Latest / Financial Survival Network / GOLD TO $6,500: THE CRASH WARNING - Charles Nenner #6418

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GOLD TO $6,500: THE CRASH WARNING - Charles Nenner #6418 · Financial Survival Network

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• 0:27
  Speaker 2: Welcome, and this is Financial Survival Network. I'm your host,
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  Speaker 2: Cary Lutz. Charles Nenner is with us now, and we
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  Speaker 2: haven't spoken with you in a while, Charles, but lots
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  Speaker 2: of things going on. We got multiple wars taking place,
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  Speaker 2: and looks like we're hell-bent on going to oblivion here.
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  Speaker 2: What are the markets that you're focusing your attention on
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  Speaker 2: most right now?
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  Speaker 3: Well, we focus on, first of all, we really focus
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  Speaker 3: on our war cycles because they work very perfectly. And
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  Speaker 3: more about that later. We look at everything, the euro,
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  Speaker 3: crude oil, S & P, gold, silver, whatever there is
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  Speaker 3: that we work for our clients.
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  Speaker 2: Okay. Yeah.
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  Speaker 3: And special, you know, we have, for instance, let me
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  Speaker 3: see there. is the big hedge funds and they say,
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  Speaker 3: I want to buy stock X. A fundamental show that
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  Speaker 3: is buy. So we can buy it, but as long
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  Speaker 3: as the other investors don't think the same, you don't
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  Speaker 3: make any money. So sometimes you sit happy on that money.
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  Speaker 3: So then we build cycles for them and price targets
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  Speaker 3: so they don't have to spend their money when it's
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  Speaker 3: not moving. So, you know, then when the cycle bottoms,
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  Speaker 3: then they go in because that's when the crowd is
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  Speaker 3: going to follow. It keeps us very busy because a
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  Speaker 3: lot of stocks that everybody's interested in, but for the rest, yeah,
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  Speaker 3: it's the usual stuff. We do that almost every day,
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  Speaker 3: and we show every day how we do it on
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  Speaker 3: the computer, and it's easy to follow.
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  Speaker 2: So, looking at the markets now, and we'll get to
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  Speaker 2: the war cycle like you said, but If we're looking
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  Speaker 2: at gold and silver, they made new highs. Silver hit
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  Speaker 2: 121 and change. Then they pulled back, obviously, silver more
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  Speaker 2: than gold. What is your take on are they heading
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  Speaker 2: for the next leg up? Are we in a consolidation
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  Speaker 2: or what?
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  Speaker 3: We had the cycles down into August. People who are
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  Speaker 3: interested can, now speaking, but I'm not sure if the
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  Speaker 3: guys can handle it, but they can ask for a
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  Speaker 3: chart that was giving out like in last year or so,
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  Speaker 3: and it hit the top exactly at 5,500, and it
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  Speaker 3: said the bottom is in August. So that didn't change.
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  Speaker 3: So there's a major low forming over here, and the
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  Speaker 3: gold price is going up well into next year.
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  Speaker 2: And silver as well?
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  Speaker 3: Silver as well. The gold now looks like 6,500. as
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  Speaker 3: the price target.
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  Speaker 2: And when you think we'll be hitting that? You said
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  Speaker 2: into the fall?
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  Speaker 3: Well, I cannot, on the request of my clients, I
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  Speaker 3: cannot give too many details because what are we paying
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  Speaker 3: for if you say everything on television?
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  Speaker 2: I'm trying to get a freebie out of you here.
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  Speaker 2: Just give me a time range.
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  Speaker 3: Later in the next year.
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  Speaker 2: In the next year. Okay, so nothing has changed in
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  Speaker 2: that respect.
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  Speaker 3: No.
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  Speaker 2: What about oil? Now, oil hit 120 bucks a barrel thereabouts.
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  Speaker 2: Pulled back. It's in the low to mid 80s now,
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  Speaker 2: which the world seems to be able to deal with
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  Speaker 2: an oil price in that range. Is that heading back
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  Speaker 2: up as well?
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  Speaker 3: That is also not right now, but it's also heading
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  Speaker 3: back up one more time.
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  Speaker 2: Yes. Yeah. You think it'll it'll make it'll pass or
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  Speaker 2: surpass 120?
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  Speaker 3: Well, 101 is the big target that has to, when
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  Speaker 3: we get through that, anything is possible.
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  Speaker 2: Aha. Okay. And, all right, so the euro, the dollar,
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  Speaker 2: the dollar had been strong. It's been weakening a bit.
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  Speaker 2: Are we going to see another strong dollar move forward?
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  Speaker 3: Well, it looks like a trading range. And, you know,
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  Speaker 3: I'm not a fundamentalist, but what's going on over now
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  Speaker 3: is that The United States is going to run out
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  Speaker 3: of money because they have to supply all those weapons
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  Speaker 3: that they threw over in the Middle East. And they
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  Speaker 3: have to take bigger loans. And I see that for
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  Speaker 3: a while the long bond is going down, which means
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  Speaker 3: its loan rates are going higher. And the problem is
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  Speaker 3: that we show that today that the commodity index cycle
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  Speaker 3: is up. And the Fed fund cycle doesn't show any easing.
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  Speaker 3: And if only we go up half a point on
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  Speaker 3: the Fed funds that cost the United States so much
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  Speaker 3: money and it really starts to be a bit scary.
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  Speaker 3: Things we talked about the last couple of years, but
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  Speaker 3: it's accelerating because of all these wars.
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  Speaker 2: Right. And you don't see... We're going to talk about
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  Speaker 2: the wars in a little bit. So... Is the Euro
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  Speaker 2: going to go up against the dollar, though? Because the
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  Speaker 2: Euro has got its own concerns with the Ukraine war,
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  Speaker 2: the Russia-Ukraine war, which seems to have no end in sight.
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  Speaker 3: Well, first of all, I think it's going to be stable.
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  Speaker 3: I said in the beginning that it's going to be
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  Speaker 3: like a 1918 situation when nobody moves, maybe moves 500
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  Speaker 3: meters and then goes back 500 meters. There is no
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  Speaker 3: end to this. I don't think it will have a major,
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  Speaker 3: major impact on the euro. The only caveat is that
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  Speaker 3: some sources that I cannot talk about say that, let
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  Speaker 3: me give you the example. If you give a gun
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  Speaker 3: to your friend and your friend kills me, I guess
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  Speaker 3: you're also liable, right?
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  Speaker 2: Yeah.
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  Speaker 3: Okay.
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  Speaker 2: Well, it could be, yeah.
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  Speaker 3: Okay, so if France and Holland and Germany all give
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  Speaker 3: all these weapons to Ukraine, it's building up in Russia
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  Speaker 3: that they're part of the problem. And it could very
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  Speaker 3: well be that Russia will try to stop them if
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  Speaker 3: there's no other way to stop them. They're playing like
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  Speaker 3: free rights over there and let other people fight, but
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  Speaker 3: it's not so simple because Ukrainians are fighting because the Americans,
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  Speaker 3: they pushed the limit of the NATO to the east
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  Speaker 3: and to the east and to the east. They were
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  Speaker 3: supposed to stop in eastern Berlin and then came Poland
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  Speaker 3: and then came Romania and Czechoslovakia. And so the question is,
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  Speaker 3: I seem to be one of the few people who
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  Speaker 3: say that, if I go to your house and I
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  Speaker 3: put 200 feet from your door, big rockets, Would you
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  Speaker 3: say like the Western Europeans says, well, they have the
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  Speaker 3: right to do it? Or would you say, I will
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  Speaker 3: get rid of it? So I think they are in
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  Speaker 3: their rights to say, guys, get back from our borders.
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  Speaker 3: And that's what Putin said for many years. Don't expand
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  Speaker 3: to NATO too far. And for one reason or the other,
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  Speaker 3: if it's the Pentagon that wants to make money because
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  Speaker 3: somebody has to rebuild later Ukraine, I don't know, to
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  Speaker 3: give a very simple example, I have friends who cannot
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  Speaker 3: send their children to a crash anymore because the money
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  Speaker 3: has to go to the army. The Dutch didn't go
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  Speaker 3: to the army for, I don't know, 50 years. I
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  Speaker 3: think that was one of the last ones. Thank God
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  Speaker 3: they didn't get me in. I played the fool, so
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  Speaker 3: I couldn't. So everybody's totally crazy and everybody thinks they
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  Speaker 3: are in his right. So if you are gonna produce
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  Speaker 3: airplanes that attack Russia, it's like I give you a
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  Speaker 3: gun to kill somebody. And at the moment, Western Europe
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  Speaker 3: should not be surprised.
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  Speaker 2: Not at all.
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  Speaker 3: I think this is gonna happen because I see a
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  Speaker 3: spike up between the 2030 and 32. in the war cycles.
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  Speaker 3: Until then, it seems to be a bit, well, we
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  Speaker 3: can't call it calm because everyday people die. But you know,
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  Speaker 3: like in the First World War, nobody moves and nothing
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  Speaker 3: is going on. Yeah.
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  Speaker 2: It's a little scary there, isn't it?
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  Speaker 3: It's very scary. I don't think Americans understand how scary
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  Speaker 3: it is because I know, and I really know, that
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  Speaker 3: there came immigrants, illegal immigrants, And they had like a
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  Speaker 3: small piece of iron that was checked, let's say a
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  Speaker 3: couple of inches, and the security says, oh, that's nothing.
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  Speaker 3: But what they forgot is if 10,000 people bring it in,
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  Speaker 3: you can make a bond. So it's already in the
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  Speaker 3: United States brought into small pieces. And I don't hear
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  Speaker 3: anybody about that problem.
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  Speaker 2: Yeah.
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  Speaker 3: So I think from inside the United States it's going
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  Speaker 3: to be a bad situation.
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  Speaker 2: So the war with Iran, how much longer is that
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  Speaker 2: going to go on for?
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  Speaker 3: It's crazy to say forever because the United States cannot win.
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  Speaker 3: The territory over there is like the moon. You cannot
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  Speaker 3: bring in any soldiers. They all get killed over there.
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  Speaker 3: The Iranians, and I know this because I have subscribers
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  Speaker 3: from Iran, they said in 20, 30 years, they already
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  Speaker 3: prepared themselves on the grounds. And it's a joke that
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  Speaker 3: they blow up some riches. And there's absolutely no chance
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  Speaker 3: of taking over. I don't want to take over Iran.
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  Speaker 3: First of all, you know how many people you need,
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  Speaker 3: and everybody gets killed. Same thing with the islands over there.
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  Speaker 3: Nobody can make a move, so it's going to be
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  Speaker 3: more of nothing. And the problem is- The stalemate? Yeah,
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  Speaker 3: the stalemate has to stop because the United States is
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  Speaker 3: running out of weapons.
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  Speaker 2: Well, what about them, though? Aren't they, I mean, yeah. No,
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  Speaker 2: they get from- They have their issues as well, right?
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  Speaker 3: They get from Korea, from China, who knows from where,
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  Speaker 3: and they make their own weapons. So it's going to
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  Speaker 3: be the same situation for a while.
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  Speaker 2: All right. So just more of the same, basically, right? Right.
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  Speaker 3: Okay.
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  Speaker 2: So what other markets should we be looking at here?
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  Speaker 3: We really should be prepared for a big crash in
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  Speaker 3: the stock market next year.
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  Speaker 2: Next year, you're thinking? Yeah.
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  Speaker 3: Next year, and you have the same feeling that you
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  Speaker 3: had in 1927, 28. Nothing can go wrong. It only
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  Speaker 3: goes up. And if you look at the statistics, it
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  Speaker 3: looks exactly like people were thinking over then. And the
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  Speaker 3: cycles for the first time, the yearly cycles, look exactly
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  Speaker 3: as that time frame. So I don't know what's going
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  Speaker 3: to happen. I usually say, If the Dow goes to 5,000,
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  Speaker 3: you know, when Clinton was president, it was 5,000. And,
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  Speaker 3: you know, people still had a normal life. So I
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  Speaker 3: don't know what's going to happen. But I continue to warn.
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  Speaker 3: And most of my clients that are there for 30
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  Speaker 3: years at least, they know most of the time they're right.
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  Speaker 2: So they listen.
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  Speaker 3: And the systems that they have, I said, in another program,
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  Speaker 3: there is a company in Switzerland, reliable company that exists
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  Speaker 3: for 200 years. You transfer money to there, they buy gold,
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  Speaker 3: they put it in the safe the same day, and
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  Speaker 3: you have your gold in a safe. Now, if you
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  Speaker 3: want it to disappear, for tax reasons or whatever, that's
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  Speaker 3: none of my business, you just take it out and
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  Speaker 3: you get a safe somewhere else, and then nobody knows
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  Speaker 3: where it is. Right. Very rich under us are doing
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  Speaker 3: that all the time. Mm-hmm.
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  Speaker 2: Yeah.
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  Speaker 3: So everybody's preparing himself.
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  Speaker 2: Yeah, well, you need to be prepared. So what about
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  Speaker 2: Bitcoin and cryptocurrencies? Do they play a role in this
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  Speaker 2: as well?
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  Speaker 3: No, I think the enthusiasm is over. I think we've
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  Speaker 3: seen the high and nothing's going to happen and then
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  Speaker 3: it goes down and then it will disappear. Okay.
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  Speaker 2: But so gold and silver is really what you need
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  Speaker 2: to be focusing on then. And so the war cycle
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  Speaker 2: just keeps going like this till 2032, huh?
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  Speaker 3: Well, with an explosion in the late 20s.
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  Speaker 2: Yeah, yeah. Yeah, well, that's crazy. But yeah, I guess
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  Speaker 2: how long are the Russians just going to sit around
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  Speaker 2: and take it, right? Doesn't it come down to that?
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  Speaker 3: Yeah, but the problem is the United States doesn't even
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  Speaker 3: have enough weapons left to fight China or whoever was
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  Speaker 3: going to attack them. It's a crazy situation.
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  Speaker 2: Yeah, yeah.
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  Speaker 3: So they didn't really think about it. And then we
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  Speaker 3: have this whole situation in the Middle East with Israel
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  Speaker 3: and Syria and Turkey starts not to be Turkey, starts
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  Speaker 3: to be like an enemy of the NATO. They do
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  Speaker 3: their own thing and they want to attack.
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  Speaker 2: It appears, yeah.
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  Speaker 3: Everything is out of order. We don't have any strong leaders.
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  Speaker 2: Yeah, that's unfortunate for sure. So where are you supposed
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  Speaker 2: to go? What are you supposed to do in this
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  Speaker 2: situation here?
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  Speaker 3: Well, it's really not, I never believed in holds, in
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  Speaker 3: buy and holds, because my experience is that if, I
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  Speaker 3: give an example, if you buy gold at 4,000 and
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  Speaker 3: it goes to 3,000, you say, I'm there for buy
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  Speaker 3: and holds. Now, once it goes to 1,500, you don't
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  Speaker 3: sleep anymore and you sell out and you always... This
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  Speaker 3: is really a time not to hold. You have to
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  Speaker 3: hedge it. In order to hedge it, you have to
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  Speaker 3: do a little bit of work with our cycles and
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  Speaker 3: price targets because hedges run out of time to show
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  Speaker 3: you have to know exactly when the cycle tops and
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  Speaker 3: you have to defend your portfolio.
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  Speaker 2: So you think Gold 6,500. Could it go higher than that, Charles?
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  Speaker 3: That's a target I have now. What I also want
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  Speaker 3: to mention is that I'm very worried about the housing
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  Speaker 3: market because we were already very short on Toll Brothers
• 15:33
  Speaker 3: and Lenar, and I think they came down 50% and
• 15:37
  Speaker 3: then we covered something. And I always say the insiders
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  Speaker 3: always buy stocks. Let's say the insiders buy oil stocks
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  Speaker 3: and not oil, and the insiders buy shares of... of
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  Speaker 3: corporations who were builders instead of selling the houses themselves.
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  Speaker 3: And this is down 50%. We had the same thing.
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  Speaker 3: Whoever wants to see it on my website in 2006,
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  Speaker 3: I warned Becky then. I was on CNBC and I
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  Speaker 3: was laughing about it because I saw the stocks were
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  Speaker 3: down 70%. How can nothing happen if stocks... you know,
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  Speaker 3: of the builders are down 70%. So they follow afterwards.
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  Speaker 3: So nobody seems to be worried because the outsiders, let's
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  Speaker 3: say the small investor, is not watching those stocks.
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  Speaker 2: Really? So you think oil, though, looks pretty good?
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  Speaker 3: Well, not right now, but yeah, it will go up
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  Speaker 3: one more time.
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  Speaker 2: All right. I can buy that. All right. So any
• 16:43
  Speaker 2: other markets? We're looking food, you know, commodities that we
• 16:49
  Speaker 2: should be focusing on?
• 16:51
  Speaker 3: Well, the commodity index is turning up again and the
• 16:55
  Speaker 3: foods look okay. Not terribly good, but in order to
• 16:59
  Speaker 3: make a profit, it's okay. There's a lot going on
• 17:03
  Speaker 3: with the yen because everybody used the yen to hedge
• 17:07
  Speaker 3: and it has been kind of volatile. So it's hard
• 17:10
  Speaker 3: to say. Like I said before, if you want to
• 17:13
  Speaker 3: know more about how we do it, you get 30
• 17:15
  Speaker 3: days free If you sign up, we don't even ask
• 17:19
  Speaker 3: for a credit card. You just give an email and
• 17:21
  Speaker 3: we send out the research and then you can see
• 17:23
  Speaker 3: it yourself. And if you think it's useful, then you
• 17:27
  Speaker 3: continue to get it. But at least you see how
• 17:30
  Speaker 3: the big investors invest their money, not the way that
• 17:33
  Speaker 3: you hear in the media and in the newspapers. Because
• 17:37
  Speaker 3: like Mr. Buffett said, I've never seen a financial journalist
• 17:41
  Speaker 3: who's a billionaire. Yeah.
• 17:45
  Speaker 2: And that's so true, isn't it?
• 17:47
  Speaker 3: Yeah, but we still listen to them.
• 17:50
  Speaker 2: Yeah, well, that'll teach you, right? All right. So, hey,
• 17:55
  Speaker 2: just tell us your website again. It's nenner.com, correct? N-E-N-N-E-R?
• 18:01
  Speaker 3: I think it's my first name. I made a promotion
• 18:04
  Speaker 3: because it's now King Charles, so it's charlesnenner.com.
• 18:09
  Speaker 2: All right. Well, the link is in the show notes
• 18:11
  Speaker 2: to this interview. on FinancialSurvivalNetwork.com. And yes, it is CharlesNenner.com.
• 18:19
  Speaker 2: And as always, we appreciate you coming on. If you've
• 18:21
  Speaker 2: got a question for Charles, myself, shoot me an email,
• 18:24
  Speaker 2: but go get his trial subscription. I promise you, you're
• 18:28
  Speaker 2: going to be happy that you did and you'll become
• 18:30
  Speaker 2: a subscriber because cycles, everything goes by cycles, seen it
• 18:35
  Speaker 2: over and over again. And the only guys who call
• 18:38
  Speaker 2: these markets right are guys like Charles and who are
• 18:42
  Speaker 2: looking at the cycles. Right.
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  Speaker 3: And if you want to know that cycle that we
• 18:47
  Speaker 3: showed last year, that gold would top and go down
• 18:50
  Speaker 3: into August, then send an email and I'll ask the
• 18:53
  Speaker 3: guys if they can send it to you.
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  Speaker 2: All right. Beautiful. Yeah, you've been right on the money.
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  Speaker 2: Appreciate you coming on, Charles. And we will talk to
• 19:00
  Speaker 2: you soon.
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  Speaker 3: Okay. I hope we have a better time soon.
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  Speaker 2: Let's hope that the cycles are wrong for once, but
• 19:08
  Speaker 2: don't go betting your life savings on it.
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  Speaker 3: No, no. I won't count on it.
• 19:12
  Speaker 1: Thanks for listening to Cary Lutz's Financial Survival Network. Your
• 19:17
  Speaker 1: solution to today's trying times. For the latest, go to financialsurvivalnetwork.com.
• 19:23
  Speaker 1: Financial Survival Network.
• 19:25
  Speaker 3: Now more than ever.