Recent Report:
Daily Report: 12 hours 46 min ago
Words of elegance rarely fall from the lips of many T.V. financial commentators as they report events that revolve around the world of business news. That’s not their job. Their task is to report financial news in a concise and factual manner, which for the most part they do extremely well. However, I was quite surprised today when a Financial commentator on the Fox Business Network called and I believe coined the upcoming massive liquidation of the Fed’s $4.5 Trillion-dollar balance sheet as “The Great Unwinding.” Referred to as the process of quantitative “normalization” by many Fed Members,... Read more
Trading System
The system that we use for trade recommendations is a hybrid method in which we combine fundamental data with three primary technical studies.
We look at fundamental data for the "big" picture, which we weave into our technical studies. These studies will help identify key pivot points. They will also provide us with the timing for entrance and exits of trades, as well as stop placements.
The three technical methods we combine are Japanese Candlesticks, Elliot wave theory and Fibonacci retracement.
The Gold Forecast
The Gold Forecast was created for investors and traders of all levels. Each day we publish a five to ten minute video containing concise, easily-digestible visual and verbal information, conveying precision technical market insights. All blended with the day’s most important fundamental news.
Trending Markets
Trending markets is an ancillary module for use with your Gold Forecast subscription.
It covers additional markets such as the S&P 500, US dollar and crude oil. The primary purpose for this service is to provide us with quality markets to trade when the precious metals markets are range bound, or when these markets present trading opportunities.
Endorsements of Confidence
Gary is one of the most skilled technicians I have met during my time covering the markets. Dedicated, reputable and skilled…
Daniela Cambone
Editor-in-Chief, Kitco News
About The Gold Forecast
Wagner Financial Group is the producer of the Gold Forecast.
Based in Honolulu, Hawaii, our company is comprised of a dedicated group of trading, technology, and finance professionals who apply their experience, teamwork and innovation towards a common goal - helping traders succeed.
Previous Reports
In their first meeting since July, the Federal Reserve has indicated that there will be one more interest rate hike this year, which is scheduled for December. They also announced the date when they will begin to liquidate portions of their massive $4.5 trillion balance sheet. This will begin in October. The Fed have laid out a schedule in which they will reduce their balance sheet by $10 billion per month and increase their asset liquidation by $10 billion per quarter. This will go on until the cap is reached at $50 billion per month. Aside from the start date, this timetable was already disclosed... Read more
In classic Trump style, the President of the United States has given the North Korean leader Kim Jong-Un a new nick-name. “Rocket Man is on a suicide mission for himself and for his regime.” In his first speech to the United Nations, using his strongest words yet, President Donald Trump delivered a warning to North Korea. He stated that the U.S. would ”totally destroy North Korea” if forced to defend itself or its allies. “No nation on Earth has an interest in seeing this band of criminals arm itself with nuclear weapons and missiles,” Trump said of North Korea, calling the North... Read more
U.S. equities closed solidly higher today, continuing the risk-on environment that has been prevalent in the marketplace. The Dow Jones closed up 63 points, with the S&P 500 as well as the NASDAQ closing moderately higher on the day. This, coupled with the upcoming FOMC meeting which begins tomorrow, has resulted in sharply lower pricing in precious metals with the exception of palladium. Although it is widely anticipated that the Federal Reserve will not initiate another rate hike this month, they are expected to begin a period of “quantitative normalization” in which they will begin to... Read more
The “Writing on the Wall” is an idiomatic expression suggesting portent of doom or misfortune, according to Wikipedia. This expression is based on the story of Belshazzar's feast in the book of Daniel. During the feast, Belshazzar sees a hand writing on the wall which he believes is foretelling the fall of Babylon. I reference this expression as it relates to the regime in North Korea and their desire to become a nuclear power. The rogue nation continues a major show of defiance to the international community as it fires a second ballistic missile over Japan, immediately after testing a nuclear bomb... Read more