Animal Spirits Podcast · The Compound

Gold's 1987 Moment (EP. 450)

·1 hr 23 min·5 clips
Silver crashed 33% in a single day, worse than 1987, as retail traders lit billions on fire in a parabolic frenzy.
Michael and Ben analyze the extreme volatility in silver and gold markets, including a 33% crash in silver driven by retail speculation and social media trends. They explore broader themes like commodity supercycles, AI advancements, prediction markets, and the new Fed chair appointment, while touching on housing affordability and consumer spending.

As heard by us

A loose market chat that asks how much the Fed chair really matters.

Animal Spirits opens with caffeine chatter before turning to an unemployment chart and the question of how much the Fed chair really matters. The hosts use the chart as a plainspoken way into the bigger point: investors may give the Fed more weight than it deserves.

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Why you'd press play

Want a candid Fed debate with chart-driven banter?

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