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Macy's Store Closures, Commercial Real Estate Crisis and Gold Forecast
Gerald Celente discusses the impending closure of 150 Macy's stores and the broader crisis in commercial real estate. He highlights high office vacancy rates in cities like New York and San Francisco, arguing that these buildings cannot easily be converted to housing. Celente also notes that gold prices have risen significantly, fulfilling his "golden year for gold" forecast for 2024.










