Gold Closes Above $2200: SchiffGold Friday Gold Wrap March, 29, 2024
JD and Joel discuss why gold’s breakout past the $2,200 resistance level means higher highs from here on out. 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
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.
