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June 23, 2023Friday Gold Wrap

All You Do to Me Is Talk Talk: SchiffGold Friday Gold Wrap June 23, 2023

Fed Chair Jerome Powell went to Capitol Hill this week and talked. His open-mouth operations dominated the financial news and drove gold lower. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into Powell’s comments, reads between the lines, and points out a couple of things Powell got completely wrong. He also talks about some actual economic news that most people just ignored.

TOPICS DISCUSSED

  • National debt eclipses $32 trillion
  • Why the national debt is a ticking time bomb
  • Leading economic indicators tank again
  • Powell keeps up hawkish talk
  • Reading between the lines on two Powell comments
  • Two things the Fed chair got wrong

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.

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.

LISTEN

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SHOW NOTES

Leading Economic Indicators

US Debt to the Penny

Price Inflation Is Eating Everybody’s Lunch

Kenyan President Urges Shift Away From Dollar in African Trade

Jobs Data Doesn’t Add Up

Powell Sends Mixed Messages as He Chickens Out on Rate Hikes

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