Everything I Warned You About Just Happened... All in One Week

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Peter Schiff argues the latest macro shock set up a sharp precious-metals squeeze: July’s jobs report showed a loss of 23,000 jobs, prior months were revised down by 105,000, labor force participation fell to 61.4%, and he says wages are still lagging inflation. Against that stagflation backdrop, he says gold jumped 7.8% to 4,341 and silver rose 12.3% to 63.46, while GDX surged 22% in a week.