Thanks to the Fed, $1300 Gold Is Just the Start

``They will not only continue on their current path but most likely double down if the economy enters recession, which is looking increasingly probable. Here's how we can know... Yield Curves Are Alarmingly Flat. With the 2/10 Treasury curve continuing to flatten and 10-year Treasury yields ending the week at 1.61%, the markets are telling us that recession risk is rising. And if one arrives, the Fed will not have the traditional 300-500 basis points of easing room in its hip pocket to save the day. Instead, it will feel compelled to launch another round of QE because -- heaven forbid -- our snowflake economy cannot be permitted to suffer even a quarter or two of negative growth.''