | that they can buy them back cheaper after the price of Gold sold off. |
| 1:07.4 | I said, well, what if it doesn't sell off? |
| 1:09.1 | What if Gold just breaks through and that's exactly what it did. |
| 1:12.4 | In fact, we opened up on Sunday night, our time, New York time. |
| 1:17.4 | Early in the morning, Asia time, Gold gapped up about $30-$35. |
| 1:23.4 | I think we were trading above $15.85 on the high, so well above that $15.50 resistance. |
| 1:31.2 | By the time we got around to the New York time zone, we were well off that high. |
| 1:36.6 | In fact, we sold off pretty rapidly from that, but we were still up about $20. |
| 1:43.2 | When the Gold stocks began trading, they were up, but not very much and they immediately |
... |
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.