Recession is coming. Are you ready? - Weekly Wrap-Up (May 24, 2019)
May 24, 2019
The trade war is heating up and spreading out, the stock market is showing signs of weakness, and all indications point to a recession. Central Banks are buying up gold. Should you follow their lead? Eric Sprott joins us once again with all the gold and silver news you need, including:
• Why all signs point to a recession—and what could make it worse
• What’s behind the Central Bank gold demand
• Plus: Wallbridge’s tough week
“Of course, the big macro is the trade war, which now seems to be getting really spread out as we put Huawei into the whole thing… I don’t think the Chinese are going to sit idly by and do nothing here—it’s been mostly a U.S. initiative so far. But you know the other shoe’s going to drop… There’s no doubt in my mind that the Chinese economy is way bigger than the U.S. economy. I don’t care what the numbers say.… They’re the biggest steel producer, they’re the biggest gold consumer. They’re the biggest everything, OK? … Think about what happens when the Chinese say, ‘No mas, man.’”
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