Fed ChairJerome Powell came out this week and indicated the central bank is set to pivot away from its aggressive rate hikes. But he couched the announcement in hawkish terms. The markets bought the pivot and ignored the hawkishness. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey puts Powell's remarks in a broader context and speculates about what might be coming down the pike. -Jerome Powell's speech -The Fed's "knowledge problem" -Gold breaks $1,800 -The feckless inflation...
Dec 02, 2022•21 min
There are a lot of things they didn't teach you in school. In this episode of the Friday Gold Wrap, host Mike Maharrey tells you a Thanksgiving story you've probably never heard before - at least not from your school teacher. He also touches on the Fed minutes that came out this week that seem to confirm a soft pivot on rate hikes. You can visit the show notes here: https://bit.ly/3gGn3Bf Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relate...
Nov 25, 2022•26 min
People in the financial media tend to talk about inflation as an academic exercise. As a result, it's easy to forget that rising prices cause real pain for real people. And Americans are feeling that pain today. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey highlights some ways inflation is impacting regular people. He also explains why he thinks stagflation is the most likely outcome of this inflation fight. TOPICS COVERED -Walmart reports strong sales with more affluent c...
Nov 18, 2022•25 min
They say perception is reality. Based on the October CPI data, the perception is inflation has peaked. But what's the reality? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the CPI data along with the markets' reaction to it and wonders if the inflation victory dance is a little premature. He also talks about the big rally in gold and central bank gold buying. -An objective look at the CPI data -Market reaction to the CPI data -The trajectory of the dollar -The Fe...
Nov 11, 2022•26 min
The Federal Reserve delivered a 75-basis point rate hike at its November meeting, as expected. But what's next? That's a little harder to decipher. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the mixed messaging that came out of the Fed meeting and concludes the central bank's monetary policy is "a wing and a prayer." He also covers the recently released Q3 gold demand data. Topics Discussed -The Fed doesn't seem to have a real plan -Fed Chairman Jerome Powell's...
Nov 04, 2022•28 min
The third quarter GDP data came out this week and it looks like the recession is over. (If there ever was one.) But in this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs into the data and says, "Not so fast!" He also talks about a mainstream economist who sounds a lot like Peter Schiff and a big problem brewing with diesel fuel. Visit the show notes page here: https://bit.ly/3TJUTUg Topics Covered A breakdown of the Q3 GDP data Other economic indicators flashing recession Econ...
Oct 28, 2022•27 min
Inflation is raging. The economy is teetering on the brink. Government spending is out of control. All of this has a root cause. Our money is broken. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about what broke our money and the only way to fix it. He also reveals the illusion of rising wages and breaks down Whoopi Goldberg's inflation blame game. You can visit the show notes page here: https://bit.ly/3sylesJ Tune in to the Friday Gold Wrap each week for a recap of ...
Oct 21, 2022•28 min
The September Consumer Price Index (CPI) data came out on Thursday. Once again, it was "hotter than expected," despite the Federal Reserve hiking rates by over 3% since March. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data in the context of the Fed's inflation fight and concludes "this is what losing looks like." You can visit the show notes page here: https://bit.ly/3MwWYQI Tune in to the Friday Gold Wrap each week for a recap of the week’s economic...
Oct 14, 2022•30 min
Last week, the Bank of England threw in the towel on its inflation fight and launched a quantitative easing program. Why? Because something broke in the UK financial system. That led to a rally in stocks and precious metals this week as many in the US realized the Fed might be closer to a pivot than previously thought. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about why he thinks something is going to eventually break in the US economy. You can visit the show note...
Oct 07, 2022•30 min
Americans have been laboring under the burden of inflation for well over a year. Mises Institute President Jeff Deist argues that inflation is an intentional policy and should be considered "state-sponsored terrorism." In this Metal Exchange interview, host Mike Maharrey talks with Jeff about this assertion. Mike and Jeff talk about Fed monetary policy and its impacts. They dig deep into the economic impact, but they also go deeper, talking about the pernicious effects it has on society.
Oct 04, 2022•30 min
With a hurricane barreling toward his home, Friday Gold Wrap podcast host Mike Maharrey called an audible and recorded this week's show ahead of time. And since the hurricane is in the news, as well as top-of-mind for his family, he uses it as a jumping-off point to talk about some economics including the concept of "price gouging" and the "broken window fallacy. He also touches on dollar strength and how it's impacting the gold and silver markets. Visit the show notes page here: https://bit.ly/...
Sep 30, 2022•23 min
The September Federal Reserve meeting wrapped up this week with another 75 basis point rate hike. And Fed Chairman Jerome Powell admitted that there is going to be some pain as the central bank continues to fight inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey reacts to the meeting and the Fed's messaging. He said he thinks Powell & Co. are drastically understanding the coming pain. You can visit the show notes page here: https://bit.ly/3feS3aD Tune in to the F...
Sep 23, 2022•23 min
We got the August CPI data this week and it came in hotter than expected. Stocks suffered a big selloff. Everybody is betting on the Fed to get even more aggressive in its inflation fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the data and exposes a dirty little secret that the mainstream still hasn't come to grips with. You can visit the show notes here: https://bit.ly/3eYOJ3n Tune in to the Friday Gold Wrap each week for a recap of the week’s economic ...
Sep 16, 2022•26 min
This week was the calm before the storm that will begin next week with the August CPI data and continue with the September FOMC meeting the following week. Friday Gold Wrap host Mike Maharrey takes advantage of the lull to cover some interesting topics including some more tough talk on inflation from Jerome Powell, the prospect of the Fed recording its first operating loss since 2023, and silver on sale. You can visit the show notes page here: https://bit.ly/3qoqUnS Tune in to the Friday Gold Wr...
Sep 10, 2022•24 min
The Kansas City Federal Reserve Bank published a rather surprising paper that swerves into the truth - the Fed can't win this inflation fight. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the paper. He also discusses the possibility of a dollar decline and gives his first impression of the August jobs report. You can visit the show notes page here: https://bit.ly/3B3bXg7 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political ...
Sep 02, 2022•24 min
This week, President Biden announced a plan to forgive $10,000 to $20,000 in student loan debt. It sounds nice and some people will certainly benefit, but as SchiffGold Friday Gold Wrap podcast host Mike Maharrey explains, we're all going to pay for this. In this episode, Mike also talks about Jerome Powell's upcoming Jackson Hole speech, the state of the economy and some interesting gold market news. You can visit the show notes page here: https://bit.ly/3QUwNoj Tune in to the Friday Gold Wrap ...
Aug 26, 2022•21 min
Over the last several months, you may have noticed a new series of articles with a data-driven focus here at SchiffGold. In this Metal Exchange interview, host Mike Maharrey talks to the man behind those posts. Mike and Tony dig into the ins and outs of technical, data-driven analysis and how it can expand our understanding of the gold and silver markets. Topics Discussed What is technical analysis? What types of data can we analyze? The benefits and limitations of this type of analysis? What do...
Aug 25, 2022•46 min
It was a relatively slow news week in the financial realm. For once, the Fed didn't do anything particularly noteworthy. So, Friday Gold Wrap Host Mike Maharrey took advantage of the lull. Along with covering some economic data and media spin, he hit on a couple of subjects he hasn't been able to get to in recent weeks, including the fatal flaw in Keynesian economics and the prospect of manipulation in the gold and silver markets. You can visit the show notes page here: https://bit.ly/3CekMpv Tu...
Aug 19, 2022•26 min
The Consumer Price Index data for July cooled even more than expected. The question is how will the Federal Reserve play this? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey breaks down the CPI data, talks about the Fed reaction, and speculates about the Fed's next move and its impact on the economy. You can visit the show notes page here: https://bit.ly/3duJfg1 Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and political news as it relates to g...
Aug 12, 2022•23 min
Jobs are on everybody's mind as the July employment report comes out. Will the labor market show more cracks? Or will it give the pundits more room to spin the idea that we're not really in a recession? In this episode of the Friday Gold Wrap, host Mike Maharrey talks about the labor market and breaks the July jobs data news as it comes out. He also talks about the "health" of the American consumer and gold's flirtation with $1,800 an ounce. You can visit the show notes page here: https://bit.ly...
Aug 05, 2022•21 min
This week, the Federal Reserve raised interest rates another 75 basis points despite a second straight quarter of negative GDP growth. Meanwhile, Congress is debating a big government spending bill to "reduce inflation." In this week's Friday Gold Wrap podcast, host Mike Maharrey tries to unspin all of the spin and government propaganda to make some sense of what's going on. Visit the show notes page here: https://bit.ly/3PLNcuG Tune in to the Friday Gold Wrap each week for a recap of the week’s...
Jul 29, 2022•27 min
We've heard all kinds of excuses for inflation. It was COVID. It was Putin's price hikes. It's greedy corporations. This week, we learned it's the millennials' fault. As host Mike Maharrey explains in this week's Friday Gold Wrap, all of these notions miss the mark. And they let the real culprit get off scot-free. How? They've redefined inflation. Words matter! Visit the show notes page here: https://bit.ly/3opKfUS Tune in to the Friday Gold Wrap each week for a recap of the week’s economic and ...
Jul 22, 2022•18 min
It happened again. The CPI data for June came in hotter than expected. Prices rose at the fastest pace in this inflationary cycle. That pushes the Fed ever closer to having to make a very difficult choice. In this episode of the Friday Gold Wrap, host Mike Maharrey breaks down the most recent CPI data and talks about the "Sophie's choice" facing the Federal Reserve. You can visit the show notes page here: https://bit.ly/3RzBqVN Tune in to the Friday Gold Wrap each week for a recap of the week’s ...
Jul 15, 2022•23 min
The Federal Reserve is putting on quite the tough guy act. Everybody is convinced the central bank is going to keep up the inflation fight even if the economy gets shaky. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the Fed's hawkish messaging and wonders out loud if the central bankers are writing checks they can't cash. You can visit the show notes page here: https://bit.ly/3OUFKwU Tune in to the Friday Gold Wrap each week for a recap of the week’s economic a...
Jul 08, 2022•21 min
Federal Reserve Chairman Jerome Powell continues to insist that the economy is strong enough to withstand tighter monetary policy to fight inflation. But the economy seems to be saying otherwise. So, how will this play out? In this week's Friday Gold Wrap podcast, host Mike Maharrey gazes into his crystal ball and speculates about what might happen over the next several months. He also tells the tale of two central bankers and discusses the current gold market. You can visit the show notes page ...
Jul 01, 2022•22 min
problem. But as host Mike Maharrey explains in this episode of the Friday Gold Wrap, all of their solutions are the equivalent of dumping buckets of water on a drowning man. You can visit the show notes page here: https://bit.ly/3A2xKp3 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. For more information visit https://schiffgold.com/news.
Jun 24, 2022•19 min
The Federal Reserve just gave us the biggest interest rate hike since 1994. A month ago, we were told a 75 basis-point hike wasn't on the table. It almost seems like the central bankers are winging it. Or as Friday Gold Wrap podcast host Mike Maharrey puts it, it's like they're playing darts while wearing blindfolds. In this episode, Mike breaks down the rhetoric coming out of this Fed meeting and speculates on what might be next. You can visit the show notes page here: https://bit.ly/3xU7KK7 Tu...
Jun 17, 2022•24 min
The Consumer Price Index (CPI) data for May came out this morning. The projection was for another hot headline number but some relief in core CPI. This would seem to indicate we've passed peak inflation. In this episode of the Friday Gold Wrap podcast, host Mike Maharey explains why "good news" in the CPI data would be bad news for inflation. Then he reacts to the data in real-time. (Hint -- it wasn't good news.) You can visit the show notes page here: https://bit.ly/3MFI9tm Tune in to the Frida...
Jun 10, 2022•25 min
Why haven't gold and silver rallied as one would expect in such a high inflation environment? In this episode of the Friday Gold Wrap, host Mike Maharrey delves into some of the psychology driving the markets and explains why it could be blinding people to just how serious the economic situation has become. He also reports some news that indicates some people may be starting to figure it out. You can visit the show notes page here: https://bit.ly/3aFxMZt Tune in to the Friday Gold Wrap each week...
Jun 03, 2022•25 min
When the Federal Reserve tinkers with interest rates, it creates all kinds of economic distortions. This is very obvious in the housing market. Over the last couple of years, the Fed blew up a giant housing bubble. Now, the central bank has pricked that bubble. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey looks at the housing market as a microcosm of the broader economy. You can visit the show notes page here: https://bit.ly/3GnnWHu Tune in to the Friday Gold Wrap each wee...
May 27, 2022•27 min
