12/29/2011 The Daily Report
Greetings!

As this year comes to an end we have the metals markets correcting and completing the final part of the C wave down. I did an interview yesterday on Bloomberg TV. See the link below to view:
 



Wishing you a great 2012 and as always wishing you good trading,

 


 
Executive Producer
The Gold Forecast 

gary@thegoldforecast.com 

On Skype Gary.S. Wagner 


 

 

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MARKET FORECAST

Gary S. Wagner


  

   

GOLD:  We have tested the low found at the conclusion of our A wave. Will this price hold. we will have to wait until next year to see. If this price point does not hold our next real support level is 1440. However once we conclude this final leg of our C  wave we will begin an extended rally with a new impulse cycle. 

 

 

 

SILVER: Like gold we have retested lows found in the recent "A" wave.  

 

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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.