ULTRA LITHIUM INC. — TSX.V-ULT
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Blog - Latest News
rising recession possibility

Rising Recession Possibility could Favour Gold

September 17, 2019/in In the News/by Gray Leigh

Investors turn to gold amidst rising recession possibility

The global economy braces for a downturn. Indeed, only a fool would claim to know how steep the fall will be. Nevertheless, the price of gold hit a 6-year high amidst a rising recession possibility.

READ: Gold Price Hits 6-Year High

Evidently, investors are scrambling to cushion their portfolios from the impending blow.

Most investments in virtually all economic sectors and industries are now considered risky by analysts. As a result, gold’s status as a haven-asset is that much more significant.

Bracing for the fall

rising recession possibilitySigns of an impending recession continue to emerge. Firstly, the bond market continues to weaken. With an inverted yield curve, the historical precedent for a downturn is set,

Over the past half-century, the yield curve has inverted prior to a recession every time.

Secondly, employment growth is also starting to slow. Monthly growth over the past year is the lowest since 2012.

Recession-proof actions ensure recession

Additionally, real GDP growth has begun to slow down. As a result, a fall in total income raises a red flag.

rising recession possibilityHowever, individual government and corporate behaviour present the most surefire sign of recession.

Once investments in talent and innovation begin to decrease, the path to recession becomes a fast-track.

While this hasn’t manifested, it’s only a matter of time for pre-emptive austerity measures to kick in. Once they do, expect to see a lot of downward sloping charts – with a probability of gold heading in the opposite direction.

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Gold Price Hits 6-Year High

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Inc. Closes Private PlacementAugust 11, 2023 - 5:30 am
  • Ultra Lithium Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am

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Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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