Wednesday, January 14, 2015
Charles Nenner -- New Gold Bull Market Coming Soon
Charles Nenner, of the Charles Nenner Research Center, says the plunge in oil prices are not over. Nenner says, “It’s all in a sell signal and (the chart) goes straight down. If lines go straight down on a yearly chart . . . there is a major, major issue going on here.
On gold, Nenner says, “On the cycle front, we are looking for a low in gold, and that seems to be forming. We are looking for a new bull market in gold. . . . If stocks go down and bonds are already at very low rates, so it’s very dangerous to go into bonds. If you get 1% on the 10-year, you don’t want it. Real estate is coming down again because nobody is going to spend money. You don’t trust the banks; you don’t want to be in the monetary system, so you buy gold. There are some very good reasons that deflation is going to lead to a bull market in gold.
So is Nenner firmly in the deflation camp? The answer is yes and no. Nenner says, “We will start the whole inflationary process soon, but first we are going to have the scare of deflation.”
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