Previous Reports | The Gold Forecast

Previous Reports

Previous Reports

Chart This: Mon, 03/31/2014 - 16:34

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... Read more

After The Show: Mon, 03/31/2014 - 03:49

The video and report are from Fridays Weekend Review -------

We conclude a down week with little fundamental news to speak of.

Blame it on the Fed's March news conference, if you'd like, although we feel that was the pretense rather than the underlying cause. An overbought market is probably the real culprit, gold having risen so high so fast.

But even that is not the whole picture.

Enter Ukraine, Crimea and Russia. The tensions over that eastern European region gave gold a powerful boost. Like most crises, what goes up, must come down. Short of a full-... Read more

Weekly Report: Fri, 03/28/2014 - 15:41

We conclude a down week with little fundamental news to speak of.

Blame it on the Fed's March news conference, if you'd like, although we feel that was the pretense rather than the underlying cause. An overbought market is probably the real culprit, gold having risen so high so fast.

But even that is not the whole picture.

Enter Ukraine, Crimea and Russia. The tensions over that eastern European region gave gold a powerful boost. Like most crises, what goes up, must come down. Short of a full-scale shooting war and drastic economic sanctions, the international situation could... Read more

Daily Report: Thu, 03/27/2014 - 17:06

Gold was down again somewhat severely today essentially on technical selling, lack of physical buying and no safe-haven demand.

We did not experience a completely news-free day, nor did we see any drama in either the economic news coming out of the U.S. nor from the crisis in Ukraine/Crimea.

In the fourth quarter, the American economy expanded faster than previously estimated and new claims for unemployment assistance dropped to nearly a four-month low last week. Gross domestic product expanded at a 2.6% annual rate, the Commerce Department said today, up from the 2.4% rate it reported... Read more