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: https://bit.ly/2RoKiAz Tune in to the Friday Gold Wrap each week for a recap of the week’s economic an...
Jan 24, 2020•11 min
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: https://bit.ly/362bVmT Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and ...
Jan 17, 2020•11 min
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 talks about it in this episode of the Friday Gold Wrap podcast. You can visit the show notes page here...
Jan 10, 2020•11 min
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 what will get us there? You can visit the show notes page here: https://bit.ly/37Bffqv Tune in to the ...
Jan 03, 2020•11 min
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 precious metals. You can visit the show notes page here: https://bit.ly/2ssUaj1 Tune in to the Friday Gol...
Dec 27, 2019•16 min
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 the fire. Except in the case of government, the fire never really gets put out. Tune in to the Friday...
Dec 20, 2019•11 min
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 deal and the rhetoric coming out of the Fed. Visit the show notes page here: https://bit.ly/2YIIfJH T...
Dec 13, 2019•11 min
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 the show notes page here: https://bit.ly/2Pi7TAI Tune in to the Friday Gold Wrap each week for a rec...
Dec 06, 2019•11 min
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 pulling strings. In fact, as he explains, the Fed actually stirs up economic chaos. TOPICS DISCUSSED H...
Dec 04, 2019•32 min
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 irony courtesy of a paper published by the central bank that admits its own policy might just be a pr...
Nov 29, 2019•12 min
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.ly/2qB43u0 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and politic...
Nov 22, 2019•11 min
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 gossip, on this episode of the SchiffGold Friday Gold Wrap podcast. You can visit the show notes pag...
Nov 15, 2019•11 min
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 game. You can visit the show notes page here: https://bit.ly/34FdXcq Tune in to the Friday Gold Wra...
Nov 08, 2019•11 min
As expected, the Federal Reserve cut rates for the third time this year. We're now down to 1.5%. The Fed hinted that cuts are likely on pause for now. But should we believe it? Was this the end of a mid-cycle adjustment? Or should we expect more moves by the central bank? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down rate cut 3.0 and what it could mean for the precious metals markets. Visit the show notes page here: https://bit.ly/2WDycEz Tune in to the Friday G...
Nov 01, 2019•11 min
We've talked a lot about government debt and consumer debt. In this episode of the SchiffGold Friday Gold Wrap, host Mike Maharrey highlights the massive corporate debt bubble. As he explains, it's eerily similar to the mortgage debt bubble the blew up in the years prior to the 2008 crash. It's a little like deja vu all over again. He also covers another round of gloomy economic data that came out this week. You can visit the show notes page here: https://bit.ly/2Jk5eEs Tune in to the Friday Gol...
Oct 25, 2019•12 min
News of a possible "phase 1 trade deal" and movement toward a resolution of the Brexit fiasco have buoyed stocks and put a lid on silver and gold this week. But positive vibes on these two fronts overshadowed a lot of economic data that came out this week that was less than ideal. It seems the American consumer might be getting close to being maxed out. In this episode of the SchiffGold Friday Gold Wrap podcast, host Mike Maharrey digs into a big pile of debt and more. You can visit the show not...
Oct 18, 2019•11 min
Everybody is talking about the possibility of a trade deal. Well, maybe not everybody. In this episode of the Friday Gold Wrap, host Mike Maharrey rehashes his standard trade war observations and then moves on to bigger news - Jerome Powell's announcement that the Fed is resuming QE. Of course, Powell didn't exactly say that. In fact, he tried to say the opposite in a statement that Mike describes as "word salad." In this episode, Mike breaks down what's going on with the Fed and why it matters ...
Oct 11, 2019•11 min
It was a bumpy ride in the markets this week. Right now, volatility is the name of the game - in both stocks and precious metals. People are getting nervous out there with some pretty grim economic data this week stirring up recession fears. Meanwhile, the US government just keeps spending money it doesn't have. Host Mike Maharrey talks about all of this and more in this week's episode of the Friday Gold Wrap podcast. You can visit the show notes page here: https://bit.ly/30I6cAc Tune in to the ...
Oct 04, 2019•11 min
Gold and silver are down this week. There was some more hopeful trade war news and stronger than expected economic data that drove markets this week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey covers it, plus some news that's being mostly ignored. And he ponders a question: should we be looking at the economic glass as half-empty or half-full -- and why? You can visit the show notes page here: https://bit.ly/2lG7cX2 Tune in to the Friday Gold Wrap each week for a recap o...
Sep 27, 2019•11 min
It was Fed week. As widely expected, the central bank cut interest rates another 25 basis points on Wednesday. But the real Fed action happened on Tuesday morning and most people didn't even notice. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about all of the Fed mechanizations - not just the rate cut - and what it all could mean. You can visit the show notes page here: https://bit.ly/2mqOgLV Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and p...
Sep 20, 2019•12 min
The price of gold whipsawed this week, driven up and down by various headlines. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some of the big news that moved the markets. But he said that we need to keep our eyes on the big picture. All of this is happening in front of a backdrop of surging debt driven by central bank policy. How much do we owe and what does it mean for the future? Mike talks about it. You can visit the show notes page here: https://bit.ly/2kfSe9n Tune in to...
Sep 13, 2019•12 min
José Niño was born in Venezuela and his family has experienced the impacts of socialism first hand. But was it "real socialism?" On this episode of It's Your Dime, José and host Mike Maharrey talk about it. José had the good fortune of leaving Venezuela before it descended into chaos. After reading the tea leaves and realizing that the country was heading down the path of political turmoil, José’s parents brought his family to the US in search of better opportunities. José is a long-time politic...
Sep 11, 2019•37 min
Here we go again! Gold and silver both took a tumble yesterday because US and Chinese officials are reportedly going to have a meeting. Hope that this might mean a thaw in the trade war boosted risk sentiment and drove profit-taking in the precious metals markets. We've seen this song and dance before. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. He also points out some very interesting Federal Reserve news that nobody in the mainstream has even mentioned. ...
Sep 06, 2019•11 min
Gold has had a pretty solid month, but silver has been going up like it's on rocket fuel. In this episode of the Friday Gold Wrap, host Mike Maharrey takes a close look at the silver market and what's going on there. He talks a little trade war, saying that maybe we shouldn't be talking so much about the trade war. And he also touches on some economic news that came out the week. You can visit the show notes page here: https://bit.ly/2Pmlv0S Tune in to the Friday Gold Wrap each week for a recap ...
Aug 30, 2019•11 min
This week has been relatively quiet in the markets. Gold has drifted up and down as traders wait to see what kind of message Fed Chair Jerome Powell will deliver during his Jackson Hole speech. In this episode of the Friday Gold Wrap, host Mike Maharrey covers some tidbits of news and speculates about what Powell will say. Then he pivots and talks a little bit about President Trump and the strange economic tightrope that he’s trying to walk. You can visit the show notes page here: https://bit.ly...
Aug 23, 2019•11 min
The bond market flashed a major recession warning sign as the yield curve inverted this week. Meanwhile, Trump whipsawed markets when he appeared to blink in the never-ending trade war with China. That made for an interesting week for gold. In this week's Friday Gold Wrap podcast, host Mike Maharrey breaks down the events of the last few days and their impact on precious metals. He also remembers an important day in history that went mostly unnoticed in the mainstream. You can visit the show not...
Aug 16, 2019•11 min
The price of gold surged this week, breaking all-time records in a number of currencies. It also did pretty well in dollar terms, hitting six-year highs and pushing above the key $1,500 level. Meanwhile, silver had its best single day in over three years. What drove this week's precious metals rally? And can we expect it to continue? Host Mike Maharrey talks about it in this week's Friday Gold Wrap. You can visit the show notes page here: https://bit.ly/2GX2VFX Tune in to the Friday Gold Wrap ea...
Aug 09, 2019•11 min
The Federal Reserve came through with its first interest rate cut in more than a decade this week. But with Jerome Powell trying desperately to convince everybody that this wasn't the beginning of a long cutting cycle, the stock markets weren't pleased. And neither was President Trump. So, he decided to put his own fingerprint on the markets, announcing new tariffs on Chinese products. In this week's Friday Gold Wrap podcast, host Mike Maharrey breaks it all down and explains how it impacted the...
Aug 02, 2019•11 min
Markets are basically in "hurry up and wait" mode as they anticipate the Federal Reserve FOMC meeting next week. Will the central bank cut rates as anticipated? Or will Powell and company surprise everybody? In the meantime, there was some interesting economic and market news to digest this week. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the European Central bank meeting and the continuing surge in silver prices. He also looks ahead toward the next week's Fed meetin...
Jul 26, 2019•11 min
You would think folks on Wall Street would be pretty good at economics. Some of them are. But as Alex Merced will attest, just because somebody lands a job as a stockbroker doesn’t mean they’re a good economist. Alex works as a Wall Street trainer. He also teaches economics. In fact, he’s produced hundreds of videos on economic topics ranging from basic to advanced. In this episode of It’s Your Dime, host Mike Maharrey and Alex talk about economics and investing. Nobody will ever accuse Alex of ...
Jul 23, 2019•35 min
