As people continue to digest breaking news from around the world, some time ago the Godfather of newsletter writers, 90-year-old Richard Russell, discussed the war against deflation, the horrors of war and what he was telling his subscribers to do. Included in this piece is one of the most tragic images you will ever see.
As the world edges closer to the next crisis, today the man who has become legendary for his predictions on QE and historic moves in currencies told King World News that investors should ignore the pullback in gold because the price of gold is about to spike above $1,350 on the way to $1,600 as global stock markets crater.
Gerald Celente’s KWN audio interview has now been released!
On the heels of the recent turmoil in global markets, Gerald Celente just warned these wild cards can crash global equities and economies.
With the Dow tumbling 400, bonds rallying and the price of gold surging, one indicator is now forecasting $1,900 gold. Also, take a look at what is happening to the price of gold in Australia.
On the heels of the release of the useless Fed Minutes, it now appears that the mountains of misallocated capital and all of its consequences will intensify as the bear market strengthens.
As we move through the final two weeks of trading in May, Michael Oliver, who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, just predicted silver’s massive weekly momentum structure targets big upturn.
May 21 (King World News) – On the heels of bitcoin’s violent rally from $4,000 to $8,000, one bitcoin billionaire, Barry Silbert, just launched an ad campaign urging investors to sell gold in favor of bitcoin. The ad campaign is titled “Drop Gold.” One legend in the gold world, Pierre Lassonde, commented on the absurdity of the ad campaign against gold.
On the heels of some wild trading recently in global markets, Tom McClellan, Art Cashin, Peter Boockvar all weigh in, plus a shocking chart.
As the trade war between the US and China heats up, don’t believe that China will dump all of its US dollars.