Gerald Celente – The Last Great Opportunity To Buy Gold & Silver

回調是買貨的好時機, 因為長線睇升 !

kingworldnews.com

Today top trends forecaster Gerald Celente spoke with King World News about the action in gold and silver and what KWN readers around the world should expect next.

(King World News) Gerald Celente:  “$10.7 trillion of negative yields — that is what is driving the gold market, along with the turmoil in the currency markets. The British pound just plunged over 20 percent in a matter of days. So these are the catalysts for the bid in the gold market…

Gerald Celente continues:  “ But when you add in the fact that people are becoming increasingly terrified of holding money in banks in Italy and Germany, in particular Deutsche Bank, this is simply turbocharging physical gold and silver demand.  Eric, the Stoxx Europe 600 Bank Index has collapsed 35 percent this year.  20 of the largest global banks have lost a staggering half a trillion dollars of value in just the first six months of this year.

Now they are raising margins once again on the Comex in a desperate attempt to halt the flow of money into the paper gold and silver markets.  With the margin increase on the Comex and the fact that we have Friday’s Jobs release in the United States tomorrow morning, KWN readers around the world should be aware that jobs release will definitely move the gold and silver markets and it could be either to upside or downside.

Buckle Up And Look At What China Is Doing
 
But regardless of the short-term noise in the gold and silver markets, people need to buckle up and hold on because this is going to be a long and bumpy ride on the upside for many years to come in the gold and silver markets.

For what it’s worth, China is one of the only governments on the planet looking out for their citizens because they know what is coming and they keep urging their citizens to buy gold to protect themselves from the currency devaluations.  China just devalued the yuan once again and they want their citizens protected from the monetary madness.

The Last Great Opportunity To Buy Gold
 
In closing, I also believe that the next significant pullback in gold will be the last great opportunity to buy gold on the cheap.  People reading your site should just buy physical gold and silver on pullbacks and keep an eye on the big picture.  The next pullback will ready the gold market for the longer and stronger surge that will be violent on the upside.”