HUGE NEWS From CHINA! Gold & Silver Will Instantly EXPLODE When This Goes Public - Gerald Celente
HUGE NEWS From CHINA! Gold & Silver Will Instantly EXPLODE When This Goes Public - Gerald Celent
Gerald Celente, an American trend forecaster and publisher of the Trends Journal, sheds light on the dynamics influencing gold's trajectory, particularly during election years. He notes heightened uncertainty and market volatility during such periods tend to drive investors towards safe-haven assets like gold.
Despite facing headwinds that would typically restrain its ascent, gold has embarked on a record-setting rally this year, puzzling market observers. Celente attributes this surge to several factors, including expectations of lowered interest rates to stimulate economic growth. Traditionally, lower interest rates diminish the dollar's value, rendering gold a more appealing alternative store of value.
However, Chair Jerome Powell's recent remarks, suggesting a longer timeline for rate cuts than anticipated, have tempered expectations, raising concerns about the possibility of no cuts. Furthermore, escalating geopolitical tensions, particularly in the Middle East, have bolstered demand for gold as a safe-haven asset.
Celente highlights China's significant role in the gold market, noting its increased gold purchases driven by individual retail demand and central bank acquisitions. This trend reflects a lack of confidence in other assets and currencies amid ongoing market turmoil.
China's enduring cultural affinity for gold and economic uncertainties impacting local property and stock markets have revitalized interest in the precious metal. Notably, consumers and institutional investors in China have been actively acquiring physical bullion, while the People's Bank of China has steadily increased its gold reserves over the past 17 months.
Celente underscores the escalating situation in the Middle East, characterized by ongoing violence, instability, and perceived injustices against Palestinians. The geopolitical landscape remains fraught with tensions, with little indication of immediate resolution. Makdisi echoes concerns, emphasizing that long-lasting stability in the region seems elusive without addressing the broader Palestinian issue and advocating for equal rights.
Celente suggests that the conflict may persist and escalate further, driven by the actions of individuals in positions of power whom he describes as "demonic."
Additionally, Fleur Wouterse, deputy director of the emergencies office within the UN’s Food and Agricultural Organization, highlights the dire humanitarian situation in the region. She notes a marked deterioration in crucial contexts of food crises, such as Sudan and the Gaza Strip. Last year, approximately 700,000 people, including 600,000 in Gaza, were on the brink of starvation, a figure that has since increased to 1.1 million in the war-ridden Palestinian territory.
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