The Financial World Falling Apart At The Seams | The Gold Forecast

The Financial World Falling Apart At The Seams

September 1, 2015 - 5:41pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

Last night we sent out a special trade alert recommending that you initiate a long position in gold. Traders taking that call entered the market at roughly 1140.

Maintain current long position in gold at 1140

Maintain current stop in gold below 1129

Gold Market Forecast

As we followed price changes in markets across the board and globally we witnessed a sea of red with the vast majority of both global equities and commodities trading lower on the day. About the only market that traded higher on the day was gold.

Given the current scenario and economic possibilities globally, one of the better safe havens is the precious yellow metal. If we see continued pressure in the U.S. equities markets we should see continued downside pressure in the US dollar. That would bode well for precious metals prices.

It is our current take that we could see a nice upside spike in gold.

Trending Markets: Proper Action

Although we currently have no active positions, we believe that there are some really strong opportunities that have become available to us in the markets that we follow. 

Trending Markets Forecast

Today’s downside move in U.S. equities certainly alludes to a continuation of the bearish sentiment that has been building in these markets for some time. US equities along with European equities are absolutely trading in sympathy with a devastated Chinese stock market and their slowing economy.

Crude oil has also had a dramatic 180° turn as it points back to the south or lower pricing.

These are the two primary markets that we will look to enter from the short side. A special trade alert will be sent to notify you of our immediate trade signal and stop recommendation

Sentiment Indicator: