Celente Says Fade The Decline In Gold, It’s Headed Back To $1,450

Wednesday, October 10, 2018
By Paul Martin

KingWorldNews.com
October 10, 2018

Today the top trends forecaster in the world told investors to fade the decline in gold because the gold price is headed back to $1,450.

Gold’s Down, But Not Out. Here’s Why
October 10 (King World News) – Gerald Celente: Gold’s down some 13 percent this year and on Monday dropped sharply for the same reason we have been long forecasting: The higher U.S interest rise, the lower gold goes.

It’s a simple equation. The higher rates increase, they boost the dollar and push up U.S. Treasury yields, making gold a less attractive investment since it does not bear interest. And with the benchmark 10-year U.S. Treasury note at 3.23 percent, its highest level in 7 years, more money is going into viable alternatives, such as risk-free Treasury bonds…

The rest…HERE

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