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JD 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: 00:12:51

OTHER 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.”

More By This Author:

What The Baltimore Bridge Disaster Could Mean For The Economy
Money Supply Dips For First Time Since November
The End Of Japan’s Negative Interest Rates: What It Means For Gold