Gold Traders Take Notice as The Fed Sits Up Lazily And Speaks

January 27, 2016 - 4:02pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

Yesterday we sent out a "Trade Alert" to go long gold – this following the same recommendation during our broadcast. Today we sent out a "Trade Alert" to first, raise stop, and second, to add to our long gold position.

Maintain long gold @ 1116 (1112 for those that entered on Monday) 1114 Avg

Maintain add on of postion @ 1120 (current 1125)

Maintain stops just below 1107

Gold Market Forecast

Over the last two weeks we have observed a real bottom forming in gold and the potential for an extended rally. View todays report for details on our exit strategy

Trending Markets: Proper Action

We are waiting to see if the S&P 500 can find support at the lows achieved during the August melt-down of last year.

Sentiment Indicator: