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Mr Paul Kasrielof North Trust says...
I dont believe it, but this guy picked it on the way down, and he made the call in May last year that USA was most likely in a recession (99%). So if we listened to him on the way down, we must listen to him on the way up.
If his forecast is correct, gold will rally hard after USA summer, but before then gold will consolidate or fall.
Of couse any CRACK before the 4qtr could send the USA down further and but any recovery off for months.
Possible CRACKS...
JPM - derivative crash
Unemployment - 15%
Houses accelerate downwards much much further
China puts its foot down.
$USD plunges
Tresuries crash, yields up.
Na, that wont happen, he they just changed the accounting rules on Mark to market so that spin is worth a +1000 pts of the DOW !
although the economy remains mired in a severe recession, we have seen nothing of late to dissuade us from our forecast of recovery getting underway in the fourth quarter of this year. In fact, what we have seen of late increases our confidence in the forecast.
If his forecast is correct, gold will rally hard after USA summer, but before then gold will consolidate or fall.
Of couse any CRACK before the 4qtr could send the USA down further and but any recovery off for months.
Possible CRACKS...
JPM - derivative crash
Unemployment - 15%
Houses accelerate downwards much much further
China puts its foot down.
$USD plunges
Tresuries crash, yields up.
Na, that wont happen, he they just changed the accounting rules on Mark to market so that spin is worth a +1000 pts of the DOW !