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POSTED ON June 10, 2022  - POSTED IN Friday Gold Wrap

The Consumer Price Index (CPI) data for May came out this morning. The projection was for another hot headline number but some relief in core CPI. This would seem to indicate we’ve passed peak inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharey explains why “good news” in the CPI data would be bad news for inflation. Then he reacts to the data in real-time. (Hint — it wasn’t good news.)

POSTED ON June 9, 2022  - POSTED IN Original Analysis

Everybody was thrilled to get stimulus checks in the mail during the COVID-19 pandemic. “It’s free money!” many exclaimed. But nothing in life is free. This includes “free” things handed out by the government.

So today, you’re paying for those stimmy checks and the government pandemic spending spree.

POSTED ON June 3, 2022  - POSTED IN Friday Gold Wrap

Why haven’t gold and silver rallied as one would expect in such a high inflation environment? In this episode of the Friday Gold Wrap, host Mike Maharrey delves into some of the psychology driving the markets and explains why it could be blinding people to just how serious the economic situation has become. He also reports some news that indicates some people may be starting to figure it out.

POSTED ON May 31, 2022  - POSTED IN Interviews

In the spring of 2021, the Fed was still insisting spiking inflation was “transitory.” Fast forward one year. Inflation is as hot as ever. Fed Chair Jerome Powell was forced to abandon the transitory narrative last fall. In April, the CPI was up 8.3% on an annual basis. Today, Powell admits the Fed was wrong, but claims everybody else made the same mistake.

Well, not everybody, as the following clips prove.

POSTED ON May 27, 2022  - POSTED IN Friday Gold Wrap

When the Federal Reserve tinkers with interest rates, it creates all kinds of economic distortions. This is very obvious in the housing market. Over the last couple of years, the Fed blew up a giant housing bubble. Now, the central bank has pricked that bubble. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the housing market as a microcosm of the broader economy.

POSTED ON May 25, 2022  - POSTED IN Key Gold Headlines

The Fed has barely started raising interest rates but the air is already seeping out of the housing bubble.

New single-family home sales plunged by 16.6% from March and were down 26.9% year on year. New home sales dropped to the lowest level since the lockdown in April 2020.

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