Gerald Celente Ph.D., Bob Hoye, Chris Waltzek Ph.D. & Robert Ian - December 14th, 2018 - Goldseek.com Radio. A Spina-Waltzek Production-©2005-2018 http://radio.goldseek.com/ Royalty free music from Google Play. Disclaimer: this show is presented as

Summary: Dec. 14th, 2018(S13-E674)Featured GuestsGerald Celente& Peter SchiffPlease Listen HereShow HighlightsFounder 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.Subscription Options                                           Monthly : $29.89                                            USD - monthly                                           Annual : $142.85                                            USD - yearly                                           5 year : $487.00