It was a volatile week in the gold and silver markets after last week's correction with big swings up and down. Early this week, gold enjoyed a rally back above $,2000 after we learned Warren Buffett has gotten into gold. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about Buffett's move into gold and what it means and why we shouldn't worry about big corrections during this bull run. He also highlights some of the economic data that makes him less than optimistic about a qui...
Aug 21, 2020•14 min
It was a tough week in the precious metals markets. On Tuesday, gold dropped well over 5% and silver plunged more than 13%. It was the worst single-day rout for gold in seven years. That led some to declare the gold bull dead. But SchiffGold Friday Gold Wrap podcast host Mike Maharrey doesn't see it that way. In this episode, he breaks down the reasons for the selloff and explains why there is no need to panic if you're keeping your eyes on the fundamentals. You can visit the show notes page her...
Aug 14, 2020•14 min
Last week, gold broke its all-time record. This week, the express elevator kept going right up taking both gold and silver with it. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about gold's push above $2,000 an ounce and silver's even bigger gains. He also talks about the dynamics driving precious metals higher and why he doesn't think we're anywhere near the top floor. You can visit the show notes page here: https://bit.ly/2PzSDzI Tune in to the Friday Gold Wrap eac...
Aug 07, 2020•14 min
Gold broke its all-time price record on Monday and has held above that level through the week. What is this telling us? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the record-breaking week and what's driving it. He also speculates about where we may go from here. Along the way, he gives an overview of this week's Federal Reserve meeting and highlights some perspectives coming out of the mainstream. You can visit the show notes page here: https://bit.ly/30gTE5I...
Jul 31, 2020•14 min
Gold is knocking on the door of its all-time record price. At this point, it's not a matter of if gold will break its record but when. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the dynamics that are driving both gold and silver higher and explains why he thinks gold has a long way to run even after it breaks the record. He also highlights some more economic data that undermines the "quick recovery" narrative. You can visit the show notes page here: https://b...
Jul 24, 2020•14 min
Despite a resurgence in coronavirus in the US, most people still seem pretty optimistic about economic prospects. Stronger than expected retail sales last month boosted confidence. Most people seem to think if we can just conquer the virus, the economy will be fine. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a deeper look at the underlying economic dynamics and the government response to COVID-19. He argues that we're still living in a bubble economy and we need th...
Jul 17, 2020•13 min
Gold surged passed another key level this week, breaking above $1,800 an ounce for the first time since 2011. And the yellow metal is pulling silver up along with it. What's driving precious metals higher? And can we expect this bull run to continue? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at both the gold and silver markets - what's driving them and where they might be heading next, and why this is different than 2011. He also touches on the escala...
Jul 10, 2020•16 min
Gold just finished Q2 at its highest level in over 8 years, wrapping up its best quarter since 2016. The Fed monetary policy in response to the coronavirus pandemic has put a strong tailwind behind gold. But as host Mike Maharrey details in this week's Friday Gold Wrap podcast, gold has been on a bull run for quite some time - long before COVID-19 reared its ugly head. Why? And what might this tell us about what's ahead? Visit the show notes page here: https://bit.ly/2YWSY52 Tune in to the Frida...
Jul 03, 2020•14 min
Gold staged a solid rally and finally broke above a key resistance level this week. The yellow metal hit an 8-year high on Wednesday and continues to hold above $1,750 an ounce. Meanwhile, we're suddenly starting to see some mainstream bullishness for gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the economic dynamics in play and highlights some of the mainstream attention suddenly being showered on the yellow metal. You can visit the show notes page here:...
Jun 26, 2020•15 min
Jerome Powell ventured to Capitol Hill - virtually - to talk to Congress this week. Powell did what he does best - blew a lot of smoke. Meanwhile, the central bank upped its stimulus ante yet again. In this episode of the Friday Gold Wrap podcast, host Mike Maharry talks about the impact the Fed is having on the economy, along with the news of the week in the gold market. Visit the show notes page here: https://bit.ly/2YQN04b Tune in to the Friday Gold Wrap each week for a recap of the week’s ec...
Jun 19, 2020•13 min
The Federal Reserve met this week and promised to keep pumping out monetary stimulus indefinitely. Meanwhile, the US government added another trillion dollars to the national debt in just 35 days, even as the president and congressional leaders talk about more fiscal stimulus. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about the ramifications of all this endless stimulus and reminds us that what can't go on forever, doesn't. He also covers the week's ups and downs in the g...
Jun 12, 2020•14 min
The economy has gone through the quickest and arguably the deepest collapse in history, but the stock market has been rallying. How can this be? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey says look no further than the Federal Reserve. Despite the economic chaos, it has managed to blow up stock market bubble X.0 He also talks about a move China recently made that ups the ante in the "war on cash." You can visit the show notes page here: https://bit.ly/30awu1b Tune in to t...
Jun 05, 2020•14 min
The Dow Jones is back of 25,000 and despite increasing tensions with China, people seem pretty optimistic about the economic future as states begin to open back up. SchiffGold Friday Gold Wrap host Mike Maharrey says people should know better. He makes his case by digging into some of the long-term ramifications of the economic shutdown and the government/central bank response to it. He also recaps the last month in the gold and silver markets. You can visit the show notes page here: https://bit...
May 29, 2020•14 min
Jerome Powell went on 60 Minutes last week and said there was "no limit" to what the Fed could do to support the economy. Of course, that's not really true. All the central bank can really do is print more dollars. And the economy isn't just about dollars. It's about stuff. In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks about the real problem facing the economy - Powell's "cure." He also puts silver in the spotlight. You can visit the show notes page here: https://bit.ly/3g...
May 22, 2020•12 min
Federal Reserve Chairman Jerome Powell dumped cold water on the notion that we're going to have a quick recovery during a speech this week and begged Congress for more fiscal stimulus. As Friday Gold Wrap host Mike Maharrey put it, Powell and the federal government are the arsonists trying to fight the fire they started. In this episode, Mike talks about Powell's speech and points out just how clueless he really is. He also covers some of the week's economic news and its impact on the gold marke...
May 15, 2020•14 min
People keep talking about the "new normal" we'll all have to adjust to as we recover from the coronavirus pandemic. So, what does that mean for the economy? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks ahead at the new normal, the prospects of an economic recovery and speculates that we might have already caught a glimpse of the future last year. He also covers the gold market and looks at some of the economic data this week. You can visit the show notes page here: h...
May 08, 2020•15 min
US stock markets just had their best month since 1987. Meanwhile, the economic data is as bad as it's ever been. It's almost like a tale of two cities. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into some of the data and explains why the damage to the economy caused by the coronavirus government shutdowns is deeper than a lot of people think. He also talks about silver. It's as cheap as it's ever been in human history. You can visit the show notes page here: https:/...
May 01, 2020•16 min
It was another crazy week on Wall Street with a lot more economic doom and gloom, punctuated by a complete meltdown of the oil futures market. In this week's Friday Gold Wrap podcast, host Mike Maharrey talks about some of the highlights - or lowlights - but he also injects a little optimism into the conversation and offers some constructive advice. Visit the show notes page here: https://bit.ly/2yEMWLC Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political ne...
Apr 24, 2020•16 min
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. You can visit the show notes page here: https://bit.ly/3afRYLI Tune in to the Friday Gold Wrap each ...
Apr 17, 2020•14 min
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 actions? Visit the show notes page here: https://bit.ly/34rk2dz Tune in to the Friday Gold Wrap each...
Apr 10, 2020•14 min
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 economic meltdown. Everything is not going to be fine. He also takes on the myth of the non-essential ...
Apr 03, 2020•13 min
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 stimulated! So, what exactly did the Fed do? What are the long-term ramifications? And can it work? Maharre...
Mar 27, 2020•15 min
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 into some historical perspective. Note: When Mike was quoting the current gold prices, he said it was a...
Mar 20, 2020•14 min
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 this episode of the Friday Gold Wrap podcast, host Mike Maharrey gives an overview of the week's eve...
Mar 13, 2020•13 min
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 visit the show notes page here: https://bit.ly/2IrXiA5 Tune in to the Friday Gold Wrap each week for a ...
Mar 06, 2020•13 min
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 bond market and the gold market. You can visit the show notes page here: https://bit.ly/2wT8Ae1 Tune ...
Feb 28, 2020•10 min
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 root of this gold breakout. He also gets into the subject of inflation. There's more out there than th...
Feb 21, 2020•12 min
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 coronavirus and the markets, consumer debt, and Donald Trump. You can visit the show notes page here: https://...
Feb 14, 2020•12 min
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 to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relat...
Feb 07, 2020•12 min
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 this week's Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also touches on the Q4 GDP...
Jan 31, 2020•11 min
