Thursday, October 25, 2018
Sunday, October 21, 2018
Wednesday, October 17, 2018
Wednesday, October 10, 2018
Gerald Celente: Markets On Course To Crash With Italy’s Problems
It’s going on in all the emerging markets and the developed nations,” Celente told Kitco News.
Celente said that the new Italian government is reflective of the broader anti-establishment sentiment in Europe, with Brexit being a leading example. “This could be the beginning of the end of the euro. If that happens, because of what’s going on in Italy, you’re going to see destabilization everywhere,” he said.
On gold, Celente said that the yellow metal needs to hit at least $1,450 an ounce before upward momentum can be seen. “Gold has to break above $1,450 an ounce, and then at that time we see a spike to $2,000 and above,” he said.
- Source, Kitco News
Monday, October 1, 2018
Gerald Celente: Economic Meltdown Worse Than Great Depression Coming
What is the timeline for this coming market meltdown? Celente says, “The timeline is tough, but look all you need is one major failure or one major hedge fund pulling out because that’s who is running the show. You look at the number of stocks that have declined.
Look at the big hedge funds and the private equity groups that are running this, and look at their debt level.
It does not take a genius to figure this out. If you have $250 trillion worth of (global) debt and interest rates are going up, and it’s costing you more to borrow as you are making less, what is going to happen? It’s going to collapse.
You’ve got to pay more on your debt, and your debt is ballooning. Of course, it’s going to crash. It’s a Ponzi scheme.
It’s going to be worse than the Great Depression. When this thing crashes, it is gone.”
Celente says you should have is physical gold, but don’t wait too long to buy it. Celente says, “There is going to be a spike to the $2,000 per ounce mark when it gets past $1,450. It won’t be a gradual increase.”
- Source, USA Watchdog
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