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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Todd ‘Bubba’ Horwitz, Chief Market Strategist at BubbaTrading.com, who says the Federal Reserve will continue to hike interest rates pushing the U.S. economy into a recession and U.S. equity markets (S&P 500) will crash 50-70%. But despite the grim outlook, Horwitz identifies certain assets that he says will outperform in the second half of the year. Horwitz also discusses his outlook for gold, silver and platinum, expectations for the Fed July meeting, and inflation. He also weighs in on the new trend of U.S. presidential candidates promising to back the U.S. dollar with assets, such as gold, silver, and Bitcoin.
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0:00 – Intro: The Fed and recession outlook
2:09 – Real inflation
4:52 – The Fed to hike above 6%
10:20 – The U.S. is already in a recession
15:54 – Markets facing a meltdown
20:11 – Chance the Fed hikes by 50bps in July
23:07 – Small businesses being harmed
28:59 – 2024 election: promises to back the U.S. dollar with hard assets
39:29 – Gold outlook
44:03 – Silver to rise above $30 in 2023
50:22 – Platinum is undervalued
#economy #Fed #macro #gold #silver #platinum
Vivek Ramaswamy: As President, I’d back the dollar by a basket of commodities including gold – https://www.youtube.com/watch?v=KYhchMwOga0
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