Transcription
Gold prices should be spiking now with this war going on. It's the number one safe haven asset, but it's going down for two reasons. Again, how they destroyed the global economy, Russia, Turkey, Mexico, countries selling gold because their debt levels are going up, their currencies are going down, and they got to cover their losses.
I think today may have been that that turn back up that we've completed the consolidation. And we should see a pretty fast run, over the next few months, three, four, five months with silver going from you know, the mid-70s here up to 180, and gold going from, you know, where it is now up to 6,800. Post bust, gold can get to 20,000, as I said, and silver can get to 1,000. I had thought 500 was going to be kind of a crazy number, and and after seeing what we've seen this year, I I had to raise it, and I think silver at 1 1,000 may sound crazy, but I think that's very doable for, you know, early next decade.
Gold and silver are moving through one of the most important moments in the entire macro cycle. Gerald Celente, a veteran trends forecaster known for connecting geopolitics, inflation, and public policy explains that gold should normally be rising strongly during war and financial instability because it remains the world's leading safe haven asset. But he argues that the short-term pressure is driven by forced selling as countries and investors liquidate gold to cover losses amid rising debt, weakening currencies, and falling equity markets. David Hunter, a long-time market strategist known for bold cycle forecasts, takes that same pressure and frames it as a temporary consolidation before another major upside move. His view is that gold and silver have already absorbed a large correction after a powerful run and the next phase could move very quickly. Hunter's current pre-bust targets are extremely aggressive, gold towards 6,800 and silver toward 180, potentially within the next few months if the turn has truly begun. That makes this setup especially important for metals investors.
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Again, it's a different time. It's a different time. You got that I started buying gold. By the way, one of my books, it's this is it back in the 1980s, trend tracking, far better than megatrends by magazine. I started buying gold when the Iran conflict started breaking out in the late 1970s. Right. Go look at look at look what interest rates were back then. Like 8, 10%, 12% in 1980. And then when Volcker came in, you wrapped them up higher. So interest rate, you know, what are they now? We're talking 3.5, 3.75. We're talking back then, before Volcker came, before Reagan won. By the way, I have a picture, you saw it, of me and Ronald Reagan when I was on a brunch with him, 16 valve board of directors. The the it was a whole different time. So now you're looking at interest rate again, I'm totally opposed to the the central bank, you know, thing made up by the clown Woodrow Wilson, you know, Federal Reserve, a bunch of banksters. You know, the guy that gave us World War I, the Federal Reserve, the federal income tax, may rot in hell. Oh, the IRS, I forgot about that. Again, the banksters. Hey, look what look what happened when the things crashed. We took out the domain name, The Panic of '08 in 2007. The Federal Reserve, as people losing their homes because the banksters, hey, you got no job? You're out of work? You're you're deep in debt? Don't worry about it. Sign over you got a subprime mortgage? Those slimeballs, Bard College, Levy Institute. $29 trillion to bail out the banksters. $29 trillion. So, going back, the interest rates now are nothing compared to what Buffett was saying back in Volcker to stop inflation. Oh, and why did inflation go to where it is? Let's go Tracking Trends is the understanding of where we are, how we got here, and where we're going. COVID war, remember that? Remember that one? Hey, get back in your house. Get back in your house. Don't worry about it. Here's free money. Hey, we're bringing interest rates down to zero, all right? Oh, the guy Powell, the power that he's pushing. Oh, there's no inflation. It's only temporary. Oh, that Powell? No, no, it's only transitory. That Powell? As inflation skyrocketing because they pumped in all this cheap money all over the world. Everybody forgets about why we have high inflation. They artificially propped up the markets as they destroyed the global economy. Get back in your house. Get back in your house. Get back in your house. Wait a minute. Stay 6 ft apart. The wind blows exactly in straight lines every 6 ft. The again going back to what he's saying about inflation and why he wants Volcker to bring down put up interest rates to slow down the economy. It's already slowed down for the average people. Hey, how much is how much how many hundreds of billions is Buffett worth? And not a penny, by the way, for peace. Any of these clown boys and girls, little billionaires. The gold. Gold and then silver. And and it's no question about it. And again, the only reason gold prices are going Gold prices should be spiking now with this war going on. It's the number one safe haven asset. But, it's going down for two reasons. Again, how they destroyed the global economy, Russia, Turkey, Mexico, countries selling gold because their debt levels are going up, their currencies are going down, and they got to cover their losses. And what everybody's forgetting is that the equity markets were going down before the before the Iran war began on February 28th because of AI wiping out starting to wipe out a number of software companies. Jobs, yeah. Yeah. And and so people were covering their losses because they were making a lot of dough on gold. They had to sell the gold to to cover their losses in the in the equity markets. People forget this. That Again, it's the number one safe haven asset and that's to me, and we don't give you financial advice, there's nothing better.
Yeah, so I have targets this year um for gold of 6,800. Um I had I've moved it up several times over the last couple of years. You know, I had a target of 3,000 a few years ago uh when it was down in the you know, 1,800 2,000 area. And then raised it to 3,400 and then 4,000 and 5,000 and then 5,500 and and in February after the sell-off uh in both gold and silver, I raised it to 6,800. And that's my current target for what I call a pre-bust target or it could spill into the bust, but basically it's my target for this year. Um and then for gold um on the other side of the bust in that big inflation cycle, I think gold can go to 20,000. And that would be in the early 2030s, you know, not 2030 but 2031 2 3 somewhere in there. Um my target on silver has been raised several times as well. I had a long-held target of 75 when silver was back in the 20s, you know, the even the teens. I said it can break out from the old highs of 50 or 48 and go to 75. I had that for several years. I raised that last year to a 100 and then 125. When silver went from 50 to 122, my target was 125. So, we had pretty much gotten to my target. And it was parabolic and I could have easily looked at that and said, "Well, that's it. You know, that was what I was looking for and we're there and that you know, parabolics usually end cycles." I did when it sold off and went down into the 60s basically down to mid-60s. I raised my target to 180. And that's where I am today on that. And again, that's a this year target. Could be there this summer, might spill into fall, but I think we're going to see it pretty fast. We've spent the last um few months, you know, really since that peak at 122 on silver and you know, at 5500 on on gold, we've spent the last few months kind of consolidating that big run. That was a huge run in both metals. And then the war hit. It might have come out of the consolidation much sooner, but the war hit. And it took another, you know, I didn't expect it at the time, but instead of uh what I thought had been a retest, it went to new lower lows. At least silver did and yeah, gold did too. Um and we've kind of been fooling around for the last month trying to figure out what direction to go. A lot of technicians and a lot of traders have taken the bait and and gotten bearish here and said it's going back silver's going back to the 50s and uh gold's going back under 4000. I did not. I kept saying I think you know, we're close to a bottom here. We're in it. We're in very near an inflection point. And I think today, pretty much assuming this isn't just going to be one-day news and then we go back the other way again, I think today may have been that that turn back up, that we've completed the consolidation. And we should see a pretty fast run, meaning over the next few months, three, four, five months, um with silver going from, you know, the mid-70s here up to 180 and gold going from, you know, where it is now, uh up to 6,800. Post-bust, gold can get to 20,000, as I said, and silver can get to 1,000. I had thought 500 was going to be kind of a crazy number and and after seeing what we've seen this year, I I had to raise it. And I think silver at 1 1,000 may sound crazy, but I think that's very doable for, you know, early next decade.
The deeper message is that this is not just a metal story. It is a story about inflation, central banks, war, debt, and the breakdown of confidence in paper assets. Celente argues that the inflation problem was created by years of cheap money, zero rate policy, stimulus, and artificial market support after the global economy was damaged. Hunter adds that the next phase may not be a straight line. He expects a powerful run first, but also warns that in a bust, almost every asset could be hit hard. Silver could fall sharply because it is highly cyclical, while gold could also correct before the next inflationary cycle begins, setting up a major reset.
Let's get back to the interview. Yeah, it's a great question, Charlotte. I I people keep asking me for a target in the bust and I go like, I got to see where it ends up first. I you know, I have 180 on silver. Uh Michael Oliver has a 300 or higher number on silver. So, I don't say anything's impossible today, just like you said. And so, I don't have a [clears throat] number in terms of a bust, but I do think the likelihood is that in the bust, all assets are going to get hit hard, except maybe treasuries. But, the you know, silver could fall 50, 60, 70% or a little more because it is so cyclical, and it will have come you know, will have been bid up so high. And gold, you know, less so, but it could still fall 30 or 40% maybe even a little more. And that's not obviously not so crazy anymore when you see what happened you know, after January. I mean, you know, we saw a 50% hit in silver very, you know, in days. And we saw gold go down 30% or more. So, so I think, you know, that makes sense to me that you will see 40, 50% gold and maybe that much and you know, 70 maybe more in silver. No guarantees. I mean, they could they could hold up better than that, but they're going to be hit hard one way or the other. And then coming out of the bust, that will that will you know, present a very big buying opportunity because if you can let's say my 180 is right and you go down you know, more than 50% you let's say get back to 70. You could go from 70 to 1,000 in in less than 10 years and certainly, you know, 5, 6, 7 years. Gold, let's say it gets back down from 6,800 back down to, you know, the 4,000 area, 4,500 area. It can go to 20,000 in that same 6 or 7 years or less. Um those are you know, those will be great opportunities. What we'll see next cycle, I think, is because of rising interest rates, sharply rising interest rates where they go double digit, um and because of, you know, inflation, the the indexes, the broad indexes like the S&P and the Dow and the Nasdaq, are going to be held back uh as PE mul- you know, the market multiple gets shrunk, PE multiples get shrunk uh because they're the inverse of interest rates, right? So, if rates go up, PE multiples tend to go down. You could You could be back in uh period where, you know, normal PE multiples are more like uh low double digits or single digits because inflation's, you know, really taking a toll. And [snorts] so, it's going to be it's going to be a cycle of commodities. As I said, copper can go up a lot, natural gas can go up a lot. I think even ag commodities could go up a lot in the next cycle. And so, those things will be able to outpace inflation. And [clears throat] and certainly the you know, the stocks connected to commodities like miners or oil stocks or oil service stocks, they're going to be able to outpace inflation so they can they their stocks can go up whereas, let's say, steady growers like, you know, the foods or or the drugs or uh you know, things like that, you know, consumer stocks in general, they're going to have a harder time cuz they're they're going to be facing cost pressures and they're not going to be able to produce earnings that can come anywhere close to what inflation's doing. And so, their stocks are going to at best tread water and probably go, you know, in many cases go down. So, they'll be underperformers. And again, for people um that are in indexes. I I like to recount the the fact that, you know, cuz I've been in this business 50 years plus, I remember when in the mid-80s the financial [clears throat] industry decided we're you know, we're looking at the rat going through the snake. The baby boomers are now reaching a point where they're going to start accumulating assets for retirement. You know, they've bought their houses, they've bought their furniture, and they've they've got excess money that they now are you know, starting to put into savings and and retirement savings. And so the financial industry knew that they had this new trend coming that was big. And they they moved to they said we got to figure out something that kind of we can't we got to get away from our kind of churn and burn type of approach to investing where you know, a broker dials dials you up and says I got a stock idea for you. And and they moved to the the idea that it's time in time in the market not timing the market. And that mantra has been around for 40 years. And for those that followed that, which is the majority I think of retail investors who index, they bought into that and they've made out like bandits because the S&P you know, had a great run. All the indexes have had great runs. And and you were much better off most of the time just buying and holding and let it go from cycle to cycle.
The most important prediction from David Hunter is what comes after the bust. He believes a major decline in risk assets could create one of the biggest buying opportunities in precious metals before the next inflation cycle begins. In that post bust environment, he sees gold eventually reaching $20,000 and silver reaching $1,000 sometime in the early 2030s. These numbers sound extreme, but Hunter explains that after seeing the scale of this year's moves, he had to raise earlier targets that once looked too aggressive. He also expects the next cycle to favor real assets over broad stock indexes. If interest rates rise sharply and inflation stays high, market multiples could shrink, putting pressure on traditional equities. Commodities like copper, natural gas, agriculture, gold, and silver could outperform while miners, oil stocks, and commodity-linked companies may become the real leaders. Consumer and steady growth stocks, however, could struggle with rising costs and weaker earnings power. For investors, the message is clear. Volatility may come first, but the long-term trend could still favor hard assets. The system may shake out weak hands before the strongest move arrives.
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