Wall Street’s Favorite Trades Are Falling Apart While Gold Refuses To Break
Peter Schiff highlights a major decline in risk assets, with tech, AI, and crypto collapsing post-Nvidia earnings. Bitcoin and crypto stocks are plummeting, while gold and silver remain strong, indicating a stable bull market. Schiff points to Asian buying, a weakening yen carry trade, and potential Japanese Treasury sales affecting U.S. markets. He predicts a significant shift towards gold by 2026, led by central banks, as crypto and tech falter.
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Peter Schiff says this week marks a major unraveling of risk assets. After Nvidia’s (NVDA) earnings spark a brief bump, tech, AI, and especially crypto collapse. Bitcoin plunges and crypto-linked stocks get wiped out, showing the bubble is deflating fast unless Trump bizarrely bails it out.
Gold and silver stay firmly above key levels ($4,000 and $50) despite volatility, proving the bull market is intact. Schiff highlights Asian buying, a weakening yen carry trade, and the possibility of Japan dumping Treasuries—adding pressure to U.S. markets.
He argues 2026 will bring huge institutional and retail rotation into gold, with central banks already leading the way. With crypto and tech breaking down, Schiff says the only bull market still standing is precious metals, and the move is just beginning.
Video Length: 00:36:18
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