The Atlanta Fed’s GDPNow forecasting model for first-quarter GDP growth is collapsing, now projecting a recessionary -2.8%.
Great article, Jesse! We posted it here and tagged you: https://www.linkedin.com/pulse/us-hurtling-toward-recession-money-metals-491be
Thank you!
Beware The Ides of March!
My predictions for H1/2005 last September 2024 were:
1. Gold $3,200
2. Silver $38
3. Recession announced 19 March - 18 June 2025.
Only time will tell - my crystal ball has smashed!
Lowercosta.com
Yes, that looks plausible to me!
Tide is soon to go out; we’ll find out…
Exactly
Hi Jesse, in the past recessions gold was perceived as a safe heaven, but the need of cash sent him down. Do you see this happening again? Thanks
In my opinion due to margin calls some drop in gold derivatives is expected, but premium on physical will rise quickly.
Yes Zoltan, I agree. I also wonder if market is prone to buy gold in a recession since we all know Fed won't accept a long and painful one. Double digit inflation and PM sky high. Good luck to all of you.
Great article, Jesse! We posted it here and tagged you: https://www.linkedin.com/pulse/us-hurtling-toward-recession-money-metals-491be
Thank you!
Beware The Ides of March!
My predictions for H1/2005 last September 2024 were:
1. Gold $3,200
2. Silver $38
3. Recession announced 19 March - 18 June 2025.
Only time will tell - my crystal ball has smashed!
Lowercosta.com
Yes, that looks plausible to me!
Tide is soon to go out; we’ll find out…
Exactly
Hi Jesse, in the past recessions gold was perceived as a safe heaven, but the need of cash sent him down. Do you see this happening again? Thanks
In my opinion due to margin calls some drop in gold derivatives is expected, but premium on physical will rise quickly.
Yes Zoltan, I agree. I also wonder if market is prone to buy gold in a recession since we all know Fed won't accept a long and painful one. Double digit inflation and PM sky high. Good luck to all of you.