1/5/2011   The Daily Report
Greetings!

After trading higher for four consecutive days, gold has seen some selling pressure today. An overnight high of 1625 could not be maintained, but gold did find support as it dipped under 1600 briefly before moving back up above it.
 
Dennis Gartman announced that he sees the bear run in gold is over, and said that he expects to see gold run to 2000 dollars this year.

(Dennis Gartman is the economist who correctly forecast 2008's commodities slump, said in his daily Gartman Letter today he's become'' officially bullish'' on gold again.)  
As always wishing you good trading,

 
Executive Producer
The Gold Forecast 

gary@thegoldforecast.com 

On Skype Gary.S. Wagner 


 

 

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Proper Action

 

Gold: maintain long @ 1580

 

Silver:  maintain long @ 28.10 Silver under pressure for 

2nd day you might wish to protect profits 

 

 

 



MARKET FORECAST

Gary S. Wagner


   

   

GOLD   

 

  

 

SILVER

 

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.