On the heels of stocks and crude oil rallying, Gerald Celente just issued this major trend alert.
April 29 (King World News) – Gerald Celente: Despite Washington and the U.S. Federal Reserve pumping trillions of digital cash printed on nothing and backed by nothing, the U.S. dollar continued to strengthen, gaining 0.9 percent in value against 12 other currencies… including those of Brazil, Britain, Canada, China, the Eurozone, Mexico, New Zealand, Norway, South Africa, South Korea, Singapore, Sweden, and Switzerland.
The dollar remains the international choice for safety and the preservation of value since, regardless how dire the current and economic future is in the United States, the geopolitical and socioeconomic conditions of other nations are in greater jeopardy of sharp declines.
Therefore, since the dollar is still considered a safe-haven investment, gold prices have not been able to stabilize above our $1,740 range required to then spike to $2,000 and above.
As Reality Strikes
As reality strikes following the un-locking of the locked down global economy that it will not bounce back in the hopeful V or W recovery championed by The Street, the U.S. dollar, as with other currencies, will sharply weaken, pushing gold prices much higher.
Alasdair Macleod And James Turk
***Also Released: Alasdair Macleod – This Is Why London Gold Pool II Is On The Verge Of Blowing Up, Plus A Note From James Turk CLICK HERE.
***To hear Michael Oliver’s call for gold to hit new all-time highs click here or on the image below.
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