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War on Iran: "Kiss the Global Economy Goodbye"

Kitco News

(Kitco News) - If geopolitical tensions with Iran continue to escalate, we could be headed for a full scale war with catastrophic consequences on the economy, this according to Gerald Celente, Publisher of The Trends Journal.

“When all else fails, they’ll take you to war,” Celente said. “If things keep heating up, and the people in power keep needing pressure to change things and directions, for whatever mental derangement they have in their minds, this could blow up against Iran and Iran is not going to put up with being attacked.”

On gold, the yellow metal is just about to enter into a new bull rally cycle, Celente said.

“The next breakout point had to be $1,450. I believe when it breaks beyond that, it’s going to spike for the $2,000 mark,” Celente told Kitco News.

Celente attributes loose monetary policies around the world for this new rally.

“The whole world, every central bankster, you name the place, whether it’s Australia going into record low interest rates, the European Central Bank talking about now going into -0.5% rates, we just heard from the governor of the Bank of Japan saying more stimulus and more bond buying, so if you see what’s happening, they’re all lowering interest rates around the world to keep pumping more monetary Methadone, to keep that fake, addicted bull running,” he said.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.