Gerald Celente, Founder/Director of the Trends Research Institute, believes gold reached its bottom with its performance in 2022. “I would say $1,800 is a pretty good bottom for gold. $1,800 or $1,750 absolutely…this could be the year when gold really takes off to a much higher extent, well over $2,000. It can even go into the $2,500 levels.” He also claims that there will be a “market meltdown” this year and suggests that the U.S. government would use war to distract its citizens from the harsh economic reality. Unilever CEO Alan Jope is warning of the possibility of persistently high prices in the near future even if inflation levels out, adding that soaring costs have not yet reached their peak.
Kitco News/Cornelius Christian
The bottom is in for gold – World War 3 is already here & a global economic collapse will pave way for CBDCs – Gerald Celente
Despite its stagnant performance in 2022, the bottom for gold is in, according to Gerald Celente, Publisher of The Trends Journal, whose 40-year forecasting record includes correctly predicting the 1987 stock market crash, the DotCom bubble, and high inflation in 2022.
“I would say $1,800 is a pretty good bottom for gold,” he told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. “$1,800 or $1,750 absolutely… this could be the year when gold really takes off to a much higher extent, well over $2,000. It can even go into the $2,500 levels.”
Gold is up 4.4 percent year-to-date, and is currently trading near $1,910 per ounce.
You can read the full story, here.
Prices Will Keep Rising Despite ‘Peak Inflation’ Chatter, Warns Unilever CEO
Unilever CEO Alan Jope has warned of the possibility of persistently high prices in the near future even if inflation levels out, adding that soaring costs have not yet reached their peak.
Jope made the comments while speaking to CNBC at the World Economic Forum in Davos, Switzerland, on Jan. 17, where the businessman was asked if he sees inflation or prices moderating in the near future.
“We know for sure there’s more inflationary pressure coming through in our input costs,” he said of Unilver.
“We might be, at the moment, around peak inflation, but probably not peak prices,” he said.
Continue reading Craig’s full prediction, here.
Fox Business/Ernie Sadashige
Brutal year for bitcoin and almost $3B in crypto hacks marked 2022: report
Cryptocurrency trading slowed significantly in 2022 and may not recover fully this year, according to the world’s largest independent crypto data aggregator.
CoinGecko’s 2022 annual crypto industry report shows daily average crypto trading volume decreased steadily quarter-on-quarter, from around $100 billion in the first half of 2022, to $90 billion in the third quarter and $60 billion in the fourth quarter.
“Dwindling volumes are a sign that investors are withdrawing further from the market or leaving it entirely through centralized exchange (CEX) off-ramps,” CoinGecko told FOX Business in a statement.
Spot trading volume across the top 10 crypto exchanges sank 67.3% in December to $0.46 trillion, the lowest of the year in the aftermath of FTX’s November collapse.
You can read the full article here, here.