US Jobs Disaster?: SchiffGold Friday Gold Wrap 9.6.2024

SchiffGold Friday Gold Wrap Podcast

Gold closed the week at $2,495 (down $8 since last week) and silver at $27.89 (down about $1). This episode unwraps layers of poor jobs data, yield curve inversion and the coming recession, and what this could mean for gold and silver prices. OTHER TOPICS DISCUSSED -ADP jobs report 99k new jobs in August, short of 144k forecast -BLS non-farm payroll show disappointing increase of 142k -NYT challenge the BLS -US treasury yield inversion forewarns of recession -Should you buy at all-time highs? Key headlines to look out for in week ahead Quote of the Week: The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty." -Proverbs 21:5 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.