On the heels of another wild day of trading that saw the Dow plunge another 545 points and the price of gold spike, Gerald Celente just issued this major trend alert.
October 11 (King World News) – Gerald Celente: In our September 19 Trend Alert “Economic 9/11,” we warned “…a market crash was coming … that will rock the world.”
World equity markets have been rocked…
KWN receives so many emails from its global readers and listeners about which high-quality mining companies they should invest in, and as a result we have added another remarkable company to the list. This is one of the greatest gold opportunities in U.S. history and you can take a look at this remarkable company and listen to the just-released fantastic interview with the man who runs it by CLICKING HERE OR BELOW
Gerald Celente continues: Even before the Dow dropped some 830 points on Wednesday, global equities were diving lower and sinking deeper into bear territory.
While Asian markets were hardest hit with losses in excess of 5 percent and the MSCI Emerging Market stock index has now tumbled 24 percent from its January peak, the bear market contagion is worldwide: Turkey, South Africa, Brazil, Venezuela, India, Hong Kong, Australia, Argentina, Italy, Indonesia, Singapore among others are in bear territory.
What is causing the global sell-off?
Virtually ignored for months, media and financial “experts” are finally getting right what we have repeatedly forecast would crash markets and sink economies worldwide.
Month after month, week after week, day after day they kept screaming that trade wars and tariffs would bring down markets.
But while they were anticipating what would happen, we identified what was happening and its immediate and long-term implications: Rising interest rates.
In fact, it was one of our Top Trends of 2018: “Market Shock,” which we sent to Trends Journal subscribers last December:
“As U.S. interest rates rise and the dollar strengthens, the cost burden to Emerging Markets, whose debt, much of it dollar based, has soared, will be difficult to service.”
We concluded that:
“…global economies, particularly in China, India, Europe and EMs will shift significantly downward to bear territory and some will sink into recession.”
That’s precisely what happened. World economies and world equity markets addicted to cheap money can’t kick their habit.
Indeed, it was cheap money that pulled the world economies and equities out of the Great Recession over the last decade and as we had forecast, it’s rising interest rates that’s triggering the “Economic 9/11.”
While the Fed, possibly under pressure from President Donald Trump, who said they’re “going crazy” and “going loco” for raising rates, may be pressured to delay future rate hikes, doing so will temporarily slow, but not prevent a global economic meltdown.
ALSO JUST RELEASED: Gold Spikes $30 As Extreme Fear Grips Markets But Here Is The Really Big Danger CLICK HERE TO READ.
© 2018 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.