Technician Charles Nenner: Beware If You Own Bond Funds; Looking to Re-enter Gold at $1640

Jim welcomes back noted technician Charles Nenner to the program. Charles sees one more test of S&P 1400, which he believes will fail. He also sees a war cycle to begin at the end of 2012 or beginning of 2013. He also believes there will be a major bond crisis coming by 2014. In addition, Ryan Puplava gives his Market Wrap-up for the week, and Rob Bernard discusses recent municipal bankruptcies in California in the Fixed Income Report. Lastly, Jim will answer Q-Calls this segment.

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.

In 2001, Charles Nenner founded, and is president of the Charles Nenner Research Center. Mr. Nenner has provided his independent market research to the following entities all over the world: hedge funds, banks, brokerage firms, family offices, and individual clients.

Rob joined PFS Group in 2011 as an independent broker. With over 30 years of experience in the investment management industry, 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.