CELENTE: Crash Coming, It's All Over by October
Gerald Celente, who accurately forecast the 2008 recession, says more pain is on the way
Gerald Celente, the publisher of The Trends Journal, said in December that the markets were going to go up in value because the benchmark S&P 500 went up 16 percent after the midterm elections over the past 60 years — it’s fixed in there.
The S&P is up 14.97 percent on the year, but Celente said it’s coming to an end. And we’re forecasting that the end is going to come when they [the Federal Reserve] starts to lower interest rates.
“And they’re going to start lowering interest rates at the run-up to the Presidential Reality Show. Gold prices are down because interest rates are high.