, Gold and Silver News: Charles Nenner: Gold to Enter New Bull Market

Monday, July 23, 2018

Charles Nenner: Gold to Enter New Bull Market


Don’t worry about the recent weakness in gold and silver because renowned financial cycle expert Charles Nenner thinks they both will rise in price soon, but not until after a bit more pain for holders of precious metals. 

Nenner says, “Gold is going to enter a new bull market. The first cycle will bottom after the summer. $1,212 per ounce is our downside target. If it hangs around there and it’s after the summer, we will probably give it a buy signal. If that breaks, we will come up with a new low price target, but it definitely will enter a new bull market. Gold is in a bull market even though it came down from $1,900 per ounce.

It’s going to pick up anyway in a couple of months, but is it going to be from $1,212 or a lower price target?” So, would Nenner be a seller of gold? Nenner says, “No, not now, it’s going to top $2,500 per ounce in about two years or so.”

- Source, USA Watchdog