The average of Gold’s performance around recessions shows an average move of about 20%. This starts from a low one to two months before the recession hits and continues after the first four months of the recession.
Classic economic indicators such as the Leading Economic Indicators (LEIs) and Yield Curves are making a bulletproof case for a recession. Odds favor a recession hitting in the third quarter or later.
The average of Gold’s performance around recessions shows an average move of about 20%. This starts from a low one to two months before the recession hits and continues after the first four months of the recession. Gold could drop to $1725 or even $1700 and remain in a position to test its all-time high by year-end.
TheDailyGold.com and TheDailyGold Premium are not investment advice. The website, email newsletter and premium newsletter are intended only for informational, educational and research purposes only.
The information, facts, figures, data and analysis included in our publications are believed to be accurate, reliable and credible but nothing has been independently verified for its certainty. Also, facts, figures and data can change at any moment, thereby affecting past analysis and conclusions. The newsletter and website are not tailored to anyone’s financial situation and therefore do not, nor could they; take into account the needs, objectives and financial situation of its readers and subscribers. Readers are strongly encouraged to consult with a qualified financial advisor before making any financial decisions.
Comments
Log in or sign up to join the conversation.