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Peter Schiff, CEO and chief global strategist of Euro Pacific Capital, comments on market dynamics. Gold and silver miners are performing strongly despite declines in both metals.
Peter Schiff also notes that while major media outlets question the future of gold, the bullish phase for Bitcoin may have already ended.
Earlier this year, Schiff highlighted a 0.6% rise in U.S. consumer prices for April, noting the annual inflation rate reached 7.4% and exceeded the Federal Reserve’s target (link). He also observed the 30-year U.S. Treasury yield nearing a 19-year high as national debt surpassed $39 trillion (link). Schiff’s recent comments come as market participants weigh these ongoing macroeconomic pressures.