Chinese Sanctions and Strategic Accountability Weigh Heavily on Gold

August 15, 2017 - 6:03pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action
Last Tuesday afternoon (8/8) we sent out a Trade Alert: Buy Gold @ Market.  Futures Traders Buy December 2017 gold At the Market (current 1269.9)  Stop  Below 1255
Friday we raised our stop to below 1280 which was hit today
Long gold @ 1270 and out @ 1278 for a profit of $8.00 or $800 per contract
Gold Market Forecast

Recent events have resulted in the liquidation of safe haven premium that was added to gold and silver pricing last week. On Today’s report, we will look at price target for this current sell-off. 

Sentiment Indicator: