1/09/2011


Greetings!

As we begin a new week, uncertainty continues to be a driving factor in the precious metals markets. Well off of its low, gold is trading modestly lower around 1610 in the afternoon session. The uncertainty that looms is centered around the European Monetary Union and their current debt crisis. With the recent downturn in the euro dollar, talks between German and French leadership aimed to be supportive of the euro have surfaced.
 
No major new developments have come out of the E.U. meetings. However, a bond auction in Germany saw yields moving in a negative manner which is indicative of a market that does not hold much faith in the ability for the E.U. to resolve debt issues in any timely manner.
 
As we enter the second week of this new year, we see the dollar index trading slightly lower, weaker oil prices and a return to the basic fundamental beliefs that fueled the market for the latter part of last year.

 
As always wishing you good trading,

 

 
Executive Producer
The Gold Forecast 

gary@thegoldforecast.com 

On Skype Gary.S. Wagner 


 

 

       Video Links 

 

 

 Gold 

 Subscribers

Log-in


Silver 
Subscribers 
Log-in

 

 

Proper Action

Gold: Maintain Long (1580) Position. We have Resistance

 at 1625 then again at 1650. I remain bullish, but we might see a correction here.

You can pull profit on 1/2 of your position or consider raising stops

 

Silver: I remain modestly bullish with real concerns

 whether silver will move in tandem with gold. Longs (28.10) should look to protect profit if any real signs of weakness appear. 

 


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.