Just because the stock market is near all-time highs doesn’t mean there is no risk from a black swan. Trends researcher Gerald Celente says, “I want to tell everyone what our major signal that we are watching closely that is going to determine where the markets are going. It’s the signal. It’s a signal that you will know whether to bail out or stay in, and that’s gold prices. With all of this volatility going on, gold prices have not moved much. They are still stuck in the $1,300 to $1,350 (per ounce) range. Even on Friday, with all the volatility, gold only moved up a couple of bucks. That is the indicator to watch, and here is our forecast. Gold has to break above $1,385 per ounce. It has been unable to get near there. . . . The next big number will be $1,450. When it solidifies over that, we forecast a jump to the $2,000 range. Gold is the ultimate safe haven asset. It has not been acting like that during this market shift.”
On the recent poll where 77% of people thought the MSM was putting out so-called “Fake News,” Celente says, “It’s not only “Fake News, it’s junk news, and that is why people are tuning out.” Expect the trend to continue.
Join Greg Hunter as he goes One-on-One with Gerald Celente, Publisher of The Trends Journal.”