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Leading strategist highlights risk of double dip recession, predicts gold to hit $2000. – Motley Fool Australia
A Saxo Capital Markets strategist says Australia is at risk of a double dip recession and that gold could reach $2000 per ounce.
On Wednesday, the Motley Fool received commentary from Saxo Capital Markets by Australian Market Strategist, Eleanor Creagh. The commentary included some grim predictions which could be particularly relevant to the share prices of ASX banks such as National Australia Bank Ltd.(ASX: NAB) and Commonwealth Bank of Australia(ASX: CBA) as well as gold miners such as Newcrest Mining Limited(ASX: NCM).
The risk of a double dip recession
According to Eleanor Creagh, there are risk factors that could s…
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