Worthwhile interview
- interviewer - credits the guy
(Charles Nenner Research’s Managing Director)
With - calling the top in gold
- & getting his clients "all out" of markets in the summer before Lehman
- we're talking....sovereign wealth funds !!
(if true - quite impressive)
He uses,
- cycles,
- algorythms,
- and for good measure
- a dash of.....quantum physics
He says the above system he uses ,( in paraphrase), effectively indicates....tops/bottoms ....and....time windows
Worth hearing the interview in full - but a few ...juicy bits :o)
http://www.hardassetsinvestor.com/videoSourceJoomlaMov.php?id=4834
Gold likely to do one more retest... of a bottom (i think he said around high $1300)
He also Says Stocks Will Drop .....More Than 60%
(Over Next 7 Yrs)
System
It doesn't necessarily tell you the price or the proximity of the price.
- It just tells you, here's a time window.
Gold
Target algorithm, which ..is based.. on rocket science, believe it or not,
- and quantum physics … it does get very deep, gives you level.
- And so we look for timing, level and direction.
- And when they don't all line up, we will stay out, which is
- something most people have a hard time doing.
- So they're in pain staying in the gold trade. Now as you probably know, a lot of people are sitting now crying because … and
- they're going to.. probably sell.
When it gets to the bottom—which we think is coming..... relatively soon
— they're going to sell out ....and we think there's going to be a great opportunity.
So the recent sell-off that brought us into the mid-to-low $1,300's, it was
- almost.... like a capitulation
We'll retest probably,....... because we want everything to line up.
- The cycle, the target and the other things we look atl.
It would suggest - we're in the next leg of this long-term bull market.
We have a lot of sovereign wealth fund clients.
They don't want to trade next week, next month.
- They want to know four years from now.
& the outlook, after possible "coming soon" retest of high $1,300's bottom
- Gold.... is going to go up,
(based on our cycles, based on our forecasts).
Silver ....going up
But Copper is down.
We got out of copper six, eight months ago. So copper's down, indicates something about not such a great economy.
Everything's different.
So grains we think are bottoming in several months. And there's going to be a rally in grains.
People say stocks and bonds always go opposite direction. If you bought stocks and bonds in 1981, it was both a great trade. They both went up. If you bought them both in 2000, bonds have done well, but stocks are flat from 2000.
- If you bought them from 2007, bonds have done well, but stocks haven't.
- So you can't just say A implies …B
Worth listening to....imo - and fwiw basis