Saturday, October 11, 2014

David Gurwitz & Chris Waltzek on GoldSeek Radio – October 9, 2014

by Chris Waltzek
GoldSeek Radio

Nenner Research expects $2,500 gold, the same outfit that called on CNBC the stock market peak of 2008 and the zenith in crude oil at $147 before the infamous $100 plunge; warned their hedge fund clients that Lehman Brothers was a sell, all the way down to $5 per share – as well as the Fed Funds rate drop from 6% to 0%. Charles Nenner and David Gurwitz use advanced mathematical models / algorithms to identify profitable patterns in the market, such as the Fibonacci ratio, the Golden Mean (Phi: 1.618). Their cycle models indicate that the precious metals sector is nearing an important bottom, as soon as next week. Gold investors are poised to benefit under inflation or deflation, either scenario presents a win / win opportunity. Crude oil should soon find a floor and rally sharply to $120 per barrel (WTIC) and they are buying silver. However, the host agrees with David Gurwitz that natural gas has a destiny with $2.50 per futures contract.
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