Via Greg Hunter’s USAWatchdog.com,
Renowned geopolitical and financial cycle expert Charles Nenner says his “stock market cycle has topped.”
Look no further than the more than 400 point pounding on Monday for proof. Nenner says,
“If we see a good close on the S&P futures for March below 3230, that’s only a couple of points away from here. Then we get lower price targets, and then this could turn into something much more serious…
These bull markets don’t stop on a dime. So, we can go up and down and up and down…
People always think there is a buying opportunity… but this market will go down in a strong, strong way.”
Nenner is not waiting. He is instructing his clients that “It’s time to sell. We are totally out of stocks…”
“There is a difference between insiders and small investors. Small investors are upset if they miss another two or three percent to the upside, while the big investor is afraid they can lose 40% to the downside. I am afraid they can lose 40% to the downside. I am standing aside unless I see something totally different.”
On interest rates, Nenner predicted months ago that rates would go down, and they did. What does Nenner say now? Nenner says, “The same thing…”
“…this is going to continue for most of the year. Again, we don’t know what the news is. It could be a rush for safety. It could be a recession. It could be deflation…. I think we will have a deflationary crisis, and that’s why interest rates will go much lower.”
On the Fed trying to suppress interest rates by flooding the repo market with cheap money, Nenner says,
“People that thought they were safe and had money put aside are having to go back to work when they are 80 years old. So, the Fed could maybe succeed in what they do, but they are bringing down the whole system.”
On gold, Nenner still stands by his prediction that “gold will go to $2,500 per ounce” in the next few years. Nenner explains,
“Cycles show me that gold and silver will be going up for a couple of years…. I take profits in a short term top, but people say that Mr. Nenner says the long term top is $2,500. So, I am in for the long term. The problem is it can go to $1,890 and then suddenly to $1,470, and they get afraid and sell out and no more long term investment… If you are strong enough, let it go to $2,500, but never get weak even if it goes down. Be a long term investor….$2,500 gold could take three years.”
How much higher could gold go in the longer term? Nenner says,
“I made the calculation that if the system breaks down and we have to go back to the gold standard, then gold would be around $60,000 per ounce. Who knows what’s going to happen.”
Another one of Nenner’s cycles that has turned up is the “War Cycle.” Nenner says,
“Remember a few years ago, I said the internal war cycle was more frightening than the external war cycle, especially for the United States. We are going to have social unrest and uprising that is going to be more dangerous, and that is more dangerous than the United States going to war…
What we are looking for is the big war that still has to come. I still say I don’t think it comes in the Middle East. It will come in the South China Sea… Just because it’s time.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with geopolitical and economic cycle expert Charles Nenner.
* * *
To Donate to USAWatchdog.com Click Here
There is free information and analysis on CharlesNenner.com. You can also sign up to be a subscriber for Nenner’s cutting edge cycle work with a free trial period by clicking here.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Or the 200+ point gain today?
(laugh) either one, it’s all good.
“Market Will Go Down 40%”
sure. someday.
the zimbabwe stock market gained one trillion percent or something while their currency was crashing.
What goes up MUST come down, so if this happens the market will STILL be overpriced.
“the market will STILL be overpriced”
actually no, it wouldn’t be. neither is it overpriced. at this point the price of the stock market has nothing whatsoever to do with its value.
Says you, I’ll give you the value is from Fed magick money stuffing, but it is over priced now and would be with a 40% drop. Monetizing much?
“I’ll give you the value is from Fed magick money stuffing”
the price, not the value. once that sinks in then it all comes clear.
OK, YOU win, the market is overvalued. Words, words words, you catch my drift as to the OVERVALUE.
Price discovery is nearly obsolete today….
Is quantitive easing being forgotten. The old real market might have had more of an impact.
Remember the old economy and the new economy shills on tv telling you to abandon all you know that works and the companys that had workers vs hedge fund tech with a few geeks…..yeah
There are highly sought after publications that have for decades produced list of the most accurate forecasters in the world. I have never in the last 15 years seen nor heard of any prepper, prepper show, vlog, blog, newsletter, doomsayer, gold pusher website mention these highly recognized publications nor anyone named for decades for being highly accurate that make these lists. But we get some dude here in this article that looks like a twin for the doc on back to the future.
I read these top well known forecasters often and most of them have the opposite to say and yes they have been far more accurate in the 55-65% range than these Stansberry types that are less than 9% accurate. Most of the highly known forecasters have been doing it for decades.
For those that do not know Stansberry makes over $10m per month, was kicked out of the investment/securities industry for fraud and barred for life. His doom porn has been ongoing for 15 years and he has been right less than 3.8% in all his predictions and forecasts. Yes, he is ranked, by professional firms, and he absolutely sucks donkey ass at it. But hey his doom porn makes him a shitpile of dough monthly from the sheeple.