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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.
This week flashed early warning signs of a recession as gold and silver prices rose yet again. Despite an inflationary environment, non-essential goods are getting price cuts as the Fed reassures the public that rates won’t go higher.
Silver broke $30 per ounce and gold $2,500 this past week. Joel and JD unpack the recent breakout and Peter Schiff’s analysis, and what to look out for in the leg up.
Gold and silver are up again this week and poised to sail away once the Fed lowers interest rates. Joel and JD discuss recent price action, meme stocks, Fed policy, and what to look out for before prices rise further.
