The New Trend that will Cause Chaos
Never before has the global economy been closed down and in this audio interview Gerald Celente warns of a new trend.
We’re going to go through “dragflation”. The global economies are going to be dragged down and inflation is going to skyrocket. You can’t print all this digital money backed by nothing and…not have the results of inflation
With the OECD claiming that rich countries will be left with deeper economic scars from the corona pandemic than anything else in the last 100 years, Celente says people are going to continue seeking gold and silver as currencies devalue.
With his incredibly accurate forecasts to date, Celente currently predicts:
LISTEN NOWIf gold solidifies where it is right now US$1750 for two weeks it’ll get to US$2000 and above. Silver will break over $20. When gold breaks lose over US$2000, silver will be a big play out. When gold breaks over US$2050…it could go to US$10,000. We are going through something unparalleled in history.
Investor Rose Coloured Views Are Wrong
“Investors’ rose colored lenses see an economic recovery whilst half the population is unemployed. And, despite record amounts of debt, the government believes they can always spend more. These rose colored views are wrong”
The steady erosion in the value of the dollar and gold’s uptick is a sign that the market is worried that the Fed has lost control in its ability to manage the nation’s needs.
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An Upside Breakout Could Be Imminent
The best word to summarize both the fundamental and technical picture for gold right now is ‘solid’.
READ NOWThere’s a nice bullish rectangle in play, and now a small inverse H&S bull continuation pattern has appeared within the rectangle. That suggests an upside breakout could be imminent.
