The risk of a US recession should not be all bad news - especially for gold stocks.
If the US goes into a recession, their dollar will dive, making it more expensive for them to import all of their goodies and cutting down further on the international trade market - the world relies in a big way on the US and their over-consuming habits.
If the dollar drops however, the international community would look to reduce their US $ reserves ($1.1 Trillion I think China have) - if they reduce their US dollar where are they going to put their reserve dollars? The Euro yes, but also into good old gold, driving gold prices up as the rest of the resource market takes a dive.
The risk of a US recession should not be all bad news -...
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$2.77 |
Change
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Mkt cap ! $193.5M | |||
| Open | High | Low | Value | Volume |
| $2.74 | $2.78 | $2.62 | $52.50K | 19.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $2.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.78 | 708 | 1 |
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