The Peter Schiff Show Podcast - Episode 518 Recorded December 6, 2019 Dow Up From Last Week's Trade Deal Woes The Dow Jones closed out the week with 3 plus days in a row, culminating in today's 337 point jump, back above 28,000 - the Dow settling in at 28,015.06.  Remember, when I recorded my podcast on Tuesday, we had just finished 3 consecutive down days in a row, and that's been reversed.  The catalyst for the decline, prior to my last podcast was negative news on trade.  In particular, the news that Donald Trump, at a press conference, let the cat out of the bag and said, "As far as I'm concerned, it would be better if we waited until after the election to have a trade deal with China. And, of course, the markets were expecting a trade deal any day and all of a sudden Trump is saying, "Hey, I think it's better to wait until after the election." - which is a year from now. Of course, it's not a lock that Trump is going to win a second term. Nonetheless, that was a negative for the market. Positive Trade News Equals New Dow Highs Well, what happened, was, on Monday morning, pretty much before they even rang the bell, the White House was already doing damage control and walking that back because all of a sudden I started reading these headlines, "White House Says Trade Talks Going Well". Of course, that means nothing. But you have a lot of traders now who are keying in on these press releases. As soon as they see any positive news, they just buy. As long as positive trade news makes the market go up, whenever they see the positive trade news, they're going to buy. Will We Ever Have a Fact to Sell On? The reason that all of this news makes people want to buy stocks is because everybody believes that when we do get a deal, the stock market's going to soar. So everybody wants to be in so they can sell that rally. Of course, I've been saying since the beginning that I think it would be a "buy the rumor, sell the fact", which is why we're probably never going to have a fact to sell. RATE AND REVIEW this podcast 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 Open your Goldmoney account today: https://www.Goldmoney.com/ Buy my newest book at http://www.tinyurl.com/RealCrash Like and follow Peter Schiff on Facebook http://www.Facebook.com/PeterSchiff Follow me on Twitter: http://www.Twitter.com/PeterSchiff ... https://www.youtube.com/watch?v=yrX6EIlRLiU

The Peter Schiff Show Podcast - Episode 447 RATE AND REVIEW this podcast on Facebook. https://www.facebook.com/PeterSchiff/reviews/ Another "Greatest Deal Ever" - 'The Dow rose a little over 180 points today, closing above 26,000 -26,031.81, to be exact, for the first time during this bear market rally.  I still believe that we are in a bear market rally, not a new bull market. the catalyst for today for today's stock market strength, and it was across the board; the markets were strong from the opening bell to the closing bell.  I think the high in the Dow was maybe just above 200; we sold off intra-day.  But the NASDAQ, the Russell 2000 were also higher on, again, optimism that there is going to be a trade deal between the U.S. and China.  Donald Trump is saying that he is negotiating the greatest deal ever, which is something that I have been saying, regardless of what the deal ends up being, Trump is going to say "It is the Greatest Deal Ever". What Helps China Is an Appreciating Yuan - ... https://www.youtube.com/watch?v=-JHNWAx4cnQ