David Gurwitz of Charles Nenner Research: Silver Cycles Have Bottomed and Gold Cycles Close

Jim welcomes David Gurwitz, Managing Director of Charles Nenner Research. David currently sees the markets trading sideways with no signals to go short. He also notes silver cycles have bottomed and gold cycles are close to bottoming. Higher metals prices are still needed for a buy signal. In addition, Ryan Puplava checks in with his Market Update, and Rob Bernard with the Fixed Income Report.

Ryan joined PFS Group in 1995. He is Senior Trading Manager and works closely with Jim Puplava on PFS Group's Growth investment objective. He also contributes a monthly Market Observation to Financial Sense and co-authors In the Know—a weekly communication for Jim Puplava's clients only—with other members of the trading staff.

David Gurwitz is the Managing Director of Charles Nenner Research. He has been working with cycle forecaster Charles Nenner for almost a decade. The email based service provides unique analysis of stocks, bonds, currencies, commodities and economic indicators. As managing director, David speaks regularly with clients worldwide: hedge funds, family offices, pension funds, brokers and private individuals.

Rob joined PFS Group in 2011 as an independent broker. Rob holds a BS in Business Administration from San Diego State University, and his professional designations include FINRA Series 7, Series 31, Series 63 and Long Term Care and Variable Annuity Insurance Licenses. With over 30 years of experience in the investment management industry—including 11 years as a Senior Vice President at Morgan Stanley, as well as other asset management and administration experience at Prudential Securities, Wells Fargo Securities, and PaineWebber—Mr. Bernard's expertise includes: Income strategies, diversification strategies, specialized high-level corporate executive strategies, particularly with SEC Rule 144-related services, long-term care insurance and variable annuities.