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Message: David Bensimon on BNN

I saw him talk at the World Outlook Conference and he had a very interesting presentation on Gold. His model showed that on a time and price log scale, the corrective phase for the price of gold has already been met and the final date on the time horizon for the correction is June 2 with a minor correction bottoming on March 9 which was correct.

His 2014 $2600 target is based on a wave 5 move multiple of wave 3 and part of the overall 68 year gold cycle of which the current one began in 2001. His cycle history begins in 1792 around the French Revolution followed 68 years later by the 1860 election of Abraham Lincoln which ultimately set the stage for the American Civil war and then another 68 years up to the eventual stock market crash of 1929 which led to the election of FDR and the Roosevelt Gold Confiscation Order on April 3, 1933.

The events of 1933, sealed the fate of sound money and has led to in an inflationary environment ever since as there is nothing stopping the federal reserve, treasury and central banks around the world from expanding the money supply which is exactly what they are doing in the face of asset deflation and credit destruction.



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