I believe that the gold rise has not finished ,but is taking a breather...
While the US does not admit being in a recession,unfortuneately I think it is..
Gold is a hedge against inflation and recession..Gold stocks ,producers and then outstanding juniors are highly regarded by the world as safe haven..
Going through the payrolls data from WWII onwards, the U.S. has never, ever seen more than
two consecutive months of job losses that have not been during or surrounding a recession.
And since we’ve now seen four consecutive months of negative numbers, that along with the
plethora of other signs suggests that the U.S. is in the midst of a recession. And, assuming
the U.S. is indeed in a recession, then the job numbers will get much worse. A typical
recession sees several quarters of job losses, and in much greater quantities than we’ve seen
so far. Therefore, what I’ve seen so far is only the tip of the iceberg, and I'm expecting to
see the labour market sour substantially over the next few months.
So buckle down,cash up where you can and hold your gold..
KXL has the goods..
It's a Monday trading day..Good luck to all us KXL schlongs..