Gerald Celente: Gold and Silver Spiking, Could Make the Markets Panic

Absent a wild card/black swan event, there is not a confluence of multiple factors at this time to signal an impending market crash. However, with markets over-valued and way over-leveraged, threats of a 20-percent, bear market correction increase.

What’s next? Watch gold. The ultimate safe-haven asset in times of economic and geopolitical turmoil. Prices should have spiked in response to the recent massive Wall Street sell-off. Instead, prices declined because rising interest rates make non-yielding gold less attractive.

Now, gold prices are edging higher. Should prices suddenly spike and stabilize above the $1,450 range, it will signal serious stock market panic that will override rising interest rate concerns, driving gold prices higher by several hundred dollars.

- Source, King World News