In 2010 and 2011, Charles Nenner predicted that the Dow Jones Industrial Average would fall to 5,000 in 2013, which ended up being completely wrong; however, maybe he just forgot to add that he thought the market would start to fall in 2013 when his cycles peaked. He actually told Bloomberg TV on March 4, 2013 that the current up-cycle would peak in 2013 and the Dow would fall to 5,000 by 2017-2018, which made more sense because the sunspot cycle was set to peak in 2013. According to WDC-SILSO (Royal Observatory of Belgium, Brussels) via Australia's IPS, the smoothed monthly sunspot number peaked in December 2013 and the observed monthly sunspot number peaked February in 2014. So Nenner was a few months off on his sunspot prediction.
Here is the sunspot cycle going back to 1985 courtesy of Hathaway/NASA/MSFC.
And here is the sunspot number since 2001 courtesy of WCD-SILSO, Royal Observatory of Belgium, Brussels.
Fox Business in 2011, Nenner also said, "I don't want to depress you, but I also do war and peace cycles and it shows that we're going to have a major war starting at the end of 2012 and 2013." That prediction ending up being spot on. In various interviews in 2010, he said the sunspot cycle, military conflict and deflation will be the catalysts that eventually send gold to $2,500 and the Dow to 5,000. So when putting it all together, it looks like the sunspot cycle predicts war and peace cycles, market cycles, and economic cycles pretty well.
In an interview with USA Watchdog in late May, Charles Nenner shared his views on gold, deflation, inflation, war, and interest rates. In summary, he believes: a) we are still following the Japan scenario, b) there will be a scare of deflation, especially in Europe, and then there will be high inflation and interest rates, c) gold will outperform silver and will hit his first target of $2,100, c) the U.S. dollar will start to "collapse" at the end of 2014 and, d) a big war is in the making. Thoughts?
Similar posts of interest:
Marc Faber and Robert Prechter's Differing Views on What to Own if System Collapses, U.S. Defaults (USD vs. GOLD)
CONTRARIAN'S CASE: WHY US COULD DIP INTO RECESSION (AP)
NEW YORK (AP) — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.
Employers in the U.S. are creating jobs at the fastest pace since the late 1990s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.
Maybe the rest of the world will sneeze this time, and the U.S. will get sick.
That's the view of David A. Levy, who oversees the Levy Forecast, a newsletter analyzing the economy that his family started in 1949 and one with an enviable record.