peter shiff prediction
Foreign stock markets poisd to do well.
what are your thoughts?
Jan 25th, 2018 8:54 pm
Jan 26th, 2018 10:37 am
It's easy to grin when your ship comes in and you've got the stock market beat.
But the man worthwhile is the man who can smile when his shorts are too tight in the seat 😃
In Fed We Trust - Make ES Limit Down Great Again!
Jan 26th, 2018 3:44 pm
He is a gold bull.
Jan 26th, 2018 5:41 pm
Jan 26th, 2018 9:12 pm
but Peter Shiff is the first to say that though.Hobotrader wrote: ↑ I followed him from 2009 to 2016...Lost a lot of money in the process. I say his fundamentals are probably right but his timing is off and that nothing is really certain in the markets. There's a lot of randomness. He used to have a gold company which was a conflict of interest but I think he's relinquished it. It's the same story...If I hadn't found him, I'd probably be retired by now with the rip-roaring bull market we're in. Do I trust this is a real bull market moved by fundamentals? Nah...Take what you can. I still have gold ETFs as a hedge against destroyed equity markets and currency but it definitely lags stocks.
Jan 26th, 2018 9:27 pm
Jan 26th, 2018 9:36 pm
Jan 27th, 2018 12:45 am
Jan 27th, 2018 1:00 am
Jan 27th, 2018 1:39 am
i agree 100% with everything Peter Shiff has said about Bitcoin.. that it's the stupidest thing ever.
Jan 27th, 2018 1:41 am
he goes on 2 rants that are annoying:burnt69 wrote: ↑ He got the housing market circa 2005-2006, and its collapse right.
But listening to his podcasts recently has been painful. He goes on rants against former clients, and was just straight up in loonie tunes land the other day with his claims that there was only one way for gold to go -- straight up.
On the other hand, he was actually quite honest in a recent podcast when he claimed that account creation at his firm had basically collapsed, and money was leaving his management in droves. Not many asset managers would come out and admit publicly that their business is failing. He appears to be "all-in" on the strategies he recommends, and his own father was imprisoned by the US government.
He might be right, and I personally invest a chunk (but not all) of my money in strategies similar to his, but you have to have extreme intestinal fortitude to stay the course.
Jan 27th, 2018 1:46 am
Oh here is an article..
Jan 27th, 2018 8:30 am
Jan 27th, 2018 8:35 am
Jan 27th, 2018 8:45 am
Jan 27th, 2018 10:11 am
Jan 27th, 2018 12:30 pm
that's not true. half the world wasn't predicting housing market crash in 2005-2007. no one was really.
Jan 27th, 2018 2:48 pm
Jan 27th, 2018 4:20 pm
What's he up to now? I stopped listening in 2015/16 ish. He might have a point with minimum wage though but he did constantly talk about it.burnt69 wrote: ↑ I'd add:
3) He hates minimum wage with a fervor and actually thinks that unemployment would be eliminated if the minimum wage was eliminated.
4) He supports unrestrained immigration and an employer's right to import foreign nationals to displace Americans.
He doesn't talk about those things much anymore, but a few years back, he was so arrogant about that stuff that he'd go to the anti-Wall Street / anti-1% protests, and actually, as a 1%'er, confront the protestors.
Jan 27th, 2018 4:26 pm
Well aside from the almost every podcast rants against his former clients, and his ill fated "move" to Puerto Rico, not much else. He was on Alex Jones/Infowars last week, and basically is calling Alex Jones an idiot on his podcasts now. Whether that's deserved or not, I don't know, but its no surprise to me that he's not exactly a hot ticket to be on shows like CNBC.