Rigged Bond Market Sends False Signals – Ep 634
The Peter Schiff Show Podcast
Peter Schiff
4.6 • 5.9K Ratings
🗓️ 9 December 2020
⏱️ 46 minutes
🧾️ Download transcript
Summary
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Stock indexes and gold mining stocks hit 52-week highs.
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Fed can’t stop the dollar from falling or gold from rising.
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Bitcoin isn’t gold 2.0, it’s fools gold 2.0.
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Transcript
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| 0:00.0 | Thanks to Raycon Wireless Earbuds for supporting the Peter Shiff Show podcast. |
| 0:13.6 | Raycon Earbuds started about half the price of any other premium wireless earbuds on |
| 0:18.9 | the market. |
| 0:19.9 | So go to buyraycon.com slash gold today and get a 15% discount off your Raycon order. |
| 0:27.8 | All of the major stock market averages hit new record highs today save the Dow Jones |
| 0:33.4 | which has been having a little bit of trouble but it will likely hit another new high because |
| 0:39.0 | what is driving all the optimism on Wall Street it's not just the vaccine which everybody |
| 0:45.1 | is looking forward to but all of the fed stimulus that we're going to get not only before |
| 0:51.7 | the vaccine because the vaccine is still several months away at best so we've got to get |
| 0:56.6 | through the winter and the flu season without the vaccine but the idea that fed stimulus |
| 1:04.0 | is going to continue even past COVID even if the vaccine works we're going to keep getting |
| 1:09.6 | a monetary stimulus and fiscal stimulus and that is really what is driving the stock |
| 1:15.7 | market and the same factors that are pushing up stock prices are also pushing up gold |
| 1:21.9 | prices. |
| 1:22.9 | We saw a pretty big rally in the price of gold up better than $40 over the last two |
| 1:28.4 | days. |
| 1:29.4 | The lion's share of those gains took place yesterday although we had some follow through |
| 1:34.0 | today as well. |
| 1:35.0 | In fact yesterday morning started off as another typical sell off in the gold market. |
| 1:41.0 | You saw a gold break about $10 early in the morning before the US stock market started |
| 1:46.3 | to trade but that sell off was immediately met by buying and the buying continued throughout |
| 1:52.2 | the day. |
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