Gold Closes Above $2200: SchiffGold Friday Gold Wrap March, 29, 2024


Person Holding White and Blue BoxImage Source: PexelsJD and Joel discuss why gold’s breakout past the $2,200 resistance level means higher highs from here on out. Higher prices are driven by a dovish Fed, weakness in the dollar, and poor economic data. This week they also discuss Peter’s most recent appearance.Video Length: 00:12:51OTHER TOPICS DISCUSSED

  • Gold is trading at $2,233 (up $78 or about 3.5% on the week).
  • Silver is trading at $24.79 (up $0.31 or over 1% on the week).
  • Consumer confidence dips on popular pessimism about US economic future
  • PCE inflation comes in at around expectations (0.3% vs. 0.4% expected)
  • The dollar has lost a fifth of its value in just four years.
  • DOJ Lawsuit against Apple
  • Francis Scott Key Bridge disaster
  • Peter Schiff’s appearance on Anthony Scaramucci’s Show
  • Quote from the Book of Proverbs:

    A false balance is an abomination to the Lord: but a just weight is his delight.”

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