GoldSeek Radio Nugget - Bob Hoye: "Recession is inevitable and likely to be severe"

Bob Hoye, says the investment du jour in 2024 - Gold and Gold Stocks, with gold holding support above $2,000 for several weeks. Bob worked in the Junior Mining field and now is a financial historian and author/founder of chartsandmarkets.com.

- Bob outlines his vantage point on financial markets for 2024.
- The ominous, Hindenburg Omen just registered a new signal - what are the implications?

I think they're manipulating them. And then also, you've got people trying to get back to normal after the COVID lockdown. So, I think I'm staying with the theme that the yield curve is inverted and curve inversion is always followed by recessions.

He continues:

Every inversion [to the yield curve] has been followed by recession and then – the other part of that is, if the rush to inversion is fairly dynamic, the more dynamic it is, the more severe the recession and the rush to inversion a year ago was fairly dynamic, so, our conclusion is recession is inevitable and is likely to be severe. Then also the one that people have a lot of problems with is the US dollar relative to other currencies, will be chronically firm. It's going to drive central bankers crazy around the world.

- The Dow Confirmation has not yet registered a bull market for equities.
- With the Fed Funds Futures signaling big rate cuts this year, will investors favor T-Bonds?
- Junior gold shares on the Toronto Venture exchange may be a value.
- Q&A Hotline: 24/7 record your questions and comments! 828-554-1203

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(Note. This information is educational only - the show host and guest may own shares - all investments involve risk and potential loss potential.)