GoldSeek Radio Nugget - Charles Nenner on Cycles and Market Timing

Dr. Nenner, the Head of Charles Nenner Research Center, outlines his 2024 market projections. Don't miss out on his 30-day free trial without obligation! Sign up for Charles Nenner Research Center

- Dr. Nenner outlines his case for a domestic economic recession in 2024
- Outlook on US equities.
- The Buffett Indicator - GDP related metric completely out of sync.
- Gold could enjoy a solid run once price breaks - $2,100.

Nenner explains:

"Well you can say we're building up momentum, but if you look at the chart of gold, I think 4 or 5 times, it hit $2100 and it turned around. There's still big sellers around $2100. It's coming. Again, you have to look at our cycles, it's coming, but not yet. Still, people are not doing too well because every time you think it's going, they pour into gold and then it reverses and then loses a lot of money again. Then if it goes, they like to say they're licking their wounds; they're afraid to go long.

"So also gold is very volatile, as is silver, and you really have to know the timing and to say, 'Well I'm going to have gold because there's inflation and the peace situation in the world, to say it nicely, is very bad, so gold has to go up.' Well, you see it doesn't really work that way. That is more or less a rumor. 

If the cycles are not supporting gold, you can have major wars, but gold doesn't go up. So even if longer term gold is going higher, you need a very good stomach to stomach 200 points on the downside and still say well, 'I'm going to keep it because the end, you know, it's going to be more.'

- Safe havens for targeted people.

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