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The Peter Schiff Show Podcast

Reddit Raiders Ride Silver – Ep 651

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 β€’ 5.8K Ratings

πŸ—“οΈ 30 January 2021

⏱️ 42 minutes

🧾️ Download transcript

Summary


*
All four major market indexes end the week down.

*
So goes January, so goes the year … so buckle up!

*
Hedge funds continue to take it in the shorts.

*
First Majestic Silver gets targeted.

*
Robinhood limits stock trading and puts halt on instant crypto buying.

*
The establishment does NOT want you to buy physical silver.

*
The establishment LOVES Bitcoin.

*
Elon Musk plays with his Twitter followers like puppets.


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Transcript

Click on a timestamp to play from that location

0:00.0

I'd like to thank KeepsFords continued support of the Peter Shiff Show podcast.

0:14.4

Keeps makes easy and affordable hair loss treatment for men.

0:18.2

To receive your first month of treatment for free, just go to Keeps.com slash gold.

0:25.5

So today we ended a volatile week in the stock market on a down note.

0:31.4

All four of the major stock market indexes were down.

0:35.5

In fact, the Dow Jones ended the day down better than 600 points, 602 points.

0:42.0

That's just over 2%.

0:44.2

S&P, a little bit better down 1.9%.

0:50.2

Nasdaq and small caps, well Nasdaq down 2%.

0:53.8

So just as bad as the Dow, it was the small caps Russell 2000 that only lost 1.5%.

1:01.7

And that's probably because you had a lot of these heavily shorted names that are in

1:06.0

the Russell 2000 that were among the few winners on the day.

1:10.7

In fact, this is the biggest down week the market has had, I think, since October of last

1:17.9

year.

1:18.9

In fact, we just finished the month of January and both the Dow and the S&P are down on the

1:26.5

month.

1:27.5

I think the S&P is down about 1%.

1:29.7

The Dow lost about twice that much down 2%.

1:33.6

The Russell 2000 and Nasdaq are still positive on the year.

1:38.2

They were down on the week.

1:40.1

Everything was down this week.

1:41.5

But those two indexes were positive on the year.

...

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