August 10, 2011

Greetings! 

 

What words can be used to describe today's trading activity in the precious metals markets? Honestly I am at a loss for words that would adequately express the market move we have just witnessed. As I finished the report gold was currently retesting $1800 per ounce. As I glance at the screen now gold is currently trading at 1808, no now at 1810. 

For those of you who have been following my forecasts for some time you know what a bull I am when it comes to gold prices. That being said I would never have imagined a market move this quick to this price point and pivot. My most current initial target of 1808 has already been taken out. Traders today we collectively have witnessed history unfold.

More importantly than that we have positioned ourselves so that rather then it destroying our portfolios, this knowledge has strengthened it. As you know my sign-off is always: wishing you good trading. More than ever today that wish came true. So I once again say ....

Wishing you is always good trading,

 

 gary@thegoldforecast.com 

On Skype gary.s.wagner 

 

 
MEMBERS LINKS
 
 
Chinese Lower Debt Rating Of USA.

Chinese Lower 

Debt Rating Of USA.

 

 

Follow us on Twitter

 

 

View our profile on LinkedIn

 


 

  

Full HD Screencast Server

 

 

Password  is 

newhigh

 

Proper Action

Maintain Long @ 1687 & add (1724)

Raise Stop to 1760 


 

 

Market Forecast

Gary S. Wagner 

 

Gold today hit a new high, again. This time trading above $1800 per ounce. As you know it has steamrolled past my initial price targets. As of this writing we are currently trading at 1813 now and today's video will discuss and speculate my revised upside targets. Based upon this most recent work $1900 gold is certainly not out of the realm of possibilities at this point in time, in the very near future. But please do not count out a hard correction at any time. That my friends would be healthy for the market. This longer term forecast assumes a corrective wave 4 followed by a final impulse wave (5).  

Copyright (c) 2011 Wagner Financial Group 
 
Before deciding to participate in Gold or Silver investments, you should carefully  consider your investment objectives, level of experience and risk appetite. Most importantly with futures activity do not invest money you cannot afford to lose.There is considerable exposure to risk in any futures exchange transaction, including, but not limited to,leverage ,and market volatility that may substantially affect the price of  gold and /or  silver. Moreover, the leveraged nature of Futures trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as 

well as for you as well as for you.