Fundamentals Out Of Focus | The Gold Forecast

Fundamentals Out Of Focus

January 6, 2015 - 4:25pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

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Gold Forecast: Proper Action

This morning we sent out a special trade alert suggesting that our subscribers initiate long positions in both gold and silver. The trade alert we sent out this morning is below:

We now have gold trading just at and above 1217 and silver at 1654.

Cautious Buy Signal: Buy gold at market, place stop just below 1200 

Cautious Buy Signal: Buy silver at market, stop just below 16.00

 


Maintain current long positions in gold and silver and maintain current stops.

 

Gold Market Forecast

This morning just prior to sending out a cautious buy signal, we sent out a trade alert that suggested we were very close to a breakout above our current level of resistance. Once we saw gold prices effectively trade above 1217 we issued our buy signal. Today’s video report will detail our specific studies used to initiate this buy signal as well as our initial targets for both gold and silver should the trade continue to move in our favor.

Sentiment Indicator: