"The price of oil has come down from its peak, and the cost of key consumables are declining," argues Chris Mancini, Gabelli Funds Senior Analyst. "Labor is not increasing at the same rate that it has been," he tells Daniela Cambone on today's episode. "There are good signs that inflation has peaked, but we're starting to see the economy start to weaken a little bit," Mancini continues. "Broad U.S. market CPI has peaked, and the price of gold will rally on real recession next year," he predicts. Mancini warns that there is more Fed help is on the way, "and inflation will take off again." Gold in a position in a place where it needs to show it can sustain itself. Mancini concludes, "Bitcoin was suppose to be man-made gold, but the issue with anything made by man is it's going to be corrupted." Video by Stansberry Research's Daniela Cambone.
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