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Tag Archives: silver

These Jobs Ain’t Comin’ Back: SchiffGold Friday Gold Wrap Oct. 16, 2020

It’s been months since the US started to reopen after the government-imposed coronavirus shutdowns and yet hundreds of thousands of Americans continue to file for unemployment every week. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey takes a close look at the labor market and concludes that a lot of these jobs are never coming back. He also talks a little about the upcoming presidential election and makes a prediction about the outcome.The SchiffGold Friday Gold Wrap...

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Traders Finally Pick A Lane, But They Pick The Wrong One!

A Pfennig For Your Thoughts October 14, 2020 * Currencies, metals, Oil, stocks all get sold yesterday * If inflation rises, how does a Central Bank Combat that?  Good Day… And a Wonderful Wednesday to you! We’re in our second day of warmer than usual weather today, and then the bottom falls out tomorrow… So, I’ll need to get outside today to soak up some warm sun before the cold front comes through… I’ve always said that the Fall weather was the best weather we get here in the St. Louis...

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Goldman Sachs: Dump Dollars and Buy Silver

Sell dollars and buy silver. That’s Goldman Sachs’ recommendation.Peter Schiff has been warning about a dollar collapse and now the mainstream is even getting bearish on the dollar.In response to the economic shutdowns imposed by governments to deal with the coronavirus pandemic, the Federal Reserve is printing money to infinity and beyond.  On top of that, it has shifted its inflation targeting to allow inflation to run hot meaning there is no end in sight to the currency debasement. This...

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What Is the Retail Mess Telling Us? SchiffGold Friday Gold Wrap Oct. 9, 2020

Regal Cinemas shut down all of its US theaters this week. The company said the closure is temporary, but it reveals the deeper strain in the retail sector. In this episode of the Friday Gold Wrap podcast, host Mike Maharrey digs deeper into the retail mess and talks about what it is telling us about the broader economy. He also discusses the ongoing stimulus debate and the national debt news that nobody is talking about.The SchiffGold Friday Gold Wrap podcast combines a succinct summary of...

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Silver Charts Best Quarter Since 2010

Silver just charted its best quarter since 2010.The white metal finished up 27.62% through the three months ending Sept. 30. Taking the timeline back a bit further, silver is up 106.6% off its March low. And there are plenty of reasons to believe the silver bull-run will continue.Silver saw a big third quarter gain despite a significant sell-off at the end of September. Both gold and silver dropped precipitously last month in large part due to a surge in the dollar.  The white metal dipped...

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Fun on Friday: Don’t Get Duped

Gold scams fascinate me.I guess it’s because I can’t imagine getting suckered by these setups. I mean, who is going to buy gold in a gas station parking lot? Or believe that some dude from Africa they’re in an internet relationship with is going to pay them to ship gold? It seems implausible people would buy these stories. But a lot of people do. They fall for these scams. As a result, the scammers keep scamming. Here’s how to avoid getting duped — don’t take anybody’s word for anything....

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Jobs, Jobs, Jobs: SchiffGold Friday Gold Wrap Oct. 2, 2020

The September labor market report comes out today, but it may not tell the whole story when it comes to jobs. On this episode of the Friday Gold Wrap podcast, host Mike Maharrey talks about the long-term prospects for the labor market in the wake of coronavirus lockdowns. He also discusses recent price moves in gold and silver, and talks a little about future prospects for the dollar. The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news...

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Peter Schiff: Fourth Quarter Fireworks

In his latest podcast, Peter Schiff looked back at the third quarter and ahead to Q4. He said we may well see fireworks next quarter. Of course, a big factor will be the presidential election. Peter talked about the prospects for the economy in the wake of the election, and he also broke down what he called “a debate to forget.”Stocks finished the month down modestly, but they were up on the quarter. In fact, virtually everything was up in Q3. As Peter said, it was purely a function of the...

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Is This a Buying Opportunity for Silver?

Gold’s recent correction has taken silver down with it. The white metal dipped below $21 an ounce at its lowest, about $8 off its August highs.That has led some to speculate that we’ve seen a knockout blow for silver. These are generally the same people who have declared the gold bull dead. But I think it’s way too early to hang “rest in peace” over the silver market for the same reasons I don’t think the gold bull run is over. In fact, this may be an ideal buying opportunity. In order to...

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