SchiffGold Friday Gold Wrap Podcast

Gold sold off overnight and stock futures soared after President Trump offered some guidelines to "reopen America." There was also news of a promising COVID-19 treatment. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey throws a bucket of cold water on all of the optimism. He explains why the economy won't likely just roar back to life even with an end to the economic lockdown....

The economic lockdowns continued and another 6.6 million Americans joined the ranks of the unemployed this week. But the stock market rallied? How can this be a thing? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains what's going on. And then he asks the burning question: what's next? What is the exit strategy from all of these unprecedented government and central bank...

As the coronavirus economic lockdown drags on, there seems to be a lot of delusional thinking out there. Many people seem to believe that at some point, President Trump will snap his fingers and the economy will roar back to life. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the numbers and makes the case that this is actually the early stages of an unprecedented ec...

On Monday, the Fed announced QE infinity and by mid-week, Congress had agreed on a $2 trillion stimulus package to battle the economic impacts of the coronavirus. That launched us into a bizarro world where a weekly record of over 3 million unemployment claims led to a huge stock market rally. As Mike Maharrey put it in this Week's Friday Gold Wrap podcast, ladies and gentlemen, we've been stimula...

It's been another week of selloffs in the markets. It's not just stocks. Everything is selling off. The only thing really gaining right now is the US dollar. Meanwhile, the government is promising bailouts for all. In this episode of the Friday Gold Wrap, host Mike Maharrey looks ahead at the possible ramifications of all this "stimulus" money. He also puts the recent drop in the price of gold int...

It appears we've pretty much reached complete panic mode. The longest bull market in history came to an abrupt end on Wednesday. Wall Street followed up with another massive sell-off on Thursday.  The S&P 500 had its worst day since Black Monday in 1987. Even gold was down. Meanwhile, the Fed tried to stem the tide, announcing a new round of quantitative easing. But the tide wasn't stemmed. In thi...

It's been a roller-coaster ride on Wall Steet. Stocks whipsawed up and down -- mostly down. Gold dipped and then rebounded. And the Fed cut rates in a move that looked an awful lot like a replay of 2008. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the topsy-turvy week and tries to make sense out of what's going on and where it might lead us. You can vis...

It's been a wild ride on Wall Street this week -- all downhill. Stocks entered correction territory Thursday and are on track for the worst week since the 2008 financial crisis. As Peter has put it, this stock market is a bubble looking for a pin. Is the coronavirus the pin? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about this chaotic week in the stock market, the b...

Gold broke out this week. The yellow metal pushed through the $1,600 level and continued to climb. Conventional wisdom tells us this is all about safe-haven buying due to fear that the coronavirus will stunt global economic growth. That is certainly a factor. But could there be more to it than that? On this week's Friday Gold Wrap podcast, host Mike Maharrey talks about what he thinks is at the ro...

Jerome Powell went to Capitol Hill this week. During his testimony before a congressional committee, the Fed chair insisted, "There is nothing about this economy that is out of kilter or imbalanced." In this episode of the Friday Gold Wrap Podcast, host Mike Maharrey takes issue with Powell's assessment and points out some things that are, in fact, way out of kilter." He also touches on coronaviru...

Gold took a hit on Tuesday but held a key support level and rebounded as the week went on, even as stocks set new records. Why does gold continue to keep showing strength even with all the headwinds? Is it just coronavirus? Or is something else going on? Host Mike Maharrey talks about it in this week's Friday Gold Wrap podcast. You can visit the show notes page here: https://bit.ly/389uO9g Tune in...

The Federal Reserve held its first FOMC meeting of 2020. It was mostly met with yawns as the Fed held rates steady, and despite a somewhat dovish tone, indicated that it probably wouldn't make any moves on interest rates this year. We've grown so used to low interest rates that it barely registers that the Fed is actually engaged in extreme monetary policy. Extreme has become the new normal. In th...

While impeachment proceedings kicked off at home President Trump was in Davos, Switzerland, talking up the US economy. He called it the best economy in American history. Is it though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the economy, what's really driving it, and why this might be a good time to think about gold. You can visit the show notes page here: ht...

Donald Trump and Chinese Vice Premier Liu inked their signatures on the Phase 1 trade deal this week. But was it really a big deal? Or was it no deal? Mike Maharrey talks about it on this week's Friday Gold Wrap podcast. He also talks about why the gold market seems to be holding steady despite some strong headwinds and the outlook for the yellow metal in 2020. Visit the show notes page here: http...

The sound of war drums dominated this week. After Iran launched missiles at US bases in Iraq in retaliation for an airstrike that killed an Iranian general, gold spiked to over $1,600 an ounce -- an eight-year high. But tensions seem to have eased and the price of gold with it, as the war drums have quieted. So, what did we learn from this and what's next for the gold market? Host Mike Maharrey ta...

Gold had a pretty good run in 2019. In fact, it was the best year for the yellow metal in nearly a decade. So what's in the cards as we rush headlong into the 2020's? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks back at 2019 and highlights some of the things that drove precious metals markets. Then he pivots and looks ahead at 2020 and beyond. Where are we going and wh...

Gold is finishing up 2019 with a bang, pushing back above the psychologically significant $1,500 per ounce this week. Although there are a few trading days left, gold appears set to end the year with a better than 17% gain. In the last Friday Gold Wrap podcast of 2019, host Mike Maharrey takes us through a quick overview of what he considers to be the five biggest stories of the year driving preci...

It was an eventful week as far as news goes, but a rather quiet one in the gold and silver markets. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey covers impeachment and the phase 1 trade deal. He also talks about politicians and their propensity to break things and then woo us with promises to fix them. It's a little bit like an arsonist coming to the rescue and putting out t...

We have a trade deal! Maybe. Meanwhile, the Fed wrapped up its last FOMC meeting of the year this week and did nothing. But Powell and Company did give us some indication about what we should expect next year. The week's news played tug-o-war with gold. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks it all down and says there's a lot to be skeptical about, both with the trade d...

We've seen new records in the stock market in recent weeks. The headlines tell us it's all because of a potential trade deal, but Friday Gold Wrap host Mike Maharrey doesn't buy it. He says it's really all about Fed money printing. That may juice the stock market, but there's a downside - inflation. In this episode of the podcast, Mike talks about it along with the week's gold news. You can visit...

Do we even need the Federal Reserve? Whether on the political left, right, or in the middle, virtually everybody thinks we do. After all, without the Fed, we'll have wild economic swings and crashes. Economist Edward Stringham disagrees. In this It's Your Dime Interview, he talks about it with host Mike Maharrey and makes the case that the economy would function just fine without a central bank pu...

Stock markets hit new highs again this week. If you believe the headlines, the bullishness on Wall Street is mostly a function of trade deal optimism. But there's another factor driving stocks higher - easy money courtesy of Federal Reserve (not) quantitative easing. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the impact QE4 is having on the markets and some delicious i...

It's been a pretty dreary week on Wall Street with another round of trade war pessimism. Otherwise, there hasn't been a lot of economic news to roil markets and precious metals have remained pretty much rangebound. But host Mike Maharrey has a silver lining for you on this episode of the Friday Gold Wrap podcast, along with a little Fed analysis. You can visit the show notes page here: https://bit...

There was more optimism about a trade deal this week. There was also more pessimism about a trade deal this week. Markets reacted accordingly. But there was some other interesting news out there. Jerome Powell lectured Congress about the national debt and last month's inflation data came in hotter than expected. Host Mike Maharrey covers these stories and more, and basically ignores the trade war...

It's been a tough week for gold and silver and a record week for stocks because of -- you guessed it -- optimism about a trade deal. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the news of the week. Along the way, he also compares fickle investors obsessed with the latest trade war headline to a delusional sports fan who can only fixate on his team's most recent...