Gold goes up following ECB, what will happen after nonfarm? Kitco News speaks with Gary Wagner to talk about employment data and how he expects the report to affect gold prices. Wagner also discusses critical levels he is looking at for the metal. Last week, Wagner said he was looking for a close above $1,262 because anything below that would indicate continued downside pressure for gold. The next critical level for Wagner is $1,232. "If it does not hold, [gold] might make a play for $1,181, which is the next level of support," he adds. Wagner says the bears are 'running the show' and expects Friday's employment data to be neutral or a little bearish for gold. Tune in now to hear his in-depth analysis of the gold market for the rest of this week. Kitco News, June 5, 2014.
Kitco News heads into the weekend with Gary Wagner to discuss gold's lower prices and to see what the charts are telling him! "I don't know about the $1,000 level," he says when asked if gold could reach that price point. "The critical number to me is $1,262." However, Wagner says that if that level cannot hold and the market continues under pressure, he will be looking at $1,232 for the metal. Tune in now to get his in-depth analysis of the gold markets and learn how he uses key technical tools to determine price points for the metal. Kitco News, May 30, 2014.
Kitco News is back with Gary Wagner to talk about his key levels for gold and how he sees the market set up for the coming week. Last week, Wagner was looking for the $1,268 level to hold and said a breach on the downside would be negative for the gold market. "We're really seeing a [gold] market that is being driven by events as opposed to economic factors alone," he adds. On this edition of "Chart This!" Wagner will be teaching viewers how to find particular support & resistance levels in the gold market as well as look for signs as to whether or not the market is forming a base in this area. "I do not believe we have sustained any critical long-term damage [in gold]." Tune in now to get some of Gary Wagner's exclusive insights on the gold market. Kitco News, May 9, 2014.
Gold prices were up on Friday, but is this a sustainable rally? Gary Wagner is on Kitco News to talk about the charts and where he sees the metal headed. "Everybody was eyeing the nonfarm payroll report that came out this morning," he says. "Last time we spoke, I was looking for the beginning of a sustained rally in terms of the gold market...to be honest, I've been disappointed." Wagner also comments on the silver market and shares some of his key technical trading tools with the viewers. Tune in now to learn more about trading, the gold market and more! Kitco News, May 2, 2014.
Kitco News ends the week with Gary Wagner, focusing on gold's volatility Thursday and how he sees the yellow metal set up for the heavy economic data week coming up. Wagner says that because the gold market really moved up from its lows, he believes that there's a possibility a sustained rally is beginning. "I believe that it is very likely that we could in fact see [the gold market] break out, and I would look for it to possibly break out to the upside." Looking ahead, Wagner says he will be watching next week's U.S. GDP and employment numbers closely. "But what I really think has been moving this market more than anything else is the current crisis in the Ukraine," he adds. Tune in now to get his in-depth analysis on gold and learn more about finding key pivot points in the market....
With a small selloff in gold earlier this week, Kitco News speaks with Gary Wagner to discuss what happened and where he sees the yellow metal headed. "We've had an interesting scenario," Wagner says. "I would expect a little bit more downside pressure [for gold] next week." Wagner also comments on the Fed Beige Book and Janet Yellen's remarks on Wednesday and shares his insights on the corrective wave that he says gold is now in. "The pressure that we saw ...I believe was the beginning of that final down wave," he says. "We're now in our final...C-wave. Once that concludes, we could have a fairly substantial rally." Tune in now to hear what analysis Gary Wagner has brought to "Chart This!" for the long weekend. Kitco News, April 17, 2014.
Kitco News speaks with Gary Wagner to wrap this positive week in the gold market. Wagner says that although gold hitting a 2-week high on Thursday is noteworthy, it was also expected. "We will see one more corrective wave before we go into a fairly substantial rally in about 2-3 months," he adds. In his previous interview, Wagner's analysis looked at how to locate key pivot points in the marketplace. This week, he will show gold traders techniques and models used to forecast some of the key levels he is looking at for gold. "We're looking at the market right now, in terms of our current forecast, to run anywhere between $1,342 and $1,362 on the high side." Tune in now for a more in-depth look at the gold market with Gary Wagner. Kitco News, April 11, 2014.
Kitco News speaks with Gary Wagner to see what happened with gold as it hit a 6-week low last week. "Although we're seeing lower pricing in gold, it's still up 50% from where the rally began in the beginning of January," Wagner says. "On Friday, the market closed roughly in the area of $1,293 - that could be a potential bottom and an end to this corrective wave." Wagner also touches upon the much anticipated jobs numbers report, coming our Friday, and how he thinks it may affect the gold market. "Now, I can't address what those [jobs] numbers might be but I can tell you we could be in for some big fireworks come Friday." Tune in now to hear if Wagner is ready to call a bottom for gold. Kitco News, March 31, 2014.
Kitco News gets Gary Wagner's take on gold prices last week and where he sees the yellow metal headed. Wagner says that gold's price movements following Wednesday's Fed announcement was simply a corrective action in the market. "We've seen a $200 move [in the gold market], and when you see that kind of move, corrections or rounds of profit taking are not only to be expected but I believe they are very healthy for the market," he adds. Looking over at silver, Wagner says the metal has been struggling to keep up with gold's movements and says that the metal's next move is anybody's guess. He also comments on the upcoming GDP numbers expected to come out later this week and says he will be closely watching the data. Tune in now to get an in-depth analysis of the gold market and hear why...
Kitco News kicks off the week with Gary Wagner to find out what he makes of gold's recent price movements. He says that although there is evidence that we might be entering a 2-year long gold 'supercycle,' he still needs proof from market technicals before he is 100% sure. While Wagner is optimistic about the yellow metal, he does not have the same conviction on silver. Tune in now to his analysis as he gives a macro view for the yellow metal. Kitco News, March 17, 2014.