Gold closed the week at $2,722 (up $65 since last week) and silver at $33.71 (up $2.19). We discuss the metals recent meteoric rise amid weak economic data and growing stress on major banks. We also unveil a new series on ancient wisdom.
OTHER TOPICS DISCUSSED
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- Department of Labor reports 241,000 new unemployment claims
- Empire State manufacturing index falls to -11.9
- Recent surveys shows 66% of voters view economy as “very or somewhat poor”
- Junk silver sale at $1.95 above spot
- Key headlines for next week
Quote of the Week:
Get wisdom, and whatever you get, get insight. Prize her highly, and she will exalt you.”
– Proverbs 4:7-8
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.
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The above references an opinion and is for information purposes only. It is not intended to be investment advice.
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