GLD and URA: Two Ways to Profit Amid Commodity, Equity Rally

[Pelican Press 0]

GLD and URA: Two Ways to Profit Amid Commodity, Equity Rally

As for the economy, the federal government (the Bureau of Economic Analysis) released its third estimate of real ****** domestic product (GDP) growth recently at 3.4% (annual rate) for the final quarter of 2023, and 2.5% for the full year.

But the Bureau of Economic Analysis also released ****** output (GO), which is a much broader measure of total economic activity, including the all-important supply chain, and it tells a different story. Real GO was a full percentage point below GDP in the fourth quarter, 2.4%.

Worse, business-to-business spending actually fell slightly, by 0.3%…and has been virtually flat since the start of 2022, as this chart shows.

GO and business spending are leading indicators, suggesting a slowdown and perhaps even a recession in 2024.

Meanwhile, several of our other positions are moving in the right direction. is one of them, now over $2,200 an ounce. GLD (NYSE:) is up more than 8% year to date, and this despite a strengthening dollar!

prices are also starting to move back up, recently at around $88 a . The correction seems to be over. I recommend the URA. It’s ahead 7% so far this year.

Recommended Action: Buy GLD and URA.

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#GLD #URA #Ways #Profit #Commodity #Equity #Rally

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