GoldSeek Radio: Gerald Celente and Peter Schiff, and Chris Waltzek

Founder of the Trends Research Institute and Globalnomic® Trend Forecaster Gerald Celente returns with the economic forecast for the new year.
$1,200 is the floor for gold - once the bulls push the price over $1,450 the sea change in sentiment could ignite an ascent to a new record over $2,000.
Topping the list of catalysts that could move the PMs sector include a spike in oil price from a potential war in the Persian Gulf or the Ukraine.
2019 could see an economic 9/11 part II, not from the closely watched trade war, but instead from the risk of higher rates.
To stop an economic melt-up the US Fed is currently slated to ratchet up the overnight lending rate another quarter point at the 18th-19th FOMC meeting.
Although domestic home prices remain mostly firm, higher rates have put pressure on new home sales making housing less affordable.
Higher rates translates into "The end of cheap money," for borrowers and corporations, many of whom participated in costly share repurchases.
Our guest questions how long rates will remain elevated - global central banks could be forced to abruptly drop rates like 2008-2009.
While Gerald Celente notes the economic data suggests shares are overpriced, Stansburry Research is predicting a "Melt up" in US shares, where the Dow doubles to 50,000 and perhaps much further, mirroring the sentiments of The Forecaster, Martin Armstrong.

In part II of the discussion, Peter Schiff, head of SchiffGold, Euro Pacific Capital, and Euro Pacific Gold Fund (EPGFX) offers his latest insights.
Gold and related precious metals markets are building a base for the next big bull run, similar to palladium, projected by the host to surpass gold.
The guest advocates converting cryptocurrencies into discounted PMs to benefit from the new uptrend, as Crypto-geddon related losses extend into 2019.
A bottleneck in liquidity between buying / selling cryptocurrencies appears to be a key component of the 2017 bubble and the subsequent 2018 crash.
The blockchain concept shows great promise to revolutionize virtually every area of commerce, education, and government.
Peter Schiff outlines concerns that the magnitude of the 2017 top and decline imparted irreparable damage to the typical HODLer.
The sea change in investor sentiment might suppress price until the last holder tosses in the proverbial towel.
Still the tenacious Bitcoin refuses to disappear, especially in Japan where it is nationally recognized as a currency and used regularly in retail transactions.
Similar to the Dot.com fallout from 2000-2003, the weaker cryptos will evaporate clearing the forest for new growth and innovative technologies such as Ethereum, a currency with numerous use cases.

Peter Schiff

Schiff Gold

Peter Schiff President & Chief Global Strategist
Peter is one of the few investment advisors to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts of the mortgage meltdown, credit crunch, and decoupling of commodities, precious metals, and foreign markets from the U.S. Dollar, he has become a sought-after economic commentator on a range of investment topics. Peter delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street Journal, New York Times, L.A. Times, Barron’s, BusinessWeek, Time and Fortune. His broadcast credits include regular guest appearances on CNBC, Fox Business, CNN, MSNBC, and Fox News Channel, as well as hosting a weekly radio show. As an author, he has written four best-selling books, including his latest: " Crash Proof 2.0: How to Profit from the Economic Collapse" and "How an Economy Grows and Why It Crashes."

Schiff Gold: click here.

Gerald Celente

Trends Research Institute

The Martial Artist of Trend Forecasting —The purpose of trend forecasting is to provide insights and directions in anticipation of what the future may bring – and to be prepared for the unexpected.

Gerald Celente, a Close Combat practitioner and black belt trainer, well understands the importance of proacting rather than reacting: "The first rule of Close Combat is to attack the attacker. Action is faster than reaction. The same holds true for the future. You know the future is coming … attack it before it attacks you."

Founder of The Trends Research Institute in 1980, Gerald Celente is a pioneer trend strategist. He is author of the national bestseller Trends 2000 and Trend Tracking (Warner Books) – "Far better than Megatrends," and publisher of the internationally circulated Trends Journal newsletter.

Political Atheist — Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is "think for yourself," observes and analyzes the current events forming future trends for what they are – not for the way he wants them to be.

Like a doctor giving a diagnosis after gathering the facts, whether or not you like the prognosis doesn’t alter the outcome, make him an optimist or pessimist – it’s simply what is. And while Celente holds a US passport, he considers himself a citizen of the world.

Globalnomic® Trend Forecaster — Using his unique perspectives on current events forming future trends, Gerald Celente developed the Globalnomic® methodology which is used to identify, track, forecast and manage trends.

The world's only trends analyst covering 300 diversified trends fields, Gerald Celente and the Trends Research Institute provide trend research studies and consulting services to businesses and governments worldwide. Celente also designed the nation’s first professional course in trend forecasting.

The proof is in his past — Gerald Celente has earned his reputation as "The most trusted name in trends" by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends. Among them:
Celente coined the term "clean foods" in 1993 and predicted sustained growth in organic products in 1988.

When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the "Gold Bull Run." Since that time, with pinpoint accuracy, he said when, why - and how high - gold would go. *youtube.com recording.

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