As the price of gold surges near the $1,450 level, a major gold alert was just issued by Gerald Celente.
Major Gold Alert
July 18 (King World News) – Gerald Celente: Some six weeks after Gerald Celente’s Trend Alert® of the “Gold Bull Run,” yesterday’s big business media news was that Ray Dalio, founder of the world’s largest hedge fund, said gold will be a top investment.
Moreover, in making his case for a “paradigm shift” in investing in gold, Dalio singled out what Celente has been forecasting for years: As economies slow, central banks will increase monetary methadone injections in hopes of keeping the cheap-money addicted bull markets running while their currencies devalue.
In his LinkedIn post, Dalio noted that investors are essentially overweight in stocks and other assets which would likely face diminishing returns. “I think these are unlikely to be good real returning investments and that those that will most likely do best will be those that do well when the value of money is being depreciated and domestic and international conflicts are significant, such as gold,” the Bridgewater Associates kingpin said.
“Additionally, for reasons I will explain in the near future, Dalio wrote, most investors are underweighted in such assets, meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset. For this reason, I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio. I will soon send out an explanation of why I believe that gold is an effective portfolio diversifier.”…
To listen to Doug Casey’s just-released KWN interview discussing his prediction of financial and economic chaos and a panic into gold CLICK HERE OR BELOW:
GOING FOR THE GOLD
For years, Gerald Celente, in scores of Trend Alerts, on his Trends In The News and TREND VISION 2020 broadcasts, and media appearances worldwide, has precisely forecast the Globalnomic® indicators that would first ignite a steady rise in gold prices and then trigger explosive growth.
Most recently, in his 6 June Trend Alert, when gold was $1,332 per ounce, Celente forecast that a series of converging trend lines, including “weakening economic fundamentals and how central banks will address them — from Australia cutting interest rates to new lows, to China inventing money pumping schemes to artificially inflate falling equities and its sagging economies with cheap money” — would ignite the next Gold Bull Run.
AND THEN THERE’S THE DEBT BOMB
Global debt exploded by $3 trillion in the first quarter of 2019 to reach $246.5 trillion. This sharp increase has brought global debt to 320 percent of the world’s Gross Domestic Product.
And converging with economic and market trends lines are American war drums loudly beating against Iran and Venezuela. At stake, in addition to the potential of massive loss of life and property, is the price of oil.
Should the conflict escalate, and oil prices spike above the $100 per barrel mark, it will crash both equity markets and economies worldwide.
GOLD TREND FORECAST:
More monetary central bank stimulus, more economic indicators reflecting sustained downward growth worldwide, diminished currency values and rising prospects for war are the ingredients for gold to shine. We maintain our six-year forecast, that once gold, now hovering around $1,445, sustains value above $1,450 per ounce it will move to $2,000 plus range.
Another Gold Bullish Catalyst
READ THIS NEXT! Another Bullish Gold Catalyst, Economic Downturn Getting Worse, Plus It’s Not Just Sovereign Bonds That Have Negative Yields CLICK HERE TO READ
More articles to follow…
In the meantime, other important releases…
ALERT: This May Send The Price Of Gold Above $1,900 CLICK HERE TO READ
GOLD LIFTOFF: Portions Of Ray Dalio’s Fantastic Piece That Ignited The Gold Market CLICK HERE TO READ
Major Silver Breakout Unfolding…Similar Breakouts Saw Silver Soar A Staggering 66% To 975% CLICK HERE TO READ
CONTRARIAN ALERT: Only 1% Of People Think This Bullish Gold Catalyst Will Trigger CLICK HERE TO READ
Is The Price Of Silver About To Skyrocket? Plus “All Hell Is Going To Break Loose” CLICK HERE TO READ
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