## GoldStockData.com Analyst Predicts Market Meltdown and Potential Recession
Don Durrett, an analyst at GoldStockData.com, recently shared his insights on the current market situation, suggesting that the US economy is in trouble and could be heading towards a recession later this year. Drawing parallels to the 2008 financial crisis, Durrett stated, “I think that we’re going to see kind of like a 2008 scenario where you start seeing big events.”
He further added, “We had a couple of banks go bad, but we haven’t had a really big bankruptcy (like a) Lehman or a Bear Stearns event. And I think those are coming — I think Q4 is going to be very, very negative for the markets and better for gold and silver.”
In addition to discussing the market meltdown, Durrett also shared his price targets for gold and silver, as well as identified buying levels for gold stocks. To delve deeper into his perspectives on these topics and more, watch the full interview above.
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**Securities Disclosure:** I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
**Editorial Disclosure:** The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
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