Recent Report:
Weekly Report: 2 days 14 hours ago
Concerns that there is an economic slowdown put pressure on the equities markets overseas, which carried over into the U.S. markets today. As reported by Bloomberg News, “Volatility continued to grip financial markets, with U.S. stocks heading to their lowest close since April and Treasuries rising alongside the yen, as mounting concern over the health of the global economy overshadowed positive trade developments and signs of strength from the American consumer.” Although the Dow Jones Industrial Average closed off of the lows today, it still resulted in a decline of 2%. The Dow closed at 24,100... Read more
Track record of gold trades
Trading one contract (100 oz.) of gold with $10k balance.
| Year | $ +/- | % Gain/Loss |
|---|---|---|
| 2010 | $30,150 | |
| 2011 | $25,570 | |
| 2012 | $22,350 | |
| 2013 | $14,500 | |
| 2014 | $9,660 | |
| 2015 | $-2,630 | |
| 2016 | $28,600 | |
| 2017 | $5,900 |
Trade Alerts
With our timely trade alerts sent via e-mail and text message (SMS), you won't miss an opportunity to make a trade. Moreover, these alerts will eliminate having to constantly monitor the markets and your trades.
SMS feature is available in 150+ countries
Money Management
Money management is an essential component of a successful trading strategy. We use stops to define risk, and maximize profits.
• Stops limit loss exposure to a redefined amount & lock in profits by trailing them tighter when a trade moves favorably
• Defines risk and reward, thereby removing any emotional influences.
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 Gary Wagner
Gary S. Wagner is the executive producer of The Gold Forecast. He has been a technical market analyst for over 35 years. He’s written for Kitco News, Stocks & Commodities Magazine, Futures Magazine, and Barons. Gary has been a speaker for many financial seminars like Dow Jones Financial Symposium or Futures West. He coauthored “Trading Applications of Japanese Candlestick Charting” and was mentored by many great technical analysts like John Bollinger and Larry Williams.
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 help us identify key pivot points. They 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.
Introduction to our service
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.
About our company
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
It is Thursday, 5:00 PM Eastern standard time, and in just five days and 21 hours, the Federal Reserve will begin its final FOMC meeting for the year. This final Fed meeting of 2018 could prove to be an interesting one, as Chairman Jerome Powell and other Fed members attempt to send a mixed message, as they most likely raise interest rates for a fourth time this year and simultaneously convey a more dovish monetary policy than it has in the past. Currently, the CME’s FedWatch tool predicts that there is an 79.2% probability that the Federal Reserve will raise Fed funds rates to between 2.25% - 2.5%... Read more
When the votes were tallied, Theresa May received 200 of the possible 370 allowing her to win the vote of confidence-no-confidence held by the conservative party today. This confidence vote will allow her to continue her work in creating and implementing an exit strategy for Britain to leave the European Union, commonly referred to as Brexit. The delay of the no-confidence vote had put tremendous pressure on the British pound as well as the euro dollar as it trades against the US dollar. It is been recent dollar strength that has put tremendous bearish pressure on gold prices on Monday and Tuesday... Read more
Once again, we see the U.S. dollar dominating price action in the precious metals. With the exception of gold, metals including silver, platinum, and palladium all traded higher on the day. Palladium scored the highest gains by far and, even with the dollar strength, was able to close up $16.40 on the day for a 1.42% gain with futures fixed at $1,175.10. Noteworthy is the fact that silver, platinum, and palladium were all able to overcome dollar strength today with all three precious metals trading with positive gains on the day. Gold was the only precious metal to close lower on the day. The most... Read more
In light of an extremely strong U.S. dollar, gold is holding up quite well today. We only need to look at the KGX (Kitco Gold Index) to illustrate that point. As of 5:00 PM Eastern Standard Time, spot gold is currently fixed at $1,243.30, which is a net decline of $4.40 on the day. Today’s decline is 100% the direct result of a strengthening U.S. dollar, which is accounting for a decline of $5.20 per ounce. Normal trading is actually bidding the precious yellow metal higher by $0.80, resulting in today’s decline of $4.40. The U.S. dollar is currently trading up 7/10 of a percent, a total of 68... Read more