Analyst Charles Nenner is another cheery fellow.
He discusses how commodity cycles typically work and why he believes inflation will pick up again. We’re in an inflationary period that will take about thirty years. We’re now seeing cycles with war, but he predicts there will be more tensions and problems by the middle of next year.
They work with price predictions to help evaluate price cycles. Cycles predict mass psychology and the opinion of investors. It’s based on an assumption that things don’t move randomly, but operate on basic laws of nature.
He believes the Fed will back off in its aggressiveness, at least until the inflation cycle starts back up.
Nenner says that the Baltic dry index shows what is occurring in the economy, and it tracks insider activity very well. He’s expecting further declines in equities, and it’s normal to get 10-20% bounces during bear market declines. He says "Don’t get drawn in because the big guys will take advantage."
Nenner says that the weekly cycles for gold and silver need to bottom for the next big move. Soon we’re going to see a bull market, we’re just waiting for confirmation. There is weakness in the dollar, and the relationship with other markets like gold tends to be complex. All is explained in the latest podcast from Palisade Capital.
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