Tensions between the U.S. and Iran are less diffused than everyone seems as the propaganda strengthens on both sides of the political theater. NASDAQ, Dow, S&P hit new record highs. Trump is eager for Dow to hit 30k so he can tweet up a storm claiming credit. Risk premiums for crude and gold are still there although gold mining stocks got obliterated as war became less imminent. Investors were spooked as gold dropped from $1610 to $1540 in a 24 hour period. Despite gold mining stocks getting crushed, gold itself is up 2% for the year. This presents an even better buy for gold stocks as they catch up to gold’s $1550 support. People are underestimating the popularity of socialism in America and investors are underestimating the possibility of a Bernie Sanders win. A lawsuit tries to postpone California’s new law aimed at the gig economy. Lawmakers say it’s to protect independent contractors, but it’s the independent contractors filing the lawsuit. The Peter Schiff Show Podcast - Episode 526 Recorded January 8th 2020 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