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November 22, 2016 - 3:03pm

We don’t know how this new President will act and what kind of environment we’ll live in,” Gary Wagner of thegoldforecast.com told Kitco News at the Silver & Gold Summit in San Francisco. For that reason, he expects exciting times ahead for the precious metals markets. “Gold can move either extremely higher or lower, I don’t think we’ll see a flat market next year.” 

November 4, 2016 - 3:25pm

With October jobs data in the rearview mirror, all focus has shifted to Tuesday’s U.S. election where the American public will finally decide who will be the next President. And, according to technical analyst Gary Wagner, gold investors will also be on the lookout, potentially holding the metal’s price above $1,300 an ounce. ‘Going into the election, I would expect precious metals and specifically gold to continue to act as a safe haven,’ he told Kitco News Friday. ‘I think it will trade above $1,300 going into the election and if the polls continue to tighten, I would expect that to be a very strong motivating factor to move gold higher.’

August 19, 2016 - 5:17pm
Published on Aug 19, 2016

Gold prices close the week lower ahead of the big central bank meeting in Jackson Hole, so what is the best way for gold traders to play this market? According to veteran technical analyst Gary Wagner of thegoldforecast.com, gold prices need to hold key support at $1,330 an ounce. On the upside, Wagner said he would like to see the market break above $1,370.

Gold prices settled flat on the week with December gold futures settling at $1,346.20 an ounce Friday. However, Wagner told Kitco News he thinks gold’s downside potential is limited. ’I think what we’ve seen with the decline in prices this week was really factoring in the expectation of a rate hike this year. That is now factored into the market,’ he said. As markets shift focus to...

August 4, 2016 - 6:00pm

Gold prices ended the U.S. day session modestly higher Thursday, boosted by the announcement from the Bank of England that it is easing its monetary policy for the first time since 2009. Traders and investors are now awaiting Friday morning’s July U.S. employment report from the Labor Department. The key non-farm payrolls number is expected to show 180,000 jobs were created last month, explains Gary Wagner of the popular website, thegoldforecast.com. He noted that tomorrow's number will be key for the metal. Wagner is sticking to his previous gold call of $1,450 an ounce. Gold rose even as the dollar climbed, which tends to be negative for commodities priced in the currency. A stronger dollar tends to diminish the appeal of assets priced in dollar terms. December Comex gold futures...

July 12, 2016 - 5:44pm

Despite gold’s pullback, settling the day at $1,335.30 an ounce, veteran technical analyst Gary Wagner say he remains bullish. So much so, gold may rally to $1,445 over the next three months, he told Kitco News Tuesday after the close. Gold prices are struggling amid rallying equities and crude oil prices. Is oil stealing gold’s thunder? “We’ve seen fireworks in gold,” he said. “My sense with oil is that we could see sparks but we are not going to get the kind of fireworks we’ve been getting with gold and silver.”