(Kitco News) - Gold is just about to enter into a new bull rally cycle, said Gerald Celente, Publisher of The Trends Journal.
"The next breakout point had to be $1,450. I believe when it breaks beyond that, it's going to spike for the $2,000 mark," Celente told Kitco News.
Celente attributes loose monetary policies around the world for this new rally.
"The whole world, every central bankster, you name the place, whether it's Australia going into record low interest rates, the European Central Bank talking about now going into -0.5% rates, we just heard from the governor of the Bank of Japan saying more stimulus and more bond buying, so if you see what's happening, they're all lowering interest rates around the world to keep pumping more monetary Methadone, to keep that fake, addicted bull running,"
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This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.