I am putting Charles Nenner on the record here. Can he be right again this time? So far, after hitting $1,130 Gold was cooperating with his Call. Gold space is full of buzz again. Alan Greenspan is talking about Gold with FT, Le Pen in France is demanding Gold audit and its repatriation after Netherlands brought some of its Gold from NY and Swiss are going vote in their referendum this Sunday. Will it all translate into the Gold breakout above $1,225 level next week?
Charles Nenner has quite a few very impressive calls on different markets. His today calls sound totally contrarian for the mainstream investors. US Dollar is rising to the sky, markets are hitting all-time-highs. Lets put him on the record here today. In this interview he confirms his call for Gold cycle to bottom now and his upside target of $2,100. Chinese seems to be following his ideas ...
"Koos Jansen continues his brilliant work and reports that gold demand in China remains very strong. It is the very interesting confirmation for the strong physical market in light of the recent call from Charles Nenner for Gold cycle to bottom now. Capitulation in Gold miners last week "leaves no hope for any life after death in the sector", calls for gold below $1,000 are getting louder - are these the real signs of the bottom to be made now? Read more."
Charles Nenner: "We are at the bottom of the cycle for Gold with $1150 target." Nobody knows the future for sure, but this interview is very interesting - it was published on October 7, 2014, particularly when you consider the last week blood bath in gold miners which looks like total capitulation. Can Swiss Gold Referendum bring us necessary catalyst? Read more."