Will Rising Unemployment Bring Gold & Silver Down? This Is What The Data Says!
23,359
Published 2024-07-07
www.patreon.com/user?u=85209064
In this video cover:
- How unemployment & job opening data has developed in 4 key countries since last talking about it in December 2023 (USA, UK, Canada, and Australia).
- I take you through Gold & Silver price performance during periods of rising unemployment to show you if prices go down or up as the economy slows down.
- I cover the main reasons why this rising unemployment environment is different that past environments and what the means for Gold & Silver prices.
- I answer a viewer question on the topic of mining stocks and where I see them going over the next few years.
Be sure to watch to the very end because it is full of useful information.
None of this advice - I am not a financial advisor - this is educational material!
Links to Sources:
US Unemployment Rate Data
fred.stlouisfed.org/series/UNRATE
US Unemployment Rate Chart
tradingeconomics.com/united-states/unemployment-ra…
US Job Opening Data Chart
tradingeconomics.com/united-states/job-offers
UK Unemployment Rate Chart
tradingeconomics.com/united-kingdom/unemployment-r…
UK Job Opening Data Chart
tradingeconomics.com/united-kingdom/job-vacancies
Australia Unemployment Rate Chart
tradingeconomics.com/australia/unemployment-rate
Australia Job Opening Data Chart
tradingeconomics.com/australia/job-vacancies
Canada Unemployment Rate Chart
tradingeconomics.com/canada/unemployment-rate
Canada Job Opening Data Chart
tradingeconomics.com/canada/job-vacancies
Silver Price Chart
www.tradingview.com/symbols/XAGUSD/?exchange=OANDA
Gold Price Chart
www.tradingview.com/symbols/XAUUSD/
GDX Price Chart
www.tradingview.com/symbols/AMEX-GDX/
Newmont Price Chart
www.tradingview.com/symbols/NYSE-NEM/
Article With Silver Demand Chart
www.thearmchairtrader.com/silver-outlook-to-q4-202…
#silver #silverprice #gold
All Comments (21)
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Join the “Bald Guy Money” Patreon Community for great additional content: www.patreon.com/user?u=85209064 It's only $14.99 a month (10% discount for full year subscribers)!
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CONGRATULATIONS on going full time on YouTube, BaldGuy! We're extremely fortunate to have you and looking forward to the ever increasing growth and success of your channel! 🎉🎉
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As we go into this nasty recession its going to hurt... I moved 40% of my portfolio into metals. The one guarantee in life is that the government will destroy your spending power
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Gold and silver ALWAYS go up during a recession in America. People need to remember that gold and silver are at their best when the US economy and the US dollar are at their worst. One reason for this is that the Federal Reserve always begins lowering interest during a recession to stimulate the economy and this will always weaken the US dollar and send gold and silver higher. And there are other reasons why gold and silver always rise during a US recession. Remember also that the price is driven by the billion dollar hedge funds and money managers and by central banks; not by the small investors like me and others here
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Bald guy, your videos are still at the very top when I open YouTube. 🏆
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Good for you BGM, I can't wait to find out where you're going!
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Your honesty has been rewarded, grateful for your wisdom. TYVM Sir
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Congratulations on being full-time on YouTube. You've done a great job with your reports. Thank you for all the hard work and great analysis.
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Moving and going full time YouTube at the same time is quite an accomplishment. Congratulations, Bald Guy!
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Happy to see your channel grow, being here since day 1 always believed in your potential! One small request to have a video discussing real estate versus gold performance especially in crisis
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Congratulations..keep up the great work you do
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What an absolutely exciting time for you! I think when you look back on life, you will have deeply fond memories of this exact time in your life. I also get the sense that you are, here and now, consciously aware of this being one of those watershed moments.
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Congrats! Keep up the good work
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Congratulations on making the leap🎉. I appreciate the quality content!
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Great job, as always.
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Safe travels, Bald Guy. I hope everything goes well for you in your new residence.
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Just wanna say, I love your presentations and the style in which you do them! Stay well!
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Great video. Congratulations on your new venture.
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Congrats on the milestone!
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Succinct and to the point, as usual. I can just imagine the prep that goes into each video. Thank you sir.
