It’s Friday and Gary Wagner is back on Kitco News to make sense of all the ‘drama’ that has happened this past week in the market. Gold hit a high of $1,307 an ounce Thursday and Wagner says, on a technical basis, there is a “defining trend that this market has moved up.” He adds that the gold market is in unusual territory right now with it moving higher in tandem with the U.S. dollar and U.S. equity markets. Looking to next week’s Federal Reserve monetary policy meeting, Wagner says that there could be a surprise but he’s “not convinced that we require, in the United States, the same type of drastic reaction as we’ve seen in Europe.” Get his in most recent in-depth analysis of the gold market here on “Chart This!” Kitco News, January 22, 2015.
What a week it’s been for the gold market and who better to makes sense of it all than Gary Wagner on this latest edition of “Chart This!” Just like most market participants, Wagner was just as shocked by the Swiss National Bank’s announcement on Thursday, which pushed gold prices to a 4-month high. “The news that came out was absolutely and utterly a surprise to everyone,” he says. “The captain turned the ship, in other words, the Swiss decided to decouple the Franc from the euro and that sent markets into a tizzy.”Wagner also comments on the correlation between the U.S. dollar and gold, and compares the yellow metal to a salmon swimming upstream. “Whenever you look at the dollar as it compares to gold…a tandem move simply means that gold has enough velocity to be able to overcome any...
Kitco News ends the week with Gary Wagner as he looks at how gold is setup ahead of December’s nonfarm payroll report. Last time Gary was on the show, he highlighted key levels for gold ranging from $1,180 to $1,254. Have his levels since changed? Tune in now to find out what the charts are telling him about the gold market for 2015. Kitco News, January 9, 2014.
Gold Forecast for 2015. Both Part I and Part II can be viewed from this page.
We look at 2 models. Part 1: The first model focuses on the most recent rally in gold and the fact that prices were unable to breach or rise above the previous high of 1254. This pointing to a counter trend with the bear market intact. We will look at potential lows. Part 2: The second of these two models looks at the most recent oscillation in gold prices as a beginning of some sort of a compression triangle. If this is the model we see unfolding we will see gold break to the upside after coming to the apex of the triangle. Published on Dec 19, 2014
After a month-long hiatus, Gary Wagner is back on Kitco News to talk about gold ahead of the nonfarm payrolls data. Wagner talks about the recent volatility in the gold market and shares his thoughts on whether or not the market is being driven by fundamentals. "We've had a small rally, which I think was technically based," he says. "We now have a higher low, we do not yet have a higher high though." Wagner also talks about his new commentary on Kitco called Hawaii Six-O, which is posted every day at 6PM eastern time. Tune in now to hear his in-depth analysis of the gold market as we approach the end of the year. Kitco News, December 5, 2014.
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Published on Oct 31, 2014
Gold hit a four-year low this morning, reaching levels not seen since July 2010. Kitco News speaks with Gary Wagner to find out what clues the charts are giving him about gold’s next move. Gary offers an in-depth look into the market as gold breached the key support level of $1,180 that Gary has been pointing out for the past month. Is Roubini’s call for $1,000 gold right? Tune in now to the latest edition of “Chart This” to find out. Kitco News, October 31, 2014.
TGF! “Chart This” is back and Gary Wagner shares his insights on the gold market for the week. As we near the tail end of the year, we ask Gary what is the key level he is eyeing. “The question that I’m looking at is whether or not we can hold $1,200,” he says. Gary also says that the gold market may have more than one enemy: the U.S. dollar and equities. Tune in now to find out what new levels he’s looking at for gold and to get his latest technical levels on silver. Kitco News, October 24, 2014.
Kitco News wraps its 5-year celebrations with Gary Wagner to see what he thinks of all the market volatility that took place this past week. Gold hit a 5-week high on Wednesday as panic stirred in the marketplace. “I tend to look at these most recent climbs more on a technical basis,” Gary says. “And on a technical basis…there could be possibly some more moves to the upside.” He adds that he will be looking at whether or not gold’s move up was simply a bounce or if the metal has really found its bottom. Tune in now to find out what the charts are telling him about the gold market for the coming week. Kitco News, October 17, 2014.
Gary Wagner shares his thoughts on gold’s recent price action on this edition of “Chart This!” Wagner says he sees the $1,200 level now becoming support for the gold market if a little rally comes into play. “We saw a real hefty bounce today,” he says. “The $1,180 [level] still holds [as well].” Looking over at silver, Wagner says he sees a ‘disconnect’ in the market because the economy seems to be picking up and yet the industrial metals are struggling to hold gains. “I really see a basic disconnect between the industrial precious metals and what we’ve seen in the equities markets.” Tune in now to see what levels he is looking at for gold this week. Kitco News, October 6, 2014.