Silver Is Set to Sail: SchiffGold Friday Gold Wrap May 17, 2024

  by SchiffGold  0   2

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.


Gold is trading at $2,376 (up $16 since this time last week)
Silver is trading at $29.59 (up $1.45 since this time last week)
BLS Inflation figures for April below expectation (0.3% vs. 0.4% expected)
Meme stocks are on the rise; Game stop and AMC are up nearly 4x and 3x, respectively.

Quote of the week from Charlie Munger:

A lot of people with high IQ’s are terrible investors, because they have terrible temperaments.


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.

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