22,000 Dow, Jobs Report, and Gold | The Gold Forecast

22,000 Dow, Jobs Report, and Gold

August 3, 2017 - 6:09pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Two weeks ago we sent out a Trade Alert to go long both gold and silver. Today we pulled profits on our gold trade when our stop was hit.
Long Oct Gold @ 1232.70. Out @ 1264, for a profit of $32.00 or $3200 per Contract
Yesterday our stop was hit on our Long Sept Silver @ 15.98.  Out @ 16.45 
For a profit of .47 or $2350 per contract
Total profit for trade is $5550.00
Gold Market Forecast

With Friday's jobs report, I am glad we will enter the day flat, with no active trades. We will re-group after the weekend to talk about our next set of trades.

Sentiment Indicator: