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David Rosenberg: The Financial Path We are on Will Make Gold Skyrocket – Source – Palisade (11/21/2019)

David feels that the yield curve is a critical forward-looking indicator to watch as it reflects sentiment in the bond market. Evidence of the onset of a recessionary period is all around us and is showing up in the housing markets as residential construction has entered a prolonged downturn. Tariffs persist and continue to cause economic damage and uncertainty for global trade and manufacturing.

David says, “Charts don’t lie, and the chart for gold looks fantastic.” Gold has rallied this year against every currency in the world. The Fed is peaking at lower and lower rate levels during each market cycle, and the implications are for negative interest rates, which means gold would skyrocket.

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