Markets Haven't Crashed Yet, and Here's Why, Gerald Celente Says
Markets Haven't Crashed Yet, and Here's Why, Gerald Celente Says
Kitco News: 10-3-2026
Gerald Celente says Wall Street and Main Street have split apart, and a crash is on the near horizon. Celente, founder of the Trends Research Institute and publisher of the Trends Journal, has spent 46 years forecasting trends.
He joins Jeremy Szafron on the stock market, gold, silver, inflation, the jobs report, the Iran war, Gen Z and what he says is coming for your money. Celente says stocks are rallying while Main Street struggles.
In New York's Hudson Valley, he says, "the streets are dead," and the restaurant owners he talks to report business down more than 30% on average. He believes the coming crash will mirror 1929, warns of a dot-com bust in AI stocks and argues China will lead the world in artificial intelligence.
He also explains why the markets haven't crashed yet: he didn't expect interest rates to go to zero and trillions of dollars in cheap money to flood the system.
With September's jobs report showing just 29,000 new jobs, and July and August revised down by a combined 60,000, Celente explains what he calls dragflation, prices going up while the economy goes down, and why he believes higher inflation means higher gold prices.
He started buying gold at about $170 an ounce in 1978, bought again near $5,300 and says he would buy now, not sell. He is bullish on silver too, saying there are no silver stockpiles.
Celente lays out his getaway plan: "get to the country, because the cities are gonna go down bad." He explains why Gen Z is turning on the system from India to Nepal, why he is holding his 2027 trends until after the Nov. 3 midterms and why he believes a renaissance could still turn things around.
00:00 Why Celente Says These Are the Worst Times He's Seen
01:46 Wall Street vs. Main Street
03:58 Fuel Prices, Rising Yields and Crash Risk
05:31 Jobs Revisions: What Should You Believe?
09:25 AI Bubble, China and a New Dot-Com Bust
13:20 A 1929-Style Crash and the Three G's
18:45 Gold Selloff, Silver and What Celente Is Buying
23:30 Celente's Getaway Plan: Get to the Country
28:56 Celente Fears the Iran War Will Escalate
33:04 Fuel Shortages, Oil Prices and Main Street
37:52 Gen Z Revolt, Monopolies and the Cost of Living
44:04 Celente's Advice to Young Adults and a New Renaissance
49:17 Why Celente Says Change Starts at Home
52:26 Why the Crash Hasn't Come Yet
54:16 Why He's Holding His 2027 Call
55:16 Where Celente Finds Hope for the Future
59:07 War, Washington and the Military-Industrial Complex