The
host
views
Bitcoin
as
a
gold
rush,
circa
the
1995
Dot.com
days
with
the
next
target
after
a
correction,
$10,000
per
coin.
The
guest
views
the
current
3
fold
increase
in
Bitcoin
as
the
ultimate
top.
An
early
Bitcoin
competitor,
LiteCoin
blasted
higher
overnight,
on
news
that
investors
in
China
/
Singapore
would
have
access
to
LiteCoin
via
CoinBase.
Unlike
the
commodities
market
/
dot.com
shares
bubble,
the
PTB
have
virtually
zero
means
to
cap
the
crypto
space
via
naked
short-selling.
Cryptocurrencies
could
represent
the
greatest
bubble
of
financial
history
with
Bitcoin
the
Google-like
model
of
a
new
digital
revolution.
Head
of
the
Trends
Research
Institute,
Gerald
Celente
returns
with
grave
concerns
for
the
US
middle
class
and
the
wealth
gap.
Tens
of
millions
live
below
the
poverty
line,
102
able
bodied
citizens
are
out
of
work
while
a
tiny
fraction
own
half
the
world's
wealth.
Corporate
takeovers
oftentimes
lead
to
large
downsizing
/
job
cuts,
as
management
seeks
to
streamline
operations.
Gerald
Celente
expects
the
trend
to
persist,
leading
to
greater
employment
risk.
Thanks
in
no
small
part
to
Midwest
fracking
operations,
the
US
is
expected
to
eclipse
Russia
in
gas
/
oil
production,
a
in
turn
boosting
domestic
employment.
Record
oil
reserves
and
operating
oil
rigs,
have
put
the
price
of
WTIC
under
pressure
-
but
once
the
glut
passes,
$75-$100
per
barrel
could
unfold.
Due
to
weak
domestic
GDP
figures,
Celente
and
the
host
concur
that
the
odds
of
a
second
rate
hike
this
year
are
slim.
With
geopolitical
risks
ratcheting
up,
e.g.
war
in
Syria,
and
potentially
in
Iran,
gold
remains
the
ultimate
safe-haven
investment
asset.
Downside
risk
is
merely
$1,100,
while
a
solid
break
above
$1,300-$1,400
could
springboard
bullion
to
the
former
bull
market
peak
of
$2,000+.
Adding
to
the
positive
gold
story,
the
recent
equities
bonanza
has
diverted
attention
away
from
the
thermonuclear
bomb
blast
shelter.
Investors
are
advised
to
procure
precious
metals
insurance
and
avoid
the
mainstream
propaganda;
MacCarthy-like,
Russo-phobia.
Much
of
the
recent
Bitcoin
price
explosion
is
directly
tied
to
the
decision
by
officials
in
Japan
to
facilitate
the
cryptocurrency
as
legal
tender,
providing
a
relatively
free
/
anonymous
alternative
for
financial
transactions.
Please
Listen
Here
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Real
Audio
MP3
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Quality
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formats,
please
visit
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FAQ.
Guest
Biographies
Bob
Hoye
Institutional
Investors
With
a
degree
in
geophysics
and
a
number
of
fascinating
summers
in
mining
exploration,
one
winter
in
"the
bush"
quickly
led
Bob
into
the
financial
markets.
This
included
experience
on
the
trading
desk
and
in
the
research
department
of
a
large
investment
dealer,
which
led
to
institutional
stock
and
bond
sales.
Bob's
review
of
financial
history
provided
the
forecasting
models
designed
to
anticipate
significant
trend
reversals
in
the
sometimes
alarming
volatility
typical
of
the
transition
from
rampant
speculation
in
tangible
assets
to
fabulous
speculation
in
financial
assets.
In
anticipation
of
the
latter
opportunity,
a
monthly
publication
for
financial
institutions
was
started
in
January
1982.
This
competently
covered
the
stock
market,
the
yield
curve,
credit
spreads
as
well
as
metal
and
energy
prices.
In
1998
the
Institutional
Advisors
website
was
started
as
a
forum
for
unique
and
reliable
financial
research.
The
Martial
Artist
of
Trend
Forecasting
—The
purpose
of
trend
forecasting
is
to
provide
insights
and
directions
in
anticipation
of
what
the
future
may
bring
–
and
to
be
prepared
for
the
unexpected.
Gerald
Celente,
a
Close
Combat
practitioner
and
black
belt
trainer,
well
understands
the
importance
of
proacting
rather
than
reacting:
"The
first
rule
of
Close
Combat
is
to
attack
the
attacker.
Action
is
faster
than
reaction.
The
same
holds
true
for
the
future.
You
know
the
future
is
coming
…
attack
it
before
it
attacks
you."
Founder
of
The
Trends
Research
Institute
in
1980,
Gerald
Celente
is
a
pioneer
trend
strategist.
He
is
author
of
the
national
bestseller
Trends
2000
and
Trend
Tracking
(Warner
Books)
–
"Far
better
than
Megatrends,"
and
publisher
of
the
internationally
circulated
Trends
Journal
newsletter.
Political
Atheist
—
Gerald
Celente
is
a
political
atheist.
Unencumbered
by
political
dogma,
rigid
ideology
or
conventional
wisdom,
Celente,
whose
motto
is
"think
for
yourself,"
observes
and
analyzes
the
current
events
forming
future
trends
for
what
they
are
–
not
for
the
way
he
wants
them
to
be.
Like
a
doctor
giving
a
diagnosis
after
gathering
the
facts,
whether
or
not
you
like
the
prognosis
doesn’t
alter
the
outcome,
make
him
an
optimist
or
pessimist
–
it’s
simply
what
is.
And
while
Celente
holds
a
US
passport,
he
considers
himself
a
citizen
of
the
world.
Globalnomic®
Trend
Forecaster
—
Using
his
unique
perspectives
on
current
events
forming
future
trends,
Gerald
Celente
developed
the
Globalnomic®
methodology
which
is
used
to
identify,
track,
forecast
and
manage
trends.
The
world's
only
trends
analyst
covering
300
diversified
trends
fields,
Gerald
Celente
and
the
Trends
Research
Institute
provide
trend
research
studies
and
consulting
services
to
businesses
and
governments
worldwide.
Celente
also
designed
the
nation’s
first
professional
course
in
trend
forecasting.
The
proof
is
in
his
past
—
Gerald
Celente
has
earned
his
reputation
as
"The
most
trusted
name
in
trends"
by
accurately
forecasting
hundreds
of
social,
business,
consumer,
environmental,
economic,
political,
entertainment,
and
technology
trends.
Among
them:
Celente
coined
the
term
"clean
foods"
in
1993
and
predicted
sustained
growth
in
organic
products
in
1988.
When
gold
was
at
$275
per
ounce
in
2002,
Celente
said
the
price
had
bottomed
and
in
2004
forecast
the
beginning
of
the
"Gold
Bull
Run."
Since
that
time,
with
pinpoint
accuracy,
he
said
when,
why
-
and
how
high
-
gold
would
go.
*youtube.com
recording.