Today the top trends forecaster in the world, Gerald Celente, discussed what’s next for gold and also told King World News that the China trade deal is way overblown.

China Trade Deal Overblown
 (King World News) – Gerald Celente:  “The trade deal with China means nothing.  It is a lot of noise that has very little implication regarding the current global economic environment.  It adds up to virtually nothing.  The current tariffs imposed upon China imposed by the US account for only 0.6% of China’s total GDP.  So it’s totally overblown in my opinion.

The slowdown in Chinese retail and auto sales have nothing to do with fears of the existing trade war, just as the recession in Italy has nothing to do with fears of the trade war.  The reality is that the world is experiencing a global economic slowdown and consumers have less money to spend.

Everyone knows by now that the world markets and economies were pumped up by cheap money and that the economies did not grow as a result of basic economic fundamentals.  They were artificially inflated by heavy doses of monetary methadone……more here