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Nenner Warns America: "Depression First, Then Hyperinflation, Buy

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jumanji0881   Friday, 07/20/18 04:15:37 PM
Re: JefftDecker post# 31878
Post # of 37331 
Nenner Warns America: "Depression First, Then Hyperinflation, Buy Gold" : https://www.zerohedge.com/news/2018-07-20/nenner-warns-america-depression-first-then-hyperinflation

Excerpt:
On gold and silver, Nenner thinks they both rise in price, 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.”


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