Now we have had negative GDPs and we can actually admit to it that we are in a RECESSION. The reason for shorting GOLD is because it serves as a save haven.
Now we have seen High Inflation in the US and also two quarters of Negative GDPs and signaling a RECESSION. But we had a strong Labor market and the White House finally came out and denied that we are not in a Recession, so that sent the stock market to Rally. But we are expecting the DIP on the equity market SOON.
Now, I see the Great Britain Pound getting stronger than the dollar. The reason is because US PPI numbers came out worse than expected today. Whenever US PPI comes out worse than expected the US dollar always dump. So, with this confirmation I am going Long on GBPUSD.
