◆ “Gold will go to $2,500 per ounce” renowned geopolitical and financial cycle expert Charles Nenner stands by his prediction of record gold prices.
◆ “Cycles show me that gold and silver will be going up for a couple of years. I take profits in a short term top, but … I am in for the long term”... as “they will go much, much higher.”
◆ How much higher could gold go in the longer term? “I made the calculation that if the system breaks down and we have to go back to the gold standard, then gold would be around $60,000 per ounce” according to Nenner
◆ “The problem is it can go to $1,890 and then suddenly to $1,470, and they get afraid and sell out and no more long term investment. . . . If you are strong enough, let it go to $2,500, but never get weak even if it goes down. Be a long term investor. . . .$2,500 gold could take three years.”
◆ The cycle says we are at the top in stocks globally and while stocks could go 3% or 4% higher or we could have a 40% or 50% correction or indeed a crash
Watch interview here
NEWS and COMMENTARY
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Gold pulls back after flirting with $1,600 as dollar and government bond yields gain altitude
U.S. finalizes rule to slap duties on countries that undervalue currencies
SWOT Analysis: Gold ETFs Hit a Seven-Year High
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GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
03-Feb-20 1578.85 1574.75, 1207.98 1209.41 & 1426.65 1425.46
31-Jan-20 1580.85 1584.20, 1205.24 1204.63 & 1433.51 1431.96
30-Jan-20 1580.40 1578.25, 1213.75 1206.41 & 1435.16 1431.31
29-Jan-20 1571.20 1573.45, 1207.31 1209.20 & 1428.38 1429.95
28-Jan-20 1579.60 1574.00, 1212.19 1211.04 & 1433.33 1430.77
27-Jan-20 1583.45 1580.10, 1209.28 1210.04 & 1436.66 1433.94
24-Jan-20 1561.85 1564.30, 1192.63 1194.19 & 1415.04 1418.04
23-Jan-20 1554.05 1562.90, 1182.94 1191.24 & 1401.91 1411.77
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