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Gold Closes Above $2200: SchiffGold Friday Gold Wrap March, 29, 2024


  by SchiffGold  0   2

JD and Joel discuss why gold’s breakout past the $2,200 resistance level means higher highs from here on out. Higher prices are driven by a dovish Fed, weakness in the dollar, and poor economic data. This week they also discuss Peter’s most recent appearance.

OTHER TOPICS DISCUSSED

Gold is trading at $2,233 (up $78 or about 3.5% on the week).
Silver is trading at $24.79 (up $0.31 or over 1% on the week).
Consumer confidence dips on popular pessimism about US economic future
PCE inflation comes in at around expectations (0.3% vs. 0.4% expected)
The dollar has lost a fifth of its value in just four years.
DOJ Lawsuit against Apple
Francis Scott Key Bridge disaster
Peter Schiff’s appearance on Anthony Scaramucci’s Show

Quote from the Book of Proverbs:

A false balance is an abomination to the Lord: but a just weight is his delight.”

TOP ARTICLES THIS WEEK

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 Friday Gold Wrap on Apple Podcasts

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The Friday Gold Wrap on Spotify

The Friday Gold Wrap on Google Podcasts

The above references an opinion and is for information purposes only. It is not intended to be investment advice.

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