Silver Is Set to Sail: SchiffGold Friday Gold Wrap May 17, 2024

Gold and silver are up again this week and poised to sail away once the Fed lowers interest rates. Joel and JD discuss recent price action, meme stocks, Fed policy, and what to look out for before prices rise further.

OTHER TOPICS DISCUSSED

• • Gold is trading at $2,376 (up $16 since this time last week)
  • Silver is trading at $29.59 (up $1.45 since this time last week)
  • BLS Inflation figures for April below expectation (0.3% vs. 0.4% expected)
  • Meme stocks are on the rise; Game stop and AMC are up nearly 4x and 3x, respectively.

Quote of the week from Charlie Munger:

A lot of people with high IQ’s are terrible investors, because they have terrible temperaments.

TOP ARTICLES THIS WEEK

• Platinum Enters its Second Year of “Substantial” Deficit
• Six of Eight Fed Inflation Categories are Above the 12-month Trend
• New Schiff Interview: America Needs to Go Cold Turkey on Debt
• Soaring Inflation is Making Home & Car Insurance Unaffordable
• Peter Schiff: Biden Lies Again on Inflation
• Schiff on Business Matters: Consumers Are in Big Trouble

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.