As we approach the end of the first week of trading trading in June, today the top trends forecaster in the world, Gerald Celente, discussed the gold bull run, the World Bank, the Fed, China, Morgan Stanley, the global economy and more.
KINGSTON, NY, 6 JUNE 2019—Back in 2005, when gold was $421 per ounce, we alerted Trends Journal subscribers to get ready to ride the “Golden Bull: Once gold breaks past the magic $500 per ounce mark… it will push gold beyond the 1980’s high of $885 per ounce."
On target, gold had a steady rise, peaking at $1,917 per ounce in 2011. Subsequently, when prices slumped to the mid $1,000 per ounce range in 2015, we had accurately forecast that prices bottomed out and that the next “Gold Bull Run” would begin when gold breaks above $1,450 per ounce.
Considering 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 — that breakout point is on the near horizon.