| The Gold Forecast

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January 5, 2014 - 6:18pm

Continuing the Outlook 2014 series, Kitco News gets Gary Wagner's estimates for the yellow metal. Although gold has been struggling to gain momentum, Wagner says there are some signs of a potential bottom in the market. "In terms of Elliot wave[...]we are just finishing a 5th wave of a long move down," Wagner says. "Once that has concluded, according to Elliot wave theory, we're going to see a series of rallies." Overall, Wagner says the market is extremely oversold and the predominant mentality of traders has been bearish on gold. "Typically, you get bottoms in the market when it is really weighted in an extreme way to one side or another," Wagner says. "So, if everyone out there is really bearish, that tends to be the beginnings of any kind of a bull run," he adds. Wagner states that...

January 5, 2014 - 6:25pm

Gary Wagner discusses his next key levels for gold this week on Kitco News. According to Wagner, gold could react to Fed Chairman Bernanke's speech on Tuesday as well as jobs numbers due for release later this week. "My sense is that [the Fed] really can't begin to aggressively taper -- not this year -- and I'd be surprised if it was the first part of next year," he says. "I'm more under the belief that it's somewhere around March of next year when we would see tapering." Wagner also says to keep a look out for lighter trading volume this time of year given that many traders are out for the holidays. Tune in now to hear Wagner's latest forecasts for gold. Kitco News, November 18, 2013. Join the conversation @ The Kitco Forums and be part of the premier online community for precious...

January 5, 2014 - 6:26pm

Gary Wagner shares his thoughts on gold this week given that the ECB meets on Thursday and the U.S. jobs reports for October will be released on Friday. Wagner says that he expects further downside pressure for gold unless fundamentals change or at least the way people interpret the fundamentals. "My sense is that jobs aren't going to look great. The jobs report I think will come in weak and I think that we'll see increased volatility." Wagner also comments on stocks, PGMs and key Fibonacci retracements levels for gold. "If we can hold $1,300, we really have to take $1,331-$1,335 before I can really get bullish again," he adds. Tune in now for Wagner's insights and analysis on the gold markets. Kitco News, November 4, 2013. Join the conversation @ The Kitco Forums and be part of the...

January 5, 2014 - 6:14pm

The Fed, US dollar, Europe and stocks are all on investors' minds and Gary Wagner is on Kitco News to discuss what this all means for gold prices. With regards to Wednesday's FOMC policy announcement, Wagner says he doesn't expect anything "mind-bending" to come out of the meeting. "It is widely touted at this point that tapering really cannot begin this year and probably won't begin until Q1 or Q2 of next year," he adds. When looking at the correlation between gold prices and equities, Wagner says something interesting is developing. "You typically do not see both gold and the equities markets running in the same direction," Wagner says. "What we're getting now is the perception that 'no tapering' is bullish for equities as well as being bullish for gold." Finally, Wagner talks about...

January 5, 2014 - 8:36pm

The government shutdown is over, economic reports are back on track and Gary Wagner is on Kitco News to tell Daniela Cambone what this means for gold. "[The U.S. government] hasn't solved anything and that means uncertainty," Gary says. "Uncertainty of course is a bullish factor for gold." During the government shutdown, all government reports were postponed but now that it is over, the much-anticipated jobs numbers will be released Tuesday morning. "I wouldn't even fathom to guess what the outcome might be from that," Gary says. "It's going to be an interesting week." Tune in now to hear his key support and resistance levels for gold this week. Kitco News, October 21, 2013. Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals...

January 5, 2014 - 6:53pm

Kitco News speaks with Gary Wagner about last week's gold prices and what movements he expects to see this coming week. The marketplace is waiting for the October 17th deadline to see whether or not the US Government will default on its debt. Will the debt ceiling deadline be extended? Wagner also touches upon the recent announcement that Janet Yellen will be replacing Ben Bernanke as Federal Reserve Chairman, the first woman to ever hold the position. "The fact that Yellen was nominated is bullish for gold in the sense she is considered one of the more dovish members of the board," Wagner says. "However, the day the nomination came out, gold was lower but over two thirds of that was directly attributed to dollar strength." Tune in now to hear Wagner's key support and resistance levels...

January 6, 2014 - 5:51pm

Gold broke through $1,400 and Gary Wagner called it! Kitco News' Daniela Cambone talks to him about current gold prices and how he expects them to move in September. According to Wagner, there is a wild card at play in the markets. "That wild card is Syria. If any conflict occurs there, we can see dramatically higher prices." Wagner also expects September to offer real opportunities in investing and trading. Tune in now to hear his latest support and resistance levels for gold. Kitco News, August 30, 2013.

January 5, 2014 - 8:40pm

After having previously alerted us to a likely strong upside breakout in gold based on the charting methods illustrated for us thus far, Gary Wagner of TheGoldForecast.com takes a look back at what enabled us to predict this breakout, and gives us another tutorial on charting and stomaching the corrections in particular. Wagner also provides us his thoughts on the current markets, and why silver will likely outperform gold, despite the fact that it comes under more pressure and takes bigger hits when things go south. Tutorial begins @ 03:40 Kitco News, August 29, 2012.

January 6, 2014 - 5:53pm

Kitco News starts off the week with Gary Wagner from thegoldforecast.com to talk gold. Wagner briefly talks about famed investor John Paulson's move out of gold and discusses whether it contributed to the June selloff. Wagner is still calling for $1,400 gold and says that the market is in an "impulse phase," which is a bullish level of the market. "In a bullish market, it doesn't tend to go straight up; the market will take stair steps up," Wagner says. "It will take 3 steps forward then 2 steps back; and 2 steps forward then 1 step back." With regards to the metals, Wagner is long both on gold and silver. Watch now to hear his outlook for the precious metals' markets. Kitco News, August 19, 2013. Join the conversation @ The Kitco Forums and be part of the premier online community for...

January 5, 2014 - 8:42pm