Charles Nenner: Don’t Worry About Gold’s Price Today Because It Will Be $2,500 In Two Years

Charles says that gold has been weak lately, but gold is in a bull market, and after the summer, it will resume the climb. Here’s the details…

Charles Nenner interviewed by Greg Hunter on USA Watchdog

Don’t worry about the recent weakness in gold and silver because renowned financial cycle expert Charles Nenner thinks they both will rise in price soon, 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.”

Join Greg Hunter as he goes One-on-One with renowned financial and political cycle expert Charles Nenner.