CELENTE: Gold prices should be spiking, AI bust looming, Iran War escalates
Gerald Celente talks about AI stocks losing momentum and energy prices surging, the geopolitical crisis in the Middle East continues to escalate, driving fears of a broader Iran war. Meanwhile, military spending is soaring worldwide while economies struggle under mounting debt, inflation, and slowing growth.
[01:06] Equity Markets & Tech Stock Slump: Celente discusses the drop in the S&P, NASDAQ, and Dow, with a specific focus on semiconductor and AI stocks sliding (including Broadcom, AMD, Micron, and Taiwan Semiconductor) and warns of an "AI dot-com bust 2.0."
[03:09] Gas Prices & Economic Promises: A look at current gas prices, inflation, and a harsh critique of political promises regarding energy costs and foreign wars.
[05:18] Precious Metals & Energy Pressures: Analysis of unexpected drops in gold and silver prices alongside skyrocketing global energy prices, which Celente attributes to the ongoing Iran war and global debt.
[08:05] China's Auto Industry Surge: Discussion on China exceeding one million monthly car exports and how Western automakers (Ford, GM, Volkswagen, BMW) are struggling to compete.
[13:46] Global Conflicts & US Aid: Intense commentary on the ongoing wars, the devastation in Gaza, and frustration over the US House defeating a bid to cut off aid to Israel.
[17:15] US-Iran Tensions: Updates on the US reimposing a naval blockade and ongoing strikes in Iran, alongside reports of heavy civilian casualties.
[22:33] Record Low Confidence in Institutions: Celente breaks down a recent Gallup poll showing historic lows in public trust toward US institutions, including Congress (9%), the presidency (27%), the Supreme Court (27%), and traditional news media.
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