Gold Fell Despite War. Here’s Why He’s Still Bullish | Gerald Celente
Gold Fell Despite War. Here’s Why He’s Still Bullish | Gerald Celente
Gerald Celente has been forecasting for forty years. On Friday he said gold should be doing the exact opposite, and that he never would have forecast this. The Trends Journal publisher read Friday’s tape out loud, and it was a bad one. Alphabet posted its worst day on record, chip stocks bled, the Korean market fell hard, and Amazon showed negative cash flow while promising two hundred and twenty billion dollars in capital spending for the year. He had called this unwind a dot-com bust before the selling started, and he thinks what is happening to AI shares is now happening in every major market at once. Then the part that puzzles him. Gold took a big hit in the same session, silver with it, while Brent crude traded near a hundred and seventeen dollars against roughly seventy before the war. He says that split makes no sense, that gold and silver are where people go when reality hits the street, and that he is still bullish on both. He also covers US debt at one hundred percent of GDP, Europe’s gas price shock, the office and banking bust he sees coming, and the cost of living protests spreading across Europe. The evaluation at the end checks his numbers, corrects two of them, and gives the explanation he does not give for why gold fell.
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