J. Powell’s Word-Salad: SchiffGold Friday Gold Wrap Oct. 11, 2019

Everybody is talking about the possibility of a trade deal.

Well, maybe not everybody. In this episode of the Friday Gold Wrap, host Mike Maharrey rehashes his standard trade war observations and then moves on to bigger news – Jerome Powell’s announcement that the Fed is resuming QE. Of course, Powell didn’t exactly say that. In fact, he tried to say the opposite in a statement that Mike describes as “word salad.” In this episode, Mike breaks down what’s going on with the Fed and why it matters a lot more than the possibility of a trade deal. He also covers some important gold-specific news that came out this week.

The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.

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.

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SHOW NOTES
2019 Deficit Estimated at Just a Hair Under $1 Trillion
ETF Gold Holdings Hit All-Time Record High
Central Bank Gold-Buying Ramps Up Again
Fed Ups Repo Ante; Injects Longer-Term Cash into Banking System to Hold Rates Down