The Crisis Before Christmas | The Gold Forecast

The Crisis Before Christmas

December 20, 2018 - 6:05pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This morning we went long Feb gold @ 1268.50 with a stop @ 1243.13

Maintain long feb gold and stop

Gold Market Forecast
Now that the final Fed meeting has come and gone there are three primary things we need to focus upon that I believe could in fact be extremely bullish for gold. The first of these things is whether or not there is a government shutdown in about a week. Secondly this current administration has seen the Muller investigation take deeper and deeper into many aspects and could in fact cause tremendous political turmoil next year. Lastly is the current trade dispute, or trade war with United States and China.
These three factors could certainly be extremely bullish influences on gold for the remainder of the year and the beginning of next year.
Sentiment Indicator:
Gold -> Bullish
Silver -> Neutral
S&P 500 -> Bearish
Bitcoin -> Bullish