What does he think now? He likes gold and says he “made more money in gold than in stocks” in the past few months. Nenner says, “We are playing the long term gold market.
We went out at $2,100 (per ounce), and the price target was $1,850 (on the downside). We hit $1,850 a couple of days ago, so we bought back in. We get in and out for a couple of hundred points, and it’s worthwhile.
So, the gold cycle is up for much longer. $2,500 is the first target, and it could be we get higher targets.
I do not believe in the stock market, most of the markets we do nicely in are the gold market, silver market, crude oil market, bond market and the dollar.
It’s all very simple and normal, and the stock market is not going to end very well.”
- Source, USA Watchdog
