Gold Outlook 2015
Submitted by Konrad Urbanowicz on Friday, December 19, 2014 - 04:09.
Gold Forecast for 2015. Both Part I and Part II can be viewed from this page.
We look at 2 models. Part 1: The first model focuses on the most recent rally in gold and the fact that prices were unable to breach or rise above the previous high of 1254. This pointing to a counter trend with the bear market intact. We will look at potential lows. Part 2: The second of these two models looks at the most recent oscillation in gold prices as a beginning of some sort of a compression triangle. If this is the model we see unfolding we will see gold break to the upside after coming to the apex of the triangle. Published on Dec 19, 2014
As Kitco News’ Outlook 2015 coverage continues, we end the week with none other than Gary Wagner and Chart This! Touching briefly on the Fed announcement Wednesday, Wagner said that he saw some real transparency come out of the meeting. “I saw this as bearing some real transparency that rates aren’t going to be raised, at least in the first quarter of next year,” he said. He also noted how it was interesting that market technicians and analysts would focus and dissect one word so deeply – that word being ‘patience’. Wagner also prepared a special year-end and first-quarter 2015 analysis for viewers as he plots out gold’s movements into 2015. Join Gary and see what levels he’s looking as gold ushers in the new year. Kitco News, December 19, 2014.