The US dollar is poised to slip even further than its 2009 low with a choppy year on the horizon for the financial markets according to the latest assessment by Bond King” Jeffrey Gundlach.
The CEO of DoubleLine says that there are already signals that the economy is stalling and this will only be exacerbated by the Federal Reserve’s planned tapering. He said, “It’s quite likely that since the stock market and risk assets have been clearly supported for over a decade by balance sheet expansion, it is turning into rough waters. It’s likely that we will see economic problems with just a few rate hikes from the Fed — four rate hikes or so. It’s 1% or 1.5% on the Fed funds rate that breaks the economy. Since March of this year, the bond market seems to be sniffing out a weaker economy coming … One should expect economic problems sooner rather than later. My base case is we’ll start to see trouble by the second half of 2022. When the dollar starts to slip, I think it’s going to slip pretty mightily and take out that low of 2009.”
As we know, gold thrives in a poor economic climate and feeds off a weaker dollar. Don’t miss this opportunity. Buy now.