Saturday, October 28, 2017

Gerald Celente Predicts The End of The Petro Dollar in 2018

 There is still some optimism in the gold market among some analysts despite the threat of further weakness in the near term as the U.S. dollar has broken out of a more than three-month range. Gold is preparing to end its second week in negative territory; however, analysts note some resilience in the marketplace as prices have managed to hold above the lows seen three weeks ago. December gold futures last traded at $1,272.40 an ounce, down less than 1% from the previous week. Silver prices are also ending its second week in negative territory. December silver futures last traded at $16.745 an ounce, down almost 2% since last Friday. “I think $1,260 an ounce represents a major support level in gold and while we could see price dip below, I think it will be difficult to see a close below this level,” said Bill Baruch, president of Blue Line Futures. Baruch added that he is optimistic on gold because a lot of negative sentiment, like an improving economy and higher interest rates, are already priced into the market. “Ultimately, if you are a gold seller, you have already sold so I expect that any dip below $1,260 an ounce will be bought,” he said. Ole Hansen, head of commodity Strategy at Saxo Bank, said in a recent interview with Kitco News that he remains bullish as long as prices remain above the October lows. He added that he would shift to a bearish stance if prices pushed below $1,250 an ounce. According to analysts, the main hurdle for gold remains the U.S. dollar, with the dollar index ending the week at its highest level in more than four months. However, Baruch added that he could see U.S. dollar momentum hit a brick wall at 96. USD Sees Best Week This Year However, other analysts aren’t as optimistic that gold can rally as U.S. dollar momentum fades. Chris Vecchio, senior currency strategist at noted that the U.S. dollar index is seeing its best gains this week so far this year. He added that the latest report on U.S. gross domestic product, which showed 3% growth in the third quarter, shows improvement in the U.S. economy, which supports more monetary-policy tightening from the Federal Reserve, ultimately pushing bond yields higher along with the U.S. dollar. He added that there is room for the U.S. dollar to rally another 3%. “The Two-year yield is at its highest level since 2008, the 10-year yield is at its highest point since March. As U.S. interest-rate potential picks up, it is going to reduce gold’s favor,” he said. “If the U.S. dollar is moving up and yields are moving up, then there is no real reason to hold gold.” Jasper Lawler, head of research at the London Capital Group, said that he is also looking for lower gold prices in the near term; however, he added that any drop could be seen as a buying opportunity as investors could need safe-haven assets. He added that he is bearish on the precious metal since the price hasn’t been able to hold $1,300 an ounce. “It looks like the lows are going to be taken out,” he said. “We could go pretty swiftly to $1,200.” gold silver usd dollar "u.s. dollar" dollars currency forex "forex trading" oil "oil price" commodity debt credit loan "gold price" "sell gold" "buy gold" exports import gas "natural gas" "fine gold" "gold coin" partnership agreement 2018 "new year" cash savings "bank account" deal deals yuan economy jobs employment banking "stock market" markets "interest rate" APR wealth wealthy However, when looking long term, he said that there is still a fundamental reason investors should hold some gold in their portfolio. “The [stock] market is so stretched and when it corrects and panic sets in, people will want gold in their back pocket,” he said. Goldman Sachs said that when it comes to being assessed on the majority of the key characteristics of money, there’s no competition — gold wins out over cryptocurrencies. “Precious metals remain a relevant asset class in modern portfolios, despite their lack of yield,” analysts including Jeffrey Currie and Michael Hinds wrote. “They are neither a historic accident or a relic.” Looking at properties such as durability and intrinsic value, precious metals are still relevant even with new materials being discovered and new assets emerging, such as bitcoin and other blockchain-based cryptocurrencies, they said. In addition, gold is better at holding its purchasing power and has a much lower daily volatility, while bitcoin/dollar volatility has averaged almost seven times that of gold in 2017, the bank said.

The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

No comments:

Post a Comment

Blog Archive

“Control oil and you control nations; control food and you control the people.” Henry Kissinger

once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?


“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux

“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924

Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money

Taxation is legalized Theft

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan

"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich

There is NO political answer to a spiritual problem!
Steve Quayle

litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
Peter Brimelow

When People lose everything and have nothing left to lose , They Lose It !


Your Greatest Teacher is Your Last Mistake

The one who Controls the Education System , Controls Perception

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left

No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please

Freedom is not Free

Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff

You can love your Country and not your Government

Jesse Ventura

" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan

"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato

The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki

"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki

"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN