RERUN: A Market Crash On The Scale Of 2008 Is Looming; Buy Safe Havens

Equity markets are overvalued and overleveraged, and a crash on the scale of the last recession could be on the horizon, said Gerald Celente, publisher of the Trends Journal.
Celente told Kitco News that one possible trigger for such a crash could be an escalating war in the Middle East. “If we have a war that involves Iran, kiss the markets goodbye,” he said.Celente added that in such a scenario, oil prices could spike to $150 a barrel.
On economic growth, the economic forecaster said that growth in the U.S., particularly when it comes to retail sales, is not as strong as it could be.
Celente said that given the myriad of risks for investors, now would be an ideal time to buy gold.
“I believe that there is no greater safe haven right now than gold,” he said. (show less)

Equity markets are overvalued and overleveraged, and a crash on the scale of the last recession could be on the horizon, said Gerald Celente, publisher of the Trends Journal.
Celente told Kitco News that one possible trigger for such a crash could be an escalating war in the Middle East. “If we have a war that involves Iran, kiss the markets goodbye,” he said.Celente added that in such a scenario, oil prices could spike to $150 a barrel.
On economic ... (read more)

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The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.

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