The Gold Train Has Left the Station – Ep 853

The Peter Schiff Show Podcast

Peter Schiff

Business, Politics, Business News, Investing, News

4.7 • 5.8K Ratings

🗓️ 7 November 2022

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

· Commodities break out of their bear market corrections.
· Tech stocks collapsing further.
· Smart money is buying gold mining stocks.
· Labor force participation rate has declined despite extra jobs.

Cut your wireless bill to $15/month at https://mintmobile.com/gold

Join my Locals community to get The Peter Schiff Show ad-free and a day early! Plus get access to special live reports and Q&As. Visit https://schiffradio.com/premium to become a member.

Invest like me: https://schiffradio.com/invest

RATE AND REVIEW on Facebook: https://www.facebook.com/PeterSchiff/reviews/

SIGN UP FOR MY FREE NEWSLETTER: https://www.europac.com/
Schiff Gold News: http://www.SchiffGold.com/news
Buy my newest book at http://www.tinyurl.com/RealCrash

Follow me on Facebook: http://www.Facebook.com/PeterSchiff
Follow me on Twitter: http://www.Twitter.com/PeterSchiff
Follow me on Instagram: https://Instagram.com/PeterSchiff Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

Click on a timestamp to play from that location

0:00.0	The Peter Shiff Show.
0:09.5	Today's podcast was recorded yesterday.
0:12.1	If you want to listen to my podcast, Commercial Free, the day that I record them, go to
0:17.0	shiffradio.com slash premium.
0:19.6	It only costs $5 a month.
0:22.0	Today's podcast is sponsored by Mint Mobile.
0:24.6	With Mint Mobile, there's no trapping you into a two-year contract or opening to build
0:28.4	a fight all those crazy fees to get premium wireless for just $15 a month and no unexpected
0:34.6	plot to us go to mithmobile.com slash gold.
0:38.2	Friday was a huge week in global financial markets, not just in the stock markets, but
0:44.8	in the commodity markets and the currency markets.
0:48.3	It all basically started with rumors coming out of China that the Chinese government was
0:55.0	getting closer to ending their zero COVID policy lockdowns.
1:00.8	So reopening more of the Chinese economy and that sent stocks related to China, soaring.
1:08.0	In fact, the Hang Seng Index was up, I think, 6% on Friday.
1:12.4	But specifically, the stocks related to mainland China that trade in Hong Kong had their
1:18.6	biggest weekly gain in seven years.
1:22.0	They ended up 9% on the week, but it wasn't just stocks that went up.
1:27.3	Anything tied to China went up, particularly industrial metals.
1:32.5	Copper was up 7.5%, aluminum 4%, zinc 5.7%, tin 6.25%.
1:42.3	Energy of course also had another big move.
1:45.3	Global prices up $4 and $0.44 a barrel we closed in New York on West Texas crude $92.61.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.