No Time Left, Gold & Silver to Go Sky High
Either something huge is coming to the financial markets, or something huger, or even huger yet lurks.
Consider the following, though not close to being all inclusive of the warning signs riddled throughout the global geopolitical-financial landscape.
And all of those troubling events, and many more, are unarguably traced to a coming collapse of the U.S. dollar. The world has been dependent upon the dollar for trade and banking reserves for 68 years, and it’s removal as a working global exchange vehicle cannot lead to anything favorable, financially or politically. History tells us so.
Adding to the chorus of dollar collapse prognosticators comes the folks at Charles Nenner Research Center, an outfit that’s been on a long winning streak of successfully predicting with astounding accuracy the cycles of the gold market, currencies and equities.
Nenner warned of an intermediate top in gold as it crossed $1,900 and not to expect anything too troubling for the euro during drama surrounding the crisis in Greece.
Though not as well-known as heavyweights John Taylor of FX Concepts or the parade of guests of Eric King’s King World News, Charles Nedder’s work deserves a fair amount of attention.
Though his demeanor on camera appears somewhat awkward and unpolished, the man who frequently wears a yamaka on air has outshone the best analysts of economic and market cycles. He doesn’t mince too many words and gets to the point rather quickly during his interviews.
Speaking with Financial Survival Network host Kerry Lutz, managing director of Charles Nenner Research Center, David Gurwitz, says Nedder’s research indicates that gold should easily go to, "for sure, $2,100, $2,500" per ounce as the world begins to scramble out of the U.S. dollar—the world’s reserve currency that, he predicts, will collapse within 15 to 18 months.
"Gold is going to $2,100, $2,500 and silver should go back up to $49 . . ." says Gurwitz.
Moreover, Gurwitz says Nenner expects a strong euro against the dollar in the coming year, or so—a prediction that’s also consistent with other extreme dollar bears, such as Europacific Capital’s Peter Schiff and ShadowStats’ John Williams. Both Schiff and Williams see 2013 as the turning point in the dollar’s relative strength against other major currencies. And all three forecast a dollar collapse within two years to 30 months.
"Our dollar should fall apart in about 15 to 18 months, which is just going to create a whole mess of things," says Gurwitz. "And the euro will be the currency of choice, which it is now, believe it or not. And he [Charles Nenner] has been saying to people for a while, ‘don’t short it; don’t short it; don’t short it’ and he’s been right."
In March of 2011, Nenner told Fox’s Bull and Bears the DJIA would drop to 5,000 and that war would break out by the close of 2012.
In May of 2012, Nenner told Bloomberg if the weak nations of the eurozone left the supranational currency, the euro would take over the role as the safe haven currency, which suggests, maybe, that a resolution of the global financial crisis will include some, or all, of the PIIGS leaving the common currency by 2014.
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