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
