A September Sell-off?: SchiffGold Friday Gold Wrap 8.30.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed the week at $2,502 (down $10 since last week) and silver at $28.83 (down about $1). This episode we discuss recent price action, the historic volatility in September and October, and economic weakness from Germany to China. OTHER TOPICS DISCUSSED -US Consumer confidence reaches 6-month high at 103.3 -Q2 GDP numbers revised upward to 3% -US jobless claims about at expectations at 231,000 -German business climate index drops to lowest level since summer 2020 -Chinese retailer Temu's parent company suffers $50b+ market cap wipeout -Key headlines to look out for in week ahead Quote of the Week: "The four most dangerous words in investing are: 'This time it's different.'" -Sir John Templeton 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 The above references an opinion and is for information purposes only. It is not intended to be investment advice.