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MacroVoices #388 Lakshman Achuthan: Recession Still On Deck

Macro Voices

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The 10 US Treasury Curve

Gold is trading right back to the June lows and generally gold has not really moved strong off of those lows that were established in June. The idea that gold may on the short term dip lower and then rally maybe later in the year if not in the start of next year, I think is increasing probability at this moment. If we do see gold even trade down to 1850 or 1900, I'm going to be paying attention to see whether or not that's where the key lows come in. Eurostock will correlate with global equity in particular the S&P, but it will be really interesting to see Whether or not any bounces we see here remain below 4400. This could already be marking some

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