As gold has rallied over the last few months, silver has lagged behind. The silver-gold ratio spread to near-record levels. This tells us that silver is extremely undervalued compared to gold. But last Tuesday, that spread began to narrow ever-so-slightly and silver crossed a key price level on Thursday. Could this be the beginning of the breakout in silver we've been expecting? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what's going on in the silver market, ...
Jul 19, 2019•12 min
Jerome Powell took center stage this week and the Federal Reserve chair didn't do anything to dampen expectations of a rate cut. That sent both stocks and gold higher. The yellow metal pushed back above $1,400 after tanking in the wake of last Friday's June jobs report and stocks swooned. Everybody seems to love Easy Street. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down what the Fed chair said and didn't say. He also debunks the "there is no inflation" myth and ...
Jul 12, 2019•12 min
Gold has gone through some wild mood swings this week. It plunged back below $1,400 per ounce on Monday only to rally and climb back above that key level on Tuesday. What's driving these fluctuations? And what should investors be focusing on? Mike Maharrey talks about it in this week's Friday Gold wrap. He also touches on some positive signs in the silver market, the global movement toward de-dollarization, and he remembers a friend of liberty who passed away this week. You can visit the show no...
Jul 05, 2019•11 min
And just like that, gold was over $1,400. Just a couple of weeks ago, we were talking about how gold was struggling to crack through the key $1,300 level. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the main drivers behind the gold market right now, including the trade war and central bank mechanizations. He also covers some supply and demand fundamentals. You can visit the show notes page here: https://bit.ly/2xj7tS4 Tune in to the Friday Gold Wrap each week for a re...
Jun 28, 2019•12 min
The government is regulating you to death. Sometimes literally. But there are some things you can do about it. In this episode of It’s Your Dime, host Mike Maharrey talks about it with libertarian activist and author Mary Ruwart. Dr. Ruwart is a research scientist, ethicist, and a libertarian author/activist. She received her B.S. in biochemistry in 1970 and her Ph.D. in Biophysics in 1974 (both from Michigan State University). She continues to do biomedical consulting. Since 1982, Dr. Ruwart ha...
Jun 24, 2019•35 min
The Federal Reserve held its June Open Market Committee Meeting this week and it looks like Powell and company are fresh out of patience. In fact, that word didn't come up once. And while the Fed held pat on interest rates, for now, virtually everybody is betting on a rate cut in the near future. This has caused gold to surge to prices not seen in nearly six years. Meanwhile, American consumers are still running up debt and the Chinese are shedding it. In this episode of the Friday Gold Wrap, ho...
Jun 21, 2019•13 min
Gold has crashed through another key resistance level and is on track for its fourth consecutive weekly gain. What is driving gold into the spotlight? Host Mike Maharrey talks about it in this week's episode of the Friday Gold Wrap podcast. He also raises an important question - what is all this going to look like when the recession really takes hold? You can visit the show notes page here: https://bit.ly/2Rk4cLh Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and po...
Jun 14, 2019•12 min
There are two major factors driving markets right now - fear that tariffs are going to push the global economy into recession and hope that the Federal Reserve and other central banks will rescue it. What are the markets getting right? And what are they getting wrong? Friday Gold Wrap host Mike Maharrey talks about it. You can visit this show notes page here: https://bit.ly/2MyNidj Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to go...
Jun 07, 2019•12 min
President Trump launched Tariff War 2.0 yesterday. And we haven't even wrapped up Trade War 1 yet. The president shocked markets when he announced a 5% tariff on all Mexican products in an effort to force Mexico to do more to stop the flow of illegal immigration into the US. In this episode of the Friday Gold Wrap, host Mike Maharrey gives you the details and talks about the impact of these new tariffs on the markets. He also discusses what the bond market is telling us about a looming recession...
May 31, 2019•13 min
There is plenty of debate about tariffs right now. A lot of people oppose them because they support free trade. A lot of people support them because they believe they protect US industry. Others think tariffs are a great tool to force other countries - specifically China - to engage in fair trade. In today's Friday Gold Wrap podcast, host Mike Maharrey argues that no matter what you think about tariff policy, you should pause and count the cost because tariffs are taking money out of your wallet...
May 24, 2019•13 min
The markets have been up and down this week, riding the trade war roller coaster. And analysts can't seem to decide if the data of the day is telling us that the economy is sound or slowing. But we do know one thing for sure - there is a lot of debt out there, and there are signs that it might be catching up with us. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks student loan and auto loan debt, and what it be telling us about the economy. He also covers some of the la...
May 17, 2019•13 min
We’ve seen growing support for a universal basic income or UBI. In a nutshell, the government would pay every citizen a set amount of money without any means testing or work requirement. Democratic Party presidential candidate Andrew Yang has made UBI a central issue in his campaign. Under his plan, every American over the age of 18 would get $1,000 per month, guaranteed. This sounds great, doesn’t it? Who doesn’t want free money? But the plan raises a few questions — like how would the governme...
May 14, 2019•36 min
Trump has leveled a lot of criticism at the Federal Reserve over that last several months. This has led some people to proclaim that the president is an enemy of the Fed. But as Mike Maharrey explains in this week's Friday Gold Wrap podcast, Trump is no Ron Paul. The president's beef with the Fed is more about policy and less about the central bank itself. And we should never forget -- policy has consequences. In this episode, Mike gives a simple overview of how the Fed creates boom-bust cycles ...
May 10, 2019•12 min
The Federal Reserve FOMC met this week. When it was all said and done, the Fed did nothing. We're stuck in neutral. As expected, there was no rate hike. Fed Chair Jerome Powell indicated that the central bank would likely maintain this neutral stance into the foreseeable future, staying patient, neither raising nor lowering rates. So, why in the world did markets react like the Fed just jacked up interest rates? On this episode of the Friday Gold Wrap, host Mike Maharrey talks about it. He also ...
May 03, 2019•12 min
The mainstream pundits and economists keep telling us inflation is "tame." But is it really? Or are they just not looking in the right place? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about inflation and how it factors into the bubble economy. He also covers the week's activity in the gold market and gives you your daily dose of dumb. Visit the show notes page here: https://bit.ly/2Vz0Usk Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and pol...
Apr 26, 2019•12 min
Just a few weeks ago, the mainstream was worried about economic growth. Now, all of a sudden, the mainstream is bullish about economic growth. It seems like the high from the Fed's monetary heroin has fully taken hold. And it's not just in the US. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about how central bank monetary policy and government economic stimulus is impacting economies. It's fun being high ... until you're dead. He also covers some interesting developments in...
Apr 19, 2019•11 min
Gold has been rangebound for months, gyrating up and down around the $1,300 mark. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about this "wash, rinse, repeat" cycle we're seeing in the precious metals markets and then pivots into a discussion of some more fundamental dynamics. Mike touches on the financial condition of the US federal government, surging central bank demand for gold and the positive dynamics he's seeing in the silver market. You can visit the show notes page...
Apr 12, 2019•13 min
In this week's Friday Gold Wrap, Mike Maharrey covers some more bad signs in the economy, including rising oil prices, an unexpected drop in retail sales and a surge in negative-yielding government bonds. At best, it looks like the economy is slowing down. Or it could be the prelude to the next crisis. This raises an important question: who's going to save us? Mike suggests we probably shouldn't be counting on the politicians or the central bankers. You can visit the show notes page here: https:...
Apr 05, 2019•13 min
The federal government set an all-time record budget deficit in February. And this is with a Republican in the White House. The GOP is supposed to be the fiscally responsible party. In this episode of the Friday Gold Wrap, host Mike Maharrey offers some interesting analysis that reveals spending money in Washington DC is really a bipartisan sport. He also talks about Thursday's selloff in gold and silver, explains why dollar strength is something of an illusion and illustrates how the way "the m...
Mar 29, 2019•13 min
Bill Greene's biggest claim to fame is spurning Donald Trump and voting for Ron Paul as a member of the electoral college in 2016. But Bill is more than just a "faithless elector." He's an assistant professor of political science at South Texas College, and an expert on "constitutional tender" and sound money. In this edition of It's Your Dime, host Mike Maharrey talks to Bill about his experience as a member of the electoral college and the importance of reestablishing gold and silver as legal ...
Mar 28, 2019•38 min
The Fed wrapped up another FOMC meeting this week and came out even more dovish than expected. Rate hikes are off the table in 2019 and the central bank now only expects one hike in 2020. In his episode of the Friday Gold Wrap, host Mike Maharrey talks about the meeting and the dirty little secret Reuters let slip out. The goal here is to get you to spend more money and keep the bubble full of air. As Mike put it, "The Fed is trying to feed the debt monster and it wants you to pick up the tab." ...
Mar 22, 2019•12 min
Federal Reserve Chairman Jerome Powell appeared on 60 Minutes last Sunday to reassure us that the US economy is great. There's nothing to worry about. So, why the sudden reversal in monetary policy? According to Powell, the Fed is just worried about slowing global growth. But as Mike Maharrey discusses in this week's Friday Gold Wrap, it's pretty clear the real problems are right here in the good ol' US of A. Mike also covers the latest in precious metals news, with a focus on silver. You can vi...
Mar 15, 2019•13 min
Central bankers and politicians think they can run the economy. They can't. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into some fundamental economic theories that explain why these central planners will always fail, no matter how noble their intentions. Visit the show notes page here: https://bit.ly/2TI0kYk Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commentary....
Mar 08, 2019•12 min
Eric Peters is known as "the libertarian car guy." But even if you aren't particularly interested in automobiles, you'll want to listen to this interview. Mike Maharrey and Eric not only talk about what's going on in the auto market - an important economic barometer - but they also cover a range of topics from the Green New Deal, to electric cars, to the nanny state. TOPICS DISCUSSED Auto mandates in the Green New Deal. The practical feasibility of electric cars. How government fatwas have disto...
Mar 05, 2019•38 min
Jerome Powell went to Capitol Hill this week and continued to preach patience. In other words, the Powell Pause is still firmly in play. In fact, the Fed chair confirmed that balance sheet reduction is a done deal. But why this sudden patience? In this episode of the Friday Gold Wrap podcast, Mike Maharrey talks about it. He also covers the Q4 GDP report, reveals some more bad economic data and reviews gold's rollercoaster February. You can visit the show notes page here: https://bit.ly/2BXOkI0 ...
Mar 01, 2019•12 min
Gold pushed up against a significant resistance level this week and then sold off after the minutes from the Federal Reserve meeting last month came out. Suddenly, after proclaiming the rate tightening cycle over for weeks, the pundits suddenly see a more hawkish Fed and the possibility of a rate hike this year. What's up with these mixed signals? In this edition of the Friday Gold Wrap podcast, host Mike Maharrey talks about the latest Fed news and the economic fundamentals we should be focused...
Feb 22, 2019•11 min
America has borrowed itself into oblivion. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the massive levels of debt, how it relates to Fed policy and where this road is leading. He also covers some not so good news on the economy that came out this week and the latest indication that Fed interest rate hikes are a done deal. You can visit the show notes page here: https://bit.ly/2V4RDUZ Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and poli...
Feb 15, 2019•12 min
The Democrats led by Alexandria Ocasio-Cortez rolled out their "Green New Deal," this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the political and economic ramifications. He also tells you about how Janet Yellen sounded just a tiny bit like Peter Schiff this week. Plus, as always, the latest news in the gold market. You can visit the show notes page here: https://bit.ly/2DZn3X0 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and pol...
Feb 08, 2019•12 min
The Federal Reserve held its Open Market Committee Meeting this week and it looks like the Powell Put is on in full-force. In this episode of the Friday Gold Wrap, Mike Maharrey talks about the Fed's uber-dovish tone and what might be coming down the road. He also touched on the ever-climbing federal budget deficits and offered a quick overview of 2018 gold demand. You can visit the show notes page here: https://bit.ly/2G2mlur Tune in to the Friday Gold Wrap each week for a recap of the week’s e...
Feb 01, 2019•11 min
The US government is closed! Or so we're told. But is it -- really? Mike Maharrey talks about the shutdown in this week's Friday Gold Wrap podcast. He also covers the latest gold news, the European Central Bank's policy meeting and an interesting announcement from China. You can visit the show notes page here: https://bit.ly/2RjdYfe Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to gold and silver, along with some insightful commenta...
Jan 25, 2019•11 min
