Peter Schiff: Wishful Thinking Won’t Save This Market - SchiffGold.com
Peter Schiff: Wishful Thinking Won’t Save This Market - SchiffGold.com
Source: SchiffGold.com
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DW NOTE
Schiff has spent a career calling crashes that arrive late or not at all, but gold down 21.5% in eight months and silver off 46.9% from its high suggests the market heard a different story than the one he's been telling. The Fed hiked into a supply shock — WTI still up 42% year-over-year despite the pullback — and real rates are now positive again at every tenor. When the monetary anchor tightens, speculation reprices first.