What are the cycles saying about gold these days? Kitco News speaks with managing director at Charles Nenner Research David Gurwitz to find out if gold has bottomed. “Long-term cycles have bottomed,” he says. “[But] just because the cycles bottom, it doesn’t mean it is ready to go right away. They can stay bottomed for a while.” In his last interview with Kitco News in September, Gurwitz called gold's bottom near $1,120 in November. He says that he expects gold to return to its highs and points out two targets for investors to watch: $1,244 and $1,282. Gurwitz also comments on the dollar and says he expect the currency to top out early next year, while the euro will regain strength. Tune in now to find out how he sees silver, stocks, oil and bonds set up for the coming year and what signals the cycles are telling him. Kitco News, December 10, 2014
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After Calling Gold's November Bottom, What's Next? - Cycles Analyst David Gurwitz | |
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