Gold closed the week at $2,410 (up $19) and silver at $30.77 (down $0.43). JD and Joel interview Consultant Ken Ivory, the person behind Utah’s recently-passed HB 348 legislation. This legislation permits the state to take a position 10% of its $1.4 billion wet day fund into gold and silver, saved in Brinks Salt Lake Metropolis. In addition they unpack the large CPI information and Fed charge minimize expectation.
OTHER TOPICS DISCUSSED
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- Official June inflation knowledge is available in under estimates (core CPI reads 0.1%)
- CME FedWatch device reveals September charge minimize odds at 96%
- Wholesale costs elevated (PPI knowledge at 0.2%, above 0.1% forecast)
- Shopper sentiment at 8-month low attributable to frustration with inflation
Quote of the Week:
“Who controls the meals provide controls the folks; who controls the vitality can management complete continents; who controls cash can management the world.”
-Henry Kissinger
TOP ARTICLES THIS WEEK
The SchiffGold Friday Gold Wrap podcast combines a succinct abstract of the week’s financial valuable metals information coupled with considerate evaluation. You may subscribe to the podcast on Apple Podcasts and different podcasting platforms. The hyperlinks are under.
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The above references an opinion and is for data functions solely. It’s not supposed to be funding recommendation.
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