Last week's jobs numbers came in weaker than expected. September's CPI came in hotter than expected. That puts the Federal Reserve between a rock and a hard place. Does it tighten monetary policy to fight inflation? Or does it keep stimulating to boost the economy? In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the data and says it's about time for the central bank to pick its poison. You can visit the show notes page here: https://bit.ly/30pdi1T Tune in to the Friday Go...
Oct 15, 2021•15 min
Inflation continues to run hot. Even some of the folks over at the Fed are having a hard time peddling the "transitory" inflation narrative. But politicians and government officials lack the skill of self-reflection. As a result, they can't clearly see the problem. In this episode of the Friday Gold Wrap, host Mike Maharrey looks at some of the latest inflation data and the Fed's response to it. He also touches on the fake debt ceiling fight and breaks the September job report numbers. You can v...
Oct 08, 2021•19 min
The Federal Reserve wrapped up another FOMC meeting with a whole lot of talk and very little action. Interest rates remain at zero and quantitative easing continues unabated. The mainstream headlines are all focusing on the prospect of QE tapering. In this episode, Friday Gold Wrap host Mike Maharrey explains why he'd write a completely different headline about this Fed meeting. You can visit the show notes page here: https://bit.ly/2XHG5xm Tune in to the Friday Gold Wrap each week for a recap o...
Sep 24, 2021•18 min
CPI data came in slightly cooler than expected for August, giving new energy to the "transitory" inflation narrative. But can we really trust these numbers? In this episode, Friday Gold Wrap host Mike Maharrey takes a deep dive into the CPI and considers this question. He also touches on the big gold sell-off Thursday sparked by surprisingly good retail sales numbers. You can visit the show notes page here: https://bit.ly/2Z6admS Tune in to the Friday Gold Wrap each week for a recap of the week’...
Sep 17, 2021•16 min
The government is always promising to fix things. It has policies to fix the economy, fix foreign countries, and even fix the pandemic. But as Friday Gold Wrap podcast host Mike Maharrey explains in this episode, instead of fixing things, the government wrecks pretty much everything it touches. You can visit the show notes page here: https://bit.ly/38WBB8u 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 ...
Sep 10, 2021•15 min
Federal Reserve Chairman Jerome Powell spent most of his Jackson Hole speech continuing to try to convince everybody that inflation is transitory. As Friday Gold Wrap podcast host Mike Maharrey points out in this episode, whether it is or isn't transitory, inflation is a real thing that has a real impact on real people. In this show, he also breaks the news on the August jobs numbers and discusses taper talk. You can visit the show notes page here: https://bit.ly/3yFthEn Tune in to the Friday Go...
Sep 03, 2021•15 min
Jerome Powell will speak today at the Jackson Hole economic summit. Everybody is on pins and needles in anticipation of the Fed chairman's speech. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey discusses the Fed's messaging and then moves past the talk to discuss the "here and now" reality. He also spends some time talking more fundamentally about gold as part of an investment strategy. You can visit the show notes page here: https://bit.ly/3DpEwEP Tune in to the Friday Gold...
Aug 27, 2021•19 min
This week marked the 50th anniversary of President Richard Nixon slamming shut the "gold window" and cutting the last tether between the dollar and gold. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains exactly what Nixon did and the impact of 50 years of monopoly money. He also covers some of the week's economic data and the release of the Fed's July minutes. You can visit the show notes page here: https://bit.ly/3D2P6kP Tune in to the Friday Gold Wrap each week for ...
Aug 20, 2021•17 min
Gold and silver tanked after last Friday's job report. But both metals have rallied a bit since the July CPI numbers came in right at expectations. In this episode of the Friday Gold Wrap, host Mike Maharrey looks a little deeper at jobs and CPI. Then he goes off-script and addresses some listener comments. You can visit the show notes page here: https://bit.ly/2VSbrR6 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...
Aug 13, 2021•21 min
When it comes to precious metals investing, gold tends to hog the spotlight. But silver is also important to investors, both as an industrial and a monetary metal. In this Gold Exchange interview, host Mike Maharrey chats with Silver Institute Executive Director Michael DiRienzo about the current state of the silver market and where it's going in the future. You can visit the show notes page here: https://bit.ly/3iI7tDE
Aug 12, 2021•32 min
Gold was solidly above $1,800 an ounce this week until Fed Vice Chair Richard Clarida mentioned the economy reaching the Fed's goals earlier than expected and raised the specter of monetary policy tightening. But is the economy really improving as much as everybody seems to think? In this week's Friday Gold Wrap, host Mike Maharrey digs into some of the economic numbers and determines they're faking it. You can visit the show notes page here: https://bit.ly/3xvWnWl Tune in to the Friday Gold Wra...
Aug 06, 2021•16 min
The Federal Reserve held its July meeting this week. Once again, it didn't do anything. But there was certainly plenty of talk to dissect. In this episode of the Friday Gold Wrap, host Mike Maharrey does just that with some analysis of the messaging coming out of the Fed meeting, along with a look at the newly released GDP numbers. You can visit the show notes page here: https://bit.ly/3xdEWK2 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it r...
Jul 30, 2021•15 min
Pop some popcorn. It's time for some political theater. Congress is gearing up for another debt ceiling fight. In this episode of the Friday Gold Wrap, host Mike Maharey gives you a preview of the next big Washington DC blockbuster production, complete with some debt ceiling history and an explanation as to why we shouldn't need one. Maharrey also covers retail sales, inflation and the latest movement in the gold market. Visit the show notes page here: https://bit.ly/2TtA6ue Tune in to the Frida...
Jul 23, 2021•17 min
Consumer price index data came in hotter than expected. Again. The producer price index data also came in well above projections. But Fed Chair Jerome Powell continues to stick to his "inflation is transitory" story. On this episode of the Friday Gold Wrap, host Mike Maharry digs into the inflation data and highlights Powell's comments on Capitol Hill. He concludes the story is really all they've got. You can visit the show notes page here: https://bit.ly/3hJuky7 Tune in to the Friday Gold Wrap ...
Jul 16, 2021•16 min
This week, the IMF undercut the Fed's "transitory" inflation narrative, warning about the possibility of sustained inflation in the US. But the real question remains unanswered - what will the Fed do about it? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the options on the table. None of them seem particularly good. That raises another question: how long can the politicians and central bankers keep this thing going? You can visit the show notes page here: https...
Jul 09, 2021•16 min
Will the Federal Reserve tighten monetary policy to fight inflation? Or will it keep its loose monetary policy in place to support the fake recovery? The central bank has a profound influence on the economy, for better or for worse. But should the Federal Reserve even exist? In this episode of the Friday Gold Wrap, host Mike Maharrey argues that it shouldn't - not if you follow the original meaning of the Constitution. He makes his case with an interesting history lesson on the creation of the F...
Jul 02, 2021•15 min
Yesterday, President Joe Biden announced Republicans and Democrats have come up with a $1.2 trillion infrastructure deal. But where is Uncle Sam going to come up with the money? And what does this tell you about the likely trajectory of Federal Reserve monetary policy? Host Mike Maharrey talks about it in this episode of the Friday Gold Wrap podcast. He also discusses the latest talk, talk, talk coming out of the Fed. You can visit the show notes page here: https://bit.ly/3d8Y7xt Tune in to the ...
Jun 25, 2021•14 min
The Federal Reserve wrapped up its June meeting this week. The markets are convinced Jerome Powell has gone hawkish. Has he though? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the messaging coming out of the FOMC meeting and reaches a completely different conclusion. He also compares and contrasts three competing narratives about the trajectory of Fed monetary policy. You can visit the show notes page here: https://bit.ly/35y8WEX Tune in to the Friday Gold Wra...
Jun 18, 2021•16 min
We got another round of hotter than expected CPI data this week. The mainstream financial media is spinning this as good news. In this episode of the Friday Gold Wrap, host Mike Maharrey digs into the CPI data without the rose-colored glasses. He also talks about an announcement by a major restaurant chain that may well be a canary in the coal mine. His conclusion - in the end, economics wins. You can visit the show notes page here: https://bit.ly/3vfrcxs Tune in to the Friday Gold Wrap each wee...
Jun 11, 2021•16 min
With some positive economic data coming out this week, investors suddenly went bullish on the economy again and decided that the Fed is surely going to deal with inflation now. Will it though? In this Friday Gold Wrap Podcast episode, host Mike Maharrey speculates about the Fed's next move. He also looks ahead and talks about the long-term future of the dollar. Can we assume it will always be the reserve currency? You can visit the show notes page here: https://bit.ly/3fQa2lt Tune in to the Frid...
Jun 04, 2021•16 min
The Fed wants us to believe everything is under control. The economy is improving. Inflation is transitory. Good times are ahead. But behind the scenes, central bankers and government officials are scrambling to keep all the economic props in place. As they intervene in one area of the economy, they create problems in another. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about some of these interventions along with gold's recent rally above $1,900. You can visit the ...
May 28, 2021•16 min
After last week's hotter than expected CPI data, gold sold off, following a pattern we've seen over the last few months. But in the last week, gold has rallied, knocking on the door of $1,900. In fact, there has been a broader pivot in the market that could indicate the mainstream is ready to face the reality of inflation. In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the big pivot. He also discusses some bullish fundamentals in the silver market. You can visit the show...
May 21, 2021•15 min
CPI came in much hotter than expected. Fed Vice Chairman Richard Clarida actually said, “We were surprised by higher than expected inflation data.” But should we really be surprised by this? In this episode, Friday Gold Wrap host Mike Maharrey talks about inflation and suggests maybe you shouldn't be shocked. He also discusses the whacked-out labor market. You can visit the show notes page here: https://bit.ly/3boR0Qu Tune in to the Friday Gold Wrap each week for a recap of the week’s economic a...
May 14, 2021•15 min
Treasury Secretary Janet Yellen did a big flip-flop this week. Her comments and her subsequent attempt to walk them back were telling. She accidentally revealed the ugly truth about inflation and the central bank's ability to deal with it. In this episode of the Friday Gold Wrap, host Mike Maharrey takes Yellen to task. He also talks about the recent rally in both gold and silver. You can visit the show notes page here: https://bit.ly/3uuh4RU Tune in to the Friday Gold Wrap each week for a recap...
May 07, 2021•16 min
What is the government doing to your money? And how can you protect yourself? These are key questions facing every American today. In this bonus episode interview, Friday Gold Wrap Podcast host Mike Maharrey tries to dig out some answers with investment veteran and author E.B. Tucker. Tucker is the author of "Why Gold? Why Now? The War Against Your Wealth and How to Win It." As the title suggests, the book about investing in gold. But it's really about far more than that. It explains how governm...
May 03, 2021•54 min
There was a lot of news and economic data that came out this week. The Fed held its April meeting. President Biden unveiled yet another tax and spend plan. And the Q1 GDP numbers came out. In this episode of the Friday Gold Wrap, host Mike Maharrey gives an overview of the week's news and draws a rather unsettling conclusion -- this economy is totally jacked up. You can visit the show notes page here: https://bit.ly/3eJ610n Tune in to the Friday Gold Wrap each week for a recap of the week’s econ...
Apr 30, 2021•15 min
There's been some chatter in the financial media about the decline of the gold market. Gold is a relic of the past and crypto will replace it as the go-to safe haven and inflation hedge, according to some. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap podcast, the demise of the gold market is greatly exaggerated. A lot of people still want gold. Mike also touches on the national debt in this episode. It's even worse than most people think. You can visit the show note...
Apr 23, 2021•16 min
CPI came in even hotter than expected signaling rising inflation. The US government is running a massive record budget deficit. But we're told these things aren't a problem. Budget deficits don't really matter. Inflation is transitory. But how can we be so sure? On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about it. You can visit the show notes page here: https://bit.ly/3x0bqbN Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political...
Apr 16, 2021•16 min
Gold hit its highest price in five weeks after the release of the March Federal Reserve meeting minutes and comments by Jerome Powell both reiterated the central bank's dovish position. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed's dovish cry and how this could play out. He also discusses a strange dichotomy in the unemployment numbers. You can visit the show notes page here: https://bit.ly/3d1hkRR Tune in to the Friday Gold Wrap each week for a recap ...
Apr 09, 2021•15 min
Joe Biden unveiled his massive infrastructure spending plan complete with tax increases this week. The president says it will create "opportunities." But what about the opportunities that will never be realized because Biden and company went on a spending spree with our money? Host Mike Maharrey talks about it in this week's Friday Gold Wrap podcast, along with the latest precious metals and Fed news. You can visit the show notes page here: https://bit.ly/3fypKSr Tune in to the Friday Gold Wrap ...
Apr 02, 2021•15 min
