What’s Fueling Silver’s Upswing: SchiffGold Friday Gold Wrap July 5 2024
Gold closed the week at $2,391 and silver closed up 7% at $31.20. JD and Joel explain what’s beneath this massive price upswing, drill into recent US jobs reports, and ponder the hypocrisy of power-hungry politicians.
OTHER TOPICS DISCUSSED
-
- Investors give 72.5% chance of a September interest rate cut
- ISM manufacturing numbers show biggest contraction since COVID
- Jobs: ADP jobs report reveals 10,000 jobs less than expected; US unemployment data higher than expected (4.1% vs. 4.0%)
- UK Labour Party landslide victory
- Politicians who mandated masks now ban them
- Vacation financing at vicious interest rates
Quote of the Week:
If liberty means anything at all, it means the right to tell people what they do not want to hear.” George Orwell
TOP ARTICLES THIS WEEK
-
- Treasury Finally Issues Some Long-Term Debt
- Jobs: QCEW Shows Further Evidence of Wildly Inaccurate Headline Report
- US Budget Crisis Will Impoverish American Families
- Summer Feeling Hotter Than Usual? Gold Could Be Too
- Liberty & Inflation for All: Fireworks Shows are Scaling Down
- Is France the Next Greece?
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.
Listen on Youtube
The Friday Gold Wrap on Apple Podcasts
The Friday Gold Wrap on Stitcher
The Friday Gold Wrap on Spotify
The Friday Gold Wrap on Google Podcasts
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
