Unwarranted Optimism Lifts Stocks, Pressures Gold – Ep 827
The Peter Schiff Show Podcast
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Gold Stocks Closed Below 17 Hundred
There were some very dire forecasts, and i think now those forecasts are being walked back. The price of gold to day was weak all day and sold off and closed pretty much on the loads. To day, it closed below 17 hundred. This is the first time it's traded below 17 hundred, let alone closed below 17 thousand. Now if the fed continues to raise rates, then the recession is going to get much worse.
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