1/18/2012


K
ITCO

Greetings!  

Gold spent the better part of last night testing and forming a base just at 1645. A weaker U.S. dollar, as well as a "buy the dip" mentality, furthered the precious metal's first rally of 2012.

 

Once again chatter circulates as we hear a reemergence of concerns stemming from the yet unresolved European unions sovereign debt crisis. Greece continues to kick the can. However, the can does not have much further to go before it comes to the end of the road.

 

I see no real strong technical resistance until about 1685 and of course 1700, the next century mark. I sent out a link to today's KITCO commentary that I posted, but just in case you missed it, click here to read.


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. The resistance level of 1645-1650  

has been reached. A base is forming, I am looking for a continuation of this rally.  

 

 Silver: I remain modestly bullish. Silver does in fact seem  

to be trading in tandem with gold.  Our basic target still remains 30.80;  

this is the area where I believe silver could find strong resistance.


MARKET FORECAST

Gary S. Wagner

   GOLD: Today's video will recap what I believe to be our next  

resistance area as well as highlight some of the charts
used in today's commentary for Kitco metals.
 

  

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.