You read a lot recently about "double dip" and it does not refer to two scoops of ice cream, or to the Jerry Seinfeld episode when George takes a large tortilla chip, dips it into a bowl of dip, bites into it and dips it into the bowl again, much to the utter disgust of the person standing next to him. Yes, the financial meltdown has brought all kinds of new words into our lexicon.
The double dipping you have been reading about refers to recession -- a double-dip recession, with a W shape on the chart. It is a recession followed by a short-lived recovery, followed by another recession.
We are half way into the year and it is a good time to ask ourselves if we are in fact facing another "double-dip" recession? And if so, what are the implications for precious metals?
There is certainly enough fear and angst on the subject if you read the financial pages. The word "fear" led the front-page headlines of The Wall Street Journal at least twice last week. (more)
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