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... Read more
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.
Kitco News looks at long-term gold prices with Gary Wagner on this edition of "Chart this!" Wagner discusses gold's significant decline in the last couple of months and the enormous downside pressure it is trying to overcome. According to Wagner, the two major components pushing down gold are higher equity returns and the strengthening US dollar. He also says that strong liquidity from ETFs are to blame for people moving out of safe haven investments such as gold. Wagner ends the segment with his detailed analysis of the April price correction. Kitco News, June 3, 2013.
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Kitco News welcomes back Gary Wagner on part 2 of last week's "Chart this! Long-term gold prices." Wagner tries to answer the question of whether gold is simply facing a correction or actually shifting towards bearish territory. Technically, Wagner explains how traders can use double bottoms to determine a trading entry point as well as a price point to determine whether trades are incorrect. According to Wagner, double bottoms provide a good amount of technical information that investors can use in day-to-day trades. Kitco News, June 7, 2013.
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