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

· Stock market has its biggest crash since 2020 covid lockdowns. · Food prices see biggest year over year increase since 1979. · #Bitcoin gets smoked. · #Fed needs to make some hard political decisions if it wants to stop inflation. · Get exposure to gold now before the entry point is a lot higher. Go to https://shopify.com/gold for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. ? 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://peterschiff.locals.com/ 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 Peter Schiff on Facebook: http://www.Facebook.com/PeterSchiff ? Follow Peter Schiff on Twitter: http://www.Twitter.com/PeterSchiff ? Follow Peter Schiff on Instagram: https://Instagram.com/PeterSchiff #inflation ... https://www.youtube.com/watch?v=0w0xHNIXUh0

The Peter Schiff Show Podcast - Episode 94 http://www.USTaxFreeZone.com ... https://www.youtube.com/watch?v=FMwpuR6iEyA

Listen Live Weekdays 10am to noon ET on http://www.SchiffRadio.com Buy my newest book at http://www.tinyurl.com/RealCrash Friend me on http://www.Facebook.com/PeterSchiff Follow me on http://www.Twitter.com/PeterSchiff ... https://www.youtube.com/watch?v=fDR9YmBl7IA