Wednesday, May 14, 2014

Gold's Bottom Coming - Charles Nenner Research

This guy does cyclical studies and someone I respect, because he's not exactly mainstream.  He thinks gold will re-test lows around $1150 next month, and silver will also re-test its lows in June.

He is long-term bullish on gold, believing gold will re-test its $1923 highs.  We don't know if he's right or wrong, but if you already have some precious metals, waiting until next month for the bottom to form--if it occurs, may be the right time to increase your holdings.

The fall and winter seasons are traditionally bullish for precious metals due to the Indian Diwali and wedding seasons, the holidays and Chinese new year.  A lull in June is not surprising.

On the other hand, if you have no precious metals exposure, consider layering in and buy an initial position now in case he is wrong.

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