A Pause In Our Program | The Gold Forecast

A Pause In Our Program

June 6, 2014 - 6:05pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

Yesterday we sent out a buy recommendation

We bought gold at 1253.20 and we bought silver at 19.03

Stops

Gold below 1232

Silver below 1850

 

Gold Market Forecast

Following the dramatic price decline we witnessed in gold last week, the fact that we closed roughly a half a percent higher on the week is a good sign that prices have found support. Yesterday’s announcement by the European Central Bank was the spark that ignited gold prices to move higher on the day.  Yesterday we issued a recommendation to buy gold and silver. Today’s weekend review will detail the rationale behind it, along with an explanation of how we determined where to place our stops.

Sentiment Indicator: