With the price of gold surging above the critical $1,220 level, the top trends forecaster in the world, Gerald Celente, just issued a major trend alert on the road for the gold market in 2017.
Here Is What To Look For In The Gold Market In 2017
(King World News) Gerald Celente — Trends are born, they grow, mature, reach old age and die. The Donald Trump, President of the United States of America, Trend has just been born.
Never in modern history has the nation stood so divided and nations across the globe so alarmed following the election of the leader of the world’s largest economy and most powerful military…
To hear which legend just spoke with KWN about $8,000 gold and the coming mania in the
gold, silver, and mining shares markets CLICK HERE OR ON THE IMAGE BELOW.
And with each passing day, social tensions rise, equity markets tremble and geopolitical uncertainty grows with each new executive order, accusation, proclamation and tweet.
Immediately following Trump’s inauguration, The Women’s March of nearly 5 million women and men across America and throughout much of the western world took to the streets, vowing to protect “our rights, our safety, our health, and our families… and that women’s rights are human rights.”
Just a week later, following Trump’s executive order to restrict immigration into the US from seven Muslim-majority countries, mass demonstrations spontaneously erupted across America. And, from Silicon Valley to Wall Street, CEOs condemned Trump’s travel-ban directive. In response, equity markets shuddered and gold prices rose:
“Travel Upheaval Sets Back Stocks. U.S. stocks stumbled, sending the Dow Jones Industrial Average in its worst day since the election.” — Wall Street Journal, 31 January 2017
While the markets were hit, gold spiked some $15 per ounce, gaining more than 5 percent in January, its best month since June 2016.
Assess the impact of Trump’s tough stance on immigration and growing concerns of trade protectionism. Consider the implications of White House accusations that China is purposely devaluing its currency and Germany is using a “grossly undervalued” euro to “exploit” the US, whose strong dollar makes American-made products more expensive to export: Stocks lost momentum and gold prices rose as tensions built.
Go beyond the Trump currency-devaluation accusations and immigration ban that unnerved equity markets and pushed gold prices higher. As illustrated in yesterday’s New York Times headline, “Trump’s Unpredictability Makes Foreign Leaders Wary,” global uncertainty persists.
On Tuesday, European Council President Donald Tusk wrote in a letter to European leaders that “worrying declarations by the new American administration all make our future highly unpredictable,” and that there should be no surrender “to those who want to weaken or invalidate the transatlantic bond.”
TRENDPOST – THE ROAD FOR GOLD IN 2017:
The Street expects the Federal Reserve to raise interest rates twice this year, thus putting downward pressure on gold because higher rates will boost the dollar. That will increase the opportunity cost of holding non-yielding assets such as gold.
Considering the unprecedented socioeconomic and geopolitical fear and uncertainty levels associated with the Trump White House, we maintain our forecast of a limited downside risk for gold and a strong upside potential during this administration.
And, of all the world’s currencies and commodities, gold outshines them all as the ultimate safe-haven asset in times of high anxiety, deep concern, social unrest and geopolitical instability.
***KWN has released the powerful audio interview with James Turk and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: The Brutal War Between Gold & The Federal Reserve – Is The Price Of Gold Headed To $20,000? CLICK HERE.
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