August 12, 2011


Greetings! 

 

What an incredible week we have witnessed in the precious metals markets. Years from now as we look back upon these days I believe we will fondly refer to this period as "the good old days ". 

 

The opportunities which were available this week in the marketplace were second to none. That is not to say that we will not experience this again in the future, on the contrary I still believe the best is yet to come.

 

It does appear that silver might finally have awoken from its slumber. I do believe that many of the smaller speculators have been washed out and silver will once again become the percentage leader in terms of gains.

 

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Wishing you is always good trading,

 

 gary@thegoldforecast.com 

On Skype gary.s.wagner 

 

 

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Proper Action

Awaiting confirmation that the correction 

is over than back to the long side on gold

This Week:

Long @ 1687 & add (1724) Out @ 1785 + $158.00 per ounce 



 

 

Market Forecast

Gary S. Wagner 

 

The chart above is the last chart we will be viewing on today's program. After hitting a new record all-time high, gold experienced a well needed correction. On a technical basis as you can see this correction might have in fact found a bottom at the 38% retracement level.

 

Today's video will attempt to accomplish two goals. The first of which is a review of the trades accomplished this week. The second goal is to provide you with my interim view of the gold market. If in fact this correction has found support around the 1730 area, the most prudent move would be to reenter this market from the long side. We will await confirmation over the weekend and base our decisions upon market activity next week. 

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.