You have questions. Friday Gold Wrap host Mike Maharrey has answers. In this episode of the podcast, Mike answers questions submitted by listeners. He covers topics ranging from the American Silver Eagle shortage to the best states for sound money.
The November Trade Deficit saw the first contraction in four months and actually fell to the lowest level since October 2020. This was primarily driven by a collapse in Imported Goods as shown below.
A bill introduced in the Missouri Senate for the 2023 legislative session would take important steps toward treating gold and silver as money instead of as commodities and would set the stage for currency competition in the Show-Me State.
Jerome Powell still insists the Federal Reserve can beat inflation while bringing the economy to a “soft landing.” But there are underlying issues in the economy that make it extraordinarily doubtful that the economy can avoid a major downturn – despite Powell’s claims to the contrary.
One of the biggest problems facing the Fed is the amount of debt in the global economy.
Key Takeaways
- The price of Bitcoin has been suspiciously stable following the epic collapse of FTX less than 2 months ago
- The whales are defending the Bitcoin price at $16,000 waiting for interest to flood back into Bitcoin
- It’s hard to imagine a bigger hype train than 2021 which means Bitcoin may not make a new all-time high
For the last several years, we’ve enjoyed the fruits of an economic bubble blown up by easy money and debt. But ultimately, that debt is going to be the economy’s undoing. Simply put, these debt levels are unsustainable without runaway inflation.
So, pick your poison.
Silver demand in 2022 is expected to chart an all-time high.
This is one of several silver-related stories in the latest edition of Silver News published by the Silver Institute.
We’re just a few days into the new year. How are resolutions going?
Mine are going fantastic!
I didn’t make any.
Please note: the CoTs report was published 12/30/2022 for the period ending 12/27/2022. “Managed Money” and “Hedge Funds” are used interchangeably.
Gold finished the year on a strong note, with Managed Money reaching a net-long position of 50k. This is the largest net long position for Managed Money going back to June 2022.
