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Gold Set Up for Breakout With Looming Recession, Bitcoin Will Be Corrupted

Gold Set Up for Breakout With Looming Recession, Bitcoin Will Be Corrupted

FromThe Daniela Cambone Show


Gold Set Up for Breakout With Looming Recession, Bitcoin Will Be Corrupted

FromThe Daniela Cambone Show

ratings:
Length:
19 minutes
Released:
Dec 8, 2022
Format:
Podcast episode

Description

"The price of oil has come down from its peak, and the cost of key consumables are declining," argues Chris Mancini, Gabelli Funds Senior Analyst. "Labor is not increasing at the same rate that it has been," he tells Daniela Cambone on today's episode. "There are good signs that inflation has peaked, but we're starting to see the economy start to weaken a little bit," Mancini continues. "Broad U.S. market CPI has peaked, and the price of gold will rally on real recession next year," he predicts. Mancini warns that there is more Fed help is on the way, "and inflation will take off again." Gold in a position in a place where it needs to show it can sustain itself. Mancini concludes, "Bitcoin was suppose to be man-made gold, but the issue with anything made by man is it's going to be corrupted."
Released:
Dec 8, 2022
Format:
Podcast episode

Titles in the series (100)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.