Dow Breaks 20,000 – Precious Metals Tumble | The Gold Forecast

Dow Breaks 20,000 – Precious Metals Tumble

January 25, 2017 - 4:38pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
On Thursday, January 3,  we sent out a special trading alert recommending the initiation of long positions in both gold and silver. We added to the long gold with addtional position at 1203
Today we pulled small profits on ALL long positions. We are currently flat with no active trades.
 
 
Gold Market Forecast

Today was certainly a risk on environment, as traders and investors witnessed a historical event as the Dow Jones industrial average broke sharply above 20,000.

This investor environment which favors equities has certainly put pressure on safe haven assets such as gold and silver.

As such we exited all of our long positions with small profits. On today's video report we will detail our current levels that we are looking to find support in gold.

Trending Markets Forecast
Editor’s Note:  We have finished the streamlining and delivery of the trending markets module and have incorporated it into the daily and weekend Gold Forecast video's.
 
You will now see the additional markets commentary and the gold forecast all contained within a single report.
Sentiment Indicator: