Charles Nenner was long gold from $1494 and closed the trade two days ago when it hit its short term cycle peak. Chareles believes that it will resume it’s upward trajectory in early summer 2020, eventually hitting a $2500. The Vix hit a high as predicted. Crude is still going to 36. Natgas hit a low of 1.77 per mm btu, another Nenner call. Charles’s target high for the S&P was 3389 and that’s where it landed. As long as there’s no monthly close below 3080 the bull market continues on. No real correction coming on bonds. Interest rates still heading down. No inflation ahead as the economy weakens. A recession/depression is still on its way.
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