A September Sell-off?: SchiffGold Friday Gold Wrap August 30 2024
Gold closed the week at $2,502 (down $10 since last week) and silver at $28.83 (down about $1). This episode we discuss recent price action, the historic volatility in September and October, and economic weakness from Germany to China.
OTHER TOPICS DISCUSSED
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- US Consumer confidence reaches 6-month high at 103.3
- Q2 GDP numbers revised upward to 3%
- US jobless claims about at expectations at 231,000
- German business climate index drops to lowest level since summer 2020
- Chinese retailer Temu’s parent company suffers $50b+ market cap wipeout
- Key headlines to look out for in week ahead
Quote of the Week:
The four most dangerous words in investing are: ‘This time it’s different.'”
-Sir John Templeton
TOP ARTICLES THIS WEEK
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
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The above references an opinion and is for information purposes only. It is not intended to be investment advice.
