Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Mark Skousen: This is the Only Way Gold Breaks US$2,000 and Stays There

by November 21, 2023
November 21, 2023
Mark Skousen: This is the Only Way Gold Breaks US$2,000 and Stays There

Mark Skousen of Forecasts & Strategies recommends investors diversify their portfolios, including gold and silver in the mix. However, he said the yellow metal needs a weak US dollar to break US$2,000 per ounce and stay there.

‘The only way I think gold will break through and stay above US$2,000 is if the dollar becomes weak,’ he said. ‘And the dollar’s not going to become weak until interest rates start coming back down — that will cause the dollar to drop.’

When asked what could prompt the US Federal Reserve to reverse course and take interest rates back down to lower levels, Skousen pointed to the potential for a debt crisis in emerging markets.

‘The dollar is so strong, and most of this emerging market debt for example is all in US dollars, and they’re paying these very high interest rates. They’re not going to be able to pay that off. So I think there’s going to be an emerging market debt crisis. When that happens, the Fed is going to cut interest rates, probably pretty sharply, because of the fear of contagion,’ he said.

‘The US is in no position to have a major recession, because if we do that means the deficit is going to balloon even more — the national debt’s going to get out of hand. So the Fed doesn’t want that, but they may get it nevertheless.’

Looking beyond the US, Skousen mentioned global instability as a major concern. ‘We now have two major wars going on. We could have a third with China and Taiwan. The spreading of world war could be a serious destabilizing factor in the economy. Again very positive for gold and defense stocks and things like that … but we need to be alert to that.’

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
HUGE NEWS! New SharpCharts Workbench Updates + Black Friday Week MEGA SALE
next post
Taxes on Cryptocurrencies

Related Posts

Sage Potash Closes Private Placement of $1,822,500

May 28, 2024

Hempalta

May 27, 2024

Appia Signs MOU to Option Elliot Lake Property

May 15, 2024

Noble Minerals Acquires a Rare Earth Project and...

August 18, 2023

Fireweed Advances Boundary Zone, Intersecting 57.4 m of...

December 1, 2023

StrategX Expands Nagvaak Critical Metals and Graphite Discovery...

March 27, 2024

Tech 5: Apple to Invest US$500 Billion in...

March 2, 2025

Silver Price Update: Q2 2023 in Review

July 18, 2023

ALX Resources Corp. Completes Prospecting Program at McKenzie...

November 13, 2023

How to Use Gold Investments as a Hedge...

August 24, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    • Week Ahead: NIFTY Stays In A Defined Range; Moving Past This Level Crucial For Resumption Of Upmove

    • Editor’s Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

    • Run Your Stock Portfolio Like a Pro Sports Team

    • Leadership Rotation Could Confirm Corrective Phase

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

    Categories

    • Business (1,223)
    • Investing (2,504)
    • Politics (3,699)
    • Stocks (1,616)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved