More (and bigger) bumps in the road

John Taylor of FX Concepts predicts that gold will hit $1,900 by October. But hold on to your hat – the expert in the management of foreign exchange and related fixed income markets then sees a plunge to $1,100.
Taylor says that will be followed by liquidation as the latest and greatest recession grips the world. He thinks it will be worse than the 2008 because the U.S. has run out of tricks to stop a slowdown.

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