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Pure Silver Replica of a 12 Gauge Shotgun Shell. Gerald Celente: Fed May Bring Down the #Economy, Crash Markets. Gerald Celente: Fed May Bring Down the Economy, Crash Markets. Coming up the one and only Gerald Celente joins me for another explosive interview on the state of the markets. Gerald tells us why he’s not only focused on the dollar but also oil and explains what is likely to happen if the Fed continues to hike interest rates. Don’t miss my conversation with the top trends forecaster in the world, Gerald Celente, coming up after this week’s market update.
Precious metals finally put together an across the board rally this week, led by platinum and palladium. The palladium market is surging 7.0% this week to a 7-month high at $1,054 per ounce. Platinum, meanwhile is putting together a 4.0% weekly advance – though prices still remain deeply depressed on a long-term basis at $831. The platinum group metals are getting a boost due in large part to Chinese stockpiling.
Turning to gold, the yellow metal currently trades at $1,201 after staging a weekly advance of 0.5%. Even so, the Mint has already sold about 2 million Silver Eagles so far this month.