JD and Joel discuss gold's breakout past the $2,200 resistance level. Higher prices are driven by a dovish Fed, weakness in the dollar, and poor economic data. This week they also discuss Peter's most recent appearance.
OTHER TOPICS DISCUSSED
-Gold is trading at $2,233 (up $78 or about 3.5% on the week).
-Silver is trading at $24.79 (up $0.31 or over 1% on the week).
-Consumer confidence dips on popular pessimism about US -economic future
-PCE inflation comes in at around expectations (0.3% vs. 0.4% expected)
-The dollar has lost a fifth of its value in just four years.
-DOJ Lawsuit against Apple
-Francis Scott Key Bridge disaster
-Peter Schiff's appearance on Anthony Scaramucci’s Show
Quote from the Book of Proverbs:
A false balance is an abomination to the Lord: but a just weight is his delight.”
TOP ARTICLES THIS WEEK
-What the Baltimore Bridge Disaster Could Mean for The Economy
-Piketty's Inequality Con
-Money Supply Dips For First Time Since November
-New Peter Schiff Interview: We're Paying the Price for Deficits
-Dollar Down 20% Since 2020, Biden Blames Greed
-CFTC CoTs Report: Managed Money Still Driving Prices
Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary. For more information visit schiffgold.com/news.
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