August 17, 2011

Greetings! 

 

Traders I am most pleased to report you once again that the precious metals markets have experienced another positive close on the day. Comex gold futures actually closed at a new all-time record high of 1793.80. Bullish influences today included a weaker US dollar index and higher crude oil prices. 

 

These two factors continue to exert a positive bullish influence in the precious metals markets. Silver also is profiting from this outside influence. The December silver futures closed near their highs today, but more importantly traded to a new two week high. At least on a tentative basis it does appear that silver's  hibernation is over.

 

 I wish to thank those who have expressed interest in our beta testing project for our upcoming android app. We have closed our beta as far as applications go. I am very excited about the development of this new technology, I greatly believe it will enhance our service.

 

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Wishing you is always good trading,

 

 gary@thegoldforecast.com 

On Skype gary.s.wagner 

 

 
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Proper Action

You should add to your core position here

Maintain Long @ 1763

&

Stops @ 1720



 

 

Market Forecast

Gary S. Wagner 

 

In the last few days on a technical basis we have been talking about the support that gold prices have found at 1780. In today's video we will look at the interim resistance level that gold is facing. Is my personal belief that this resistance at the 1790 area will be easily overcome. 

 

On today's video we will explore the resistance and look at our longer-term view on the market. Based upon the belief that gold at some point in the very near future will retest the $1800 Mark, I suggest you consider adding to your core position at this level.

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.