Celente - Increased Worldwide Danger To Rock Gold Market

"...“Look at where crude oil prices are now trading as we speak.  We have seen prices decline in the crude oil markets because demand is down.  So we have oil prices going down while the Middle East heats up?  This is not what usually happens.

But look at one of Turk’s charts below:

 

Yes, there is a dramatic falloff in retail sales by gasoline refiners in the United States.  There is something else that is interesting going on here.  It’s not only that millenials aren’t buying homes, but they can’t afford to buy automobiles either.  This is all part of a bigger symptom of job losses and a significant decline in real wages.  People just don’t have money to drive the way they used to.

As David Stockman recently pointed out, the United States has lost 18,000 jobs each month that pay $50,000 or more since the year 2000.  That’s well over 3,000,000 high paying jobs that have been lost.  So the trend is down and it’s showing up in virtually every statistic you look at.”

Eric King:  “Gerald, we also have the U.S. Dollar Index hitting a new recent high above 85.  This has also been accompanied by continued pressure on gold and silver as they near the end of their brutal bear market.”

Celente:  “The dollar is strengthening because interest rates are anticipated to rise.  This move is temporary because this has been an interest rate recovery.  So this is all leading to another stimulus plan from the Fed because low interest rates are the only thing that has kept the U.S. economy on life support.

When the Fed comes out with the new stimulus program, that’s when you are going to see gold prices rise and go into the next phase of the gold bull run.  Gold prices will then go much higher than when they peaked back in September of 2011 at $1,921.

And let’s not forget that gold has held a special status in all of recorded human history.  Now the world is facing a period of accelerating geopolitical strife.  Gold is the ultimate safe haven in times of war.  Should geopolitical tensions escalate, the price of gold will soar and gold will again be cherished for the safe haven it is.

Right now the U.S. has just invaded Syria.  This is all part of a greater trend toward increased geopolitical tensions.  If this spins out of control in the Middle East and the geopolitical tensions spread across the globe, the price of gold will turn around overnight.  The repricing of gold will be dramatic and it will take the world by surprise if increased tensions lead to even more conflict.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/9/24_Celente_-_Increased_Worldwide_Danger_To_Rock_Gold_Market.html