In this week’s Friday Gold Wrap Podcast, JD and Joel discuss why gold is down this week, Powell’s comments on 60 Minutes about the debt, and some Valentine’s Day thoughts inspired by Austrian economist Carl Menger.
The Dow Jones suffered its biggest one-day drop since August on Tuesday, falling 363 points. The Dow has lost 540 points in two days, the biggest decline since September 2016.
According to analysts quoted by CNN, fear of a tanking bond market is one of the main factors behind the stock market dip.
The bond market has been selling off lately. That’s raising fears that the era of extremely low bond rates — which has been very good to the stock market — could soon be over.”