Loading ...On gold, Nenner says,
“A lot of people don’t know that a lot of bull markets in gold are in a deflationary period. We are looking for a long term bull market for a couple of years to come, maybe until 2024. We are fine tuning it, but we are going to go short in the middle of the summer the bonds and go long the gold. I don’t think the weakness in stocks is going to go to the usual September, October and November time period. I think, after July, it will start to be difficult.”
Nenner thinks the stock market will bottom out in the year 2022, and the path from here is mostly down according to his cycles.
In closing, Nenner says,
“Gold prices and silver prices will go up. It’s early, and it’s better to get in early instead of when it’s exploding, and everybody knows you have to now be in gold. It’s always the clever money that is basing their money into gold stocks. The price is going much higher. Remember, my upside price target is $2,500. Right now, it is $1,270, and $2,500 is a substantial move in gold.”