Cheap Money Not Going to Work Anymore – Charles Nenner (#1)…”“We are in a new bull market in gold, and the price is headed to at least $2,500 per ounce”
By Greg Hunter
USAWatchdog.com
August 7, 2019
Renowned geopolitical and financial cycle expert Charles Nenner says forget what the mainstream financial channels are saying about more Fed easy money policies pushing the markets higher. Nenner explains, “The clever institutions I work with were selling all the time when the S&P was around 3,000, and the small investor and public were buying, buying and buying. The clever money was so happy then . . . . The small investor buys and all the time they (clever money) get a chance to sell, sell and sell until they are finished selling. Then, suddenly something happens. Then the small investor who holds the cash and he’s in a crisis, and here we go down. I always stress to the small investor, understand how this game works. Day before yesterday, the Dow was down 1,000 (inter-day). I heard one person say maybe you should sell. It’s always buy, buy, buy. They don’t do anybody any favors because there are so many losses. I never hear CNBC say sell, sell, sell. So, it’s a crooked game.”
What does he say to people waiting for the Fed to drive markets back up with easy money? Nenner says, “We are finished with the cheap money. It’s not going to work anymore. That’s what the big investors understand. Even if we have 0% rates, it’s not going to keep this economy going. They cannot keep it going anymore.”
Last time Nenner was on USAWatchdog.com, he said “gold was going up” and “interest rates were going to continue to fall.” He was correct and says those two trends are going to continue. Nenner says, “We are in a new bull market in gold, and the price is headed to at least $2,500 per ounce. . . . The stock market is going to continue to go down over the next 2 ½ years.” Nenner is standing by his call he’s had in place for years for a “bottom in the DOW at 5,000.” Nenner is not backing off that call one bit. So, you’ve been warned.
As far as silver, Nenner says, “Silver is going to go up too, but it won’t take off for a few months.”
Join Greg Hunter as he goes One-on-One with Charles Nenner, one of the very best geopolitical and financial market cycle experts on the planet.
