Was Thursday’s Sharp Decline a One and Done? | The Gold Forecast

Was Thursday’s Sharp Decline a One and Done?

April 12, 2019 - 6:24pm

 by Gary Wagner

Gary S. Wagner - Executive Producer

P.S. Want to get my Gold Forecast that's returned 1600% since 2010 for free?  Click Here

Members section is now available for free, because 14 days has past since its publication.

Gold Forecast: Proper Action
On Monday, April 8th,  we sent out a trade alert.
Trade Alert: Buy June gold at the market (current 1301.50 - $1301 80)
Place Stop at $1287.13.
Maintain long June gold @ $1301.65 and stop @ $1287.13
Gold Market Forecast

The dramatic price decline on Thursday was unforeseen by many including myself. I am still bewildered as to the underlying cause of yesterday's decline. What I do believe is that it was unwarranted in terms of any changes in the fundamental fabric which has been the undertone to the recent upside move. That being said I am looking for higher pricing next week in gold.

To that end this might present an excellent opportunity to dollar cost average and add to our current long gold position. Of course we will send out a special trade alert through email and SMS text message should next week's price action trigger an add to our current long position.

Sentiment Indicator:
Gold -> Bullish
Silver -> Neutral
S&P 500 -> Bullish
Bitcoin -> Neutral