Just Below All-Time Highs: SchiffGold Friday Gold Wrap 7.19.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed the week at $2,405 (down $5) and silver at $29.30 (down 5%). The US Federal Reserve is growing increasingly worried about the economy as recent data flash even more warning signs. Investors are rushing to gold and silver, pushing prices to all-time highs. The recent dip creates a buying opportunity, especially for silver. OTHER TOPICS DISCUSSED -Friday's global tech crash -Why small changes to interest rates cause big changes to asset prices -The Trump assassination attempt -Leading economic indicators (LEI) slide 0.2% in June, signaling slowing economy -6.6 Score in NY Manufacturing survey signals 8-month manufacturing contraction -Jobless claims rise by 243,000 (14,000 more than expected) -Builder confidence wanes: Home prices fall to seven-month low CME FedWatch tool shows September rate cut odds at 98.1% Quote of the Week: Economic freedom is the foundation of all other freedoms.” -Frederic Bastiat The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s economic precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on Apple Podcasts and other podcasting platforms. The links are below. SchiffGold on Instagram: www.instagram.com/schiffgoldnews SchiffGold on Twitter: twitter.com/SchiffGold SchiffGold on Facebook: www.facebook.com/schiffgold SchiffGold's website: www.schiffgold.com