Gold in the long term will still increase
Speaking of gold in the long term, Tavi Costa, portfolio manager at Crescat Capital, said that it is only a matter of time before the price of gold surpasses $2,000 an ounce as the world continues to deal with higher interest rates, Inflationary pressures increased and the global economy was engulfed in debt.
Costa said that he sees three risks to the global economy that will support gold prices. The first risk is that the US government defaults on its debt. He added that although the possibility of this is extremely low, it is still not impossible. However, a recession due to the Fed's aggressive monetary policy tightening cycle or US debt levels triggering a sell-off in the bond market are two real threats lurking.
Costa has sounded the alarm about a recession in 2023. His research has noted that not only is the yield curve most inverted in recent history, but 90% of the curve is inverted. vice versa, meaning that across the spectrum, short-term yields are higher than long-term rates.
GOLD SELL LIMIT 1958 - 1961
✅𝖳𝖯1 1955
✅𝖳𝖯2 1950
✅TP3 1945
🛑𝖲𝖫 1968
Costa said that he sees three risks to the global economy that will support gold prices. The first risk is that the US government defaults on its debt. He added that although the possibility of this is extremely low, it is still not impossible. However, a recession due to the Fed's aggressive monetary policy tightening cycle or US debt levels triggering a sell-off in the bond market are two real threats lurking.
Costa has sounded the alarm about a recession in 2023. His research has noted that not only is the yield curve most inverted in recent history, but 90% of the curve is inverted. vice versa, meaning that across the spectrum, short-term yields are higher than long-term rates.
GOLD SELL LIMIT 1958 - 1961✅𝖳𝖯1 1955
✅𝖳𝖯2 1950
✅TP3 1945
🛑𝖲𝖫 1968
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