| The Gold Forecast


March 31, 2014 - 4:34pm

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.

March 24, 2014 - 2:24pm

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...

March 17, 2014 - 7:04pm

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.

February 28, 2014 - 8:29pm

Kitco News speaks with Gary Wagner to get his take on gold's movements this week and where he sees the yellow metal headed in the near term. Wagner also comments on Janet Yellen's testimony before the senate Thursday and how he sees her affecting gold in 2014. "We're not in a full blown thriving economy yet," he says. "As we kind of work that out, I think that could be bullish for gold." Wagner also says that he thinks gold has been acting as the 'ultimate barometer' of market sentiment and uncertainty. Tune in now to watch the gold forecaster's inserts for this week. Kitco News, February 28, 2014.

February 19, 2014 - 12:08am

Kitco News kicks off the week with Gary Wagner's analysis of the gold market after breaking above $1,300 on Friday. "It certainly signals a major change in market sentiment," he says. Wagner adds that it is interesting how gold and equities are rallying at the same time. "It is a fairly rare occurrence to see gold and the equities markets run in tandem," he says. "And that tends to happen only when you have a scenario in which the Fed continues its loose monetary policy." Looking further at the U.S. economy, Wagner says he is certain it is improving. "The question is how quickly is the recovery coming along?" Tune in now to get more of Wagner's gold market analysis and hear where he expects the yellow metal to move next. Kitco News, February 17, 2014.

February 11, 2014 - 2:50pm

Kitco News talks to Gary Wagner about gold demand in the aftermath of the Chinese Lunar New Year and looks at what could happen to the markets given that Janet Yellen will testify, for the first time as the new Chairwoman, in front of the House Financial Services Committee Tuesday and then infront of the Senate on Wednesday. Wagner says that the end of the Lunar New Year in China may have an effect on the gold market but if it does, it will affect the markets 'very slightly.' Looking over at the U.S., Wagner says everyone will be closely listening to Yellen's speech to find any clues of how she may handler her new position. "My sense is that she's going to want everyone to see a very transparent and smooth transition from Bernanke to herself," he says. "So, I would look for, if...

February 7, 2014 - 1:13pm
February 10, 2014 - 12:34am

Kitco News speaks with Gary Wagner about gold prices, India's gold import tax and Wednesday's FOMC meeting on this edition of "Chart This!" According to Wagner, gold's rally last Thursday pushed the market above an important resistance line. "That, to me, on a technical basis, is extremely optimistic and extremely bullish in my opinion," he adds. Looking at news coming out of India, Wagner says that if the government were to loosen the taxes on gold, it would be another bullish factor for the yellow metal seeing as India is one of the largest purchases of the metal. Finally, Wagner comments on Wednesday's Fed meeting, where the new chairwoman Janet Yellen will take the helm. "You can never really tell what the Fed is going to do, especially this being Yellen's first meeting where she...

January 22, 2014 - 11:30pm

Kitco News speaks with Gary Wagner about gold and silver as markets close for Martin Luther King Jr. Day. Wagner says that gold is currently at an important crossroads and a lot can be deduced from its next move. “We’re right at the point at which if [gold] breaks through the resistance line it’s a very bullish signal. If it backs off, it tells us something different,” he says. “Gold is attempting to find footing.” With regards to silver, Wagner says that it is reacting a lot differently than the yellow metal. “It has been trading in a defined range,” he says. “If you look at a gold chart and compare it to a silver chart where you see a nice little rally that has developed in gold…silver has almost been flat lined.” Wagner focuses on this crossroads for gold. “I think that this will be...

January 5, 2014 - 6:23pm

Gary Wagner is on Kitco News to share part two of his 2014 gold outlook. "I do believe that through the end of the year, we could see lower pricing [for gold] and we could stay under $1,200," Wagner says. With regards to last week's Fed taper announcement, Wagner says what is interesting to note is the fact that they intend to maintain low interest rates. "Of course, low interest rates are a bearish scenario for the precious metals markets," he says. "I am looking for the market to bottom at $1,150-$1,181. If it cannot hold that area, $1,042 is the next stair we would logically look at." Watch now to hear which precious metal he expects to shine the most in 2014 and to hear his analysis on the equity market, gold market and quantitative easing. Kitco News, December 23, 2013.