Crying Wolf? SchiffGold Friday Gold Wrap 12.23.22

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Are the people who are predicting a big economic crash right? Or are they just crying wolf? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains why it’s hard to predict the exact timing of a crash even if you’re certain it’s on the horizon. He also talks about a couple of news items this week that caused the price of gold to yo-yo.

You can visit the show notes page here: https://bit.ly/3jpvNNj

TOPICS DISCUSSED

-Gold rallies when the Bank of Japan makes a surprising policy adjustment
-Gold sells off after better-than-expected weekly unemployed data.
-Why fixating on jobs isn’t the best way to gauge the health of the economy
-The difficulty in timing economic events
-How the run-up to 2008 looks a lot like today

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