Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details
The U.S. Economy Is In A Recession Now: Gold, Silver Set To Soar
www.investing.com/analysis/the-us-economy-is-in-a-recession-now-gold-silver-set-to-soar-200624598
The U.S. Economy Is In A Recession Now: Gold, Silver Set To Soar
By David I. Kranzler | May 20, 2022 01:35AM ET “We’ve seen a downturn in the price as expressed in the paper derivatives precious metals’ price. There hasn’t been any large scale physical selling of gold or silver. Coin dealers sell gold and silver on a daily basis to retail buyers and the bullion banks broker bullion from major gold bullion producers into the countries that are buying – India, Russia, China, etc – but I have not heard of any entity that owns a large amount of gold say ‘we have to sell 100 tonnes gold, bid wanted in comp…”
The economic and corporate earnings data continue to reflect an economy that is heading into a recession – a bad one, I suspect. 85% of the S&P 500 companies have reported their first quarter. The S&P 500 GAAP earnings are down 14% versus Q4 2021 and up only 1% year-over-year. If earnings were adjusted by just the highly massaged YoY CPI inflation rate of 8.3%, real YoY SPX earnings are down 7.5%. The general economic data, which I scrutinize weekly for my Short Seller’s Journal newsletter, began showing economic weakness last summer, after the round two stimmies were largely spent. The one area that continued to show robust activity was the housing market. But both home sales (new and existing) and retail sales (nominal) have been in sharp downtrend since the beginning of 2022.
Elijah Johnson invited on to his Liberty and Finance podcast to discuss the economy and, of course, gold and silver:
Related Articles
Once Red-Hot Metals Retrace
By Tim Knight - Jun 26, 2022
2
Remember all the zaniness in early March about how commodities were going to the moon, and metals such as nickel were so red-hot that the exchange literally had to shut down so...
Natural Gas: Irresponsible Pricing And Politics
By Dimitris Kontoulis - Jun 25, 2022
1
Natural gas futures on the Nymex faced another negative week before closing 11.8% lower than the previously at $6.17. At time of writing, the August contract was trading at...
Natural Gas: Bear Trapping Starts Here
By Satendra Singh - Jun 24, 2022
1
Following the steep fall soon after the weekly inventory release on Thursday, NG futures were on their way back to the $8.5 level amid growing seasonal demand as the reversal...
The U.S. Economy Is In A Recession Now: Gold, Silver Set To Soar
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.