August 14, 2011


Greetings! 

 

There's never a dull moment in the precious metals markets. 

It seems as though our pivot point between 1725 and 1735 could in fact be the bottom and conclusion of wave four. One caveat though we could c see in ABC correction. this being said we do want to pay close attention to intraday market activity. In any case the most important fact we can take out of these last few days of trading is that we are still most likely in our major impulse wave five. That is an incredibly bullish statement which should lead the markets to new highs.

THE SURVEY: After reading all the comments I have decided to create a basic phone app that will immediately transmit market signals to my daily subscribers. I really need your input to understand what phones are out there. At present I am designing this for the iPhone and android platforms. To that end if you have not already done so  please ... click the following link and   Take  This Survey

 

Wishing you is always good trading,

 

 gary@thegoldforecast.com 

On Skype gary.s.wagner 

 

 

MEMBERS LINKS
 
 
 
 

 

Follow us on Twitter

 

 

View our profile on LinkedIn

 


 

  

Full HD Screencast Server

 

 

Password  is 

newhigh

 

Proper Action

Buy Signal issued this morning @ 1762

Stops @ 1720



 

 

Market Forecast

Gary S. Wagner 

 

The chart above clearly illustrates a technical band of support around 1730 vis-à-vis cash gold. On today's report we will take a look at trading activity on an intraday basis from Friday to today. we will also look at the interim view of the market through a 720 min. Japanese candlestick chart and Japanese average chart. 

 

We will conclude today's program by looking at a long count of the Elliott wave to bring today's trading activity into perspective. I think you will see after watching today's report that the underlying conclusion is that gold will trade higher and to new contract and record highs. What more need be said.

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.