Peter Schiff: Gold will moon!
Peter Schiff - Twitter, Released on 10/21/22
Read more about the story Peter is referencing: https://www.msn.com/en-us/money/markets/dow-jumps-more-than-500-points-as-bond-yields
Did the #Fed already blink and secretly pivot to stop the carnage in the bond market? Investors seem to think so as they're buying stocks, shorter-term Treasuries, and #gold, while selling dollars and 30-year Treasuries. If the Fed did pivot #inflation is about to go much higher!
- Peter Schiff (@PeterSchiff) October 21, 2022
The #bond market was in the process of crashing and just like the BoE, the #Fed folded with a soft-pivot. The Fed's bluff has been called. Instead of a bond crash it will be a dollar crash. Of course, when the dollar crashes, the real value of bonds crashes too. #Gold will moon!
- Peter Schiff (@PeterSchiff) October 21, 2022
Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, Barron's, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting his own weekly radio show, Wall Street Unspun. He's also the author of the bestselling books: Crash Proof 2.0
Peter Schiff: Gold will moon! added by Herman James on 10/21/2022View all posts by Herman James ?+'