Dr. Nenner, The Head of Charles Nenner Research Center, formerly with Goldman Sachs, shares his latest market insights. Don't miss out on his 30-day free trial without obligation!
- Gold hit a new record high!
- Dr. Nenner thinks gold could reach new highs in 2 weeks.
Well, I think finally, we see a nice up move in gold. But by the way, today, we took some profits on a long position. We were up about $200 and I think we're gonna get a trading range before we continue higher, but that's going to take a couple of weeks.
- The long-term gold cycle appears to be favorable for bullish positions.
Well, we have long-term cycles, even yearly cycles, quarterly monthly Cycles, but most of us subscribers look a bit more shorter term. So, there was a daily cycle low, which we start buying – as you know, our theory is that stocks don't move, all assets don't move at random – which means you can know which day a move starts; how far it's going up and when the top is there. So that makes that makes investing very, very easy.
The longer term cycle in gold is turning up and we saw first a nice up move. Like I said, we we reached close to some short-term upside targets. So, we expect some trading range in this since we had such a big up move.
- US equities may be in a short-term correction.
- Crude oil is hinting at higher prices.
About the author
Chris Waltzek is host, executive producer, writer/editor, best-selling author, webmaster, sound engineer and computer guru at Goldseek.com Radio. He earned his bachelors degree in Business Economics and holds a dual MBA in Business Economics & Information Systems. Upon graduation he worked as the firm-wide Industry Analyst at one of the nations largest law firms, Jones, Day, Reavis, Pogue. Chris is currently a Ph.D. student in Management / Finance at NCU.
