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.
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.
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.
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...