Celente: A World On The Edge Of Chaos As Gold, China, France, Bitcoin & The Middle East May Erupt
KingWorldNews.com
February 08, 2017
With the price of gold surging above $1,240 level, the top trends forecaster in the world, Gerald Celente, discussed a world on the edge of chaos as gold, China, France, Bitcoin and the Middle East may be set to erupt.
Watch Gold, China, France, Bitcoin & The Middle East In 2017
(King World News) Gerald Celente — Yesterday, Bitcoin spiked more than 2 percent, hitting its highest price since January 4. Today, gold hit a three-month peak, pushing prices up 7 percent this year.
And although equity markets continue to trade near all-time highs in the US, bitcoin and gold prices also have moved higher. Are bitcoin and gold’s steady rise signaling the onset of the market storm? Or is a greater trend taking shape?…
This is unlike the old days when strong equity markets, a strong dollar and strong economic growth would push gold prices lower. In the new world geopolitical and economic order, we forecast that gold and the relatively new alternative currency, bitcoin, will rise despite positive market conditions.
As for bitcoin, yesterday’s jump was largely attributed to the news that China’s foreign-exchange reserves continued to shrink. They fell for the seventh consecutive month, down $12.3 billion, sinking below the psychologically key $3 trillion level.
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