Gold closed the week at $2,495 (down $8 since last week) and silver at $27.89 (down about $1). This episode unwraps layers of poor jobs data, yield curve inversion and the coming recession, and what this could mean for gold and silver prices.
OTHER TOPICS DISCUSSED
-ADP jobs report 99k new jobs in August, short of 144k forecast
-BLS non-farm payroll show disappointing increase of 142k
-NYT challenge the BLS
-US treasury yield inversion forewarns of recession
-Should you buy at all-time highs?
Key headlines to look out for in week ahead
Quote of the Week:
The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty."
-Proverbs 21:5
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below.
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The above references an opinion and is for information purposes only. It is not intended to be investment advice.