Yellen in a Box and a Retail Bloodbath: SchiffGold Friday Gold Wrap Podcast Sept. 22, 2017
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.
In this episode, we talk about this week’s hawkish Federal Reserve Open Market Committee meeting. Yellen indicated we can expect another rate cut this year, and announced the Fed will move forward with shrinking the balance sheet. We think Yellen and company are over-optimistic. In fact, Yellen has put herself in a box. We also talk about the Toys R Us bankruptcy and more generally discuss this year’s retail bloodbath.
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JD and Joel discuss gold’s underrated new all-time high, silver nearing $30 per oz, higher-than-expected inflation, the Fed’s response, and why buyers today can expect to pay lower premiums.