Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

US recovery weakest on record

IMG Auteur
 
Published : January 28th, 2013
279 words - Reading time : 0 - 1 minutes
( 2 votes, 5/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Crisis Watch

24hGold - US recovery weakest ...New data out from the St Louis Federal Reserve confirms that the current post-Q2 2009 “recovery” in the US economy is the weakest on record.

24hGold - US recovery weakest ...

ZeroHedge has all the details and more charts. Interestingly, while gains in real GDP remain sluggish, US equities have been outperforming relative to past recovery cycles. Which tends to confirm that government policies have been helpful for the wealthy and extremely unsatisfactory for the rest of the population.

Across the Atlantic, figures released by the United Kingdom’s Office of National Statistics have confirmed that GDP contracted in the final quarter of last year by 0.3% – more than consensus estimates expected. So we’re on course for an unprecedented triple-dip recession and a loss of the country’s triple-A credit rating, along with a significant collapse in the pound’s value relative to gold.

In other European news, Greek and Spanish youth unemployment rates continue to shoot higher: at above 55% for both countries and more than double the eurozone average, with some analysts concerned that the bottom has not been reached yet. Eurozone stock markets have rallied since last summer – as has the euro – but the hard work required to remedy the continent’s structural economic flaws is only just starting.

Precious metals had a tough day yesterday, with gold again succumbing to selling pressure after looking like it was going to break though resistance at $1,700. Silver and platinum followed gold lower, but palladium continues to show strength – and looks like it wants to breakout to new 12-month highs above $725/oz. For those interested in learning more about platinum and palladium, Sprott Asset Management have just released a new infographic on the subject.

Data and Statistics for these countries : United Kingdom | All
Gold and Silver Prices for these countries : United Kingdom | All
<< Previous article
Rate : Average note :5 (2 votes)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
The Rediscovery of Men
07 Decaccording-1
and now bernie has a brand new house. i smelled that the fix was in when he said he was running against filthy hillery. then at the perfect moment...
The Rediscovery of Men
07 Decaccording
i suspect that georgie S and his goons will crash the coin and try to starve our guts and spirits with fears we havnt felt perhaps ever. it will be...
The Deepening Deep State
07 Decaccording
james this is a nice piece of writing. good to see you moving to the Right. its probably safer there for awhile at least.
Jack Kemp's Gold Standard Act Of...
05 Decsam_site
We were on a disastrous 40% Gold Standard from 1914 thru 1944 and this half-assed 40% standard enabled the globalists to create two world wars...
Dollar Reappraisal : Gold Vanish...
04 Decsam_site
Enjoyed the gold history lesson of 1965. Palyi's quote "where the Welfare State is on the march, the Police State is not far behind" is prophetic....
Indian ‘Gold Ban’ a Portent of M...
03 Decsam_site-1
You believe like Brandon Smith, that Trump was allowed to win or is a secret globalist puppet that will be "fingered as the scapegoat for this...
Lawrie Williams: Major gold pric...
02 Decian15171
Hmm. the first signs of the long talked about disconnect between paper and physical?
Trump Makes The US Stock Market ...
02 DecThe Recusant
I'm forever blowing bubbles, Pretty bubbles in the air, They fly so high, Nearly reach the sky, Then like my dreams They fade a...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS