04/13/2012      



Greetings!,

 

You say potato I say po-tah-toe.

 

It's not simply a matter of whether you and I pronounce potato differently, Rather it's identifying the word itself. We have seen the precious metals markets, specifically gold, trade this week as both a risk on-risk off investment and a safe haven investment.

 

That is to say that the price rises we witnessed at the beginning of this week were influenced in a bullish manner by the European debt crisis. Today we saw gold trade as a risk off investment - also influenced by the European debt crisis - but with a bearish influence.

 

Throw in the strengthening of the U.S. dollar and a softening in China growth and we had a bit of a give-back Friday.  

 

Although gold closed well off its intra-week low, today's session gave back a healthy portion its gain. Still, all in all, gold closed up on the week.  

 

The same cannot be said for silver: it gained 2-1/2% yesterday then gave back 2-1/2% percent today.  

 

Who said that adults do not ride roller coasters?  

 

As always, wish you good trading,

Executive Producer
The Gold Forecast

gary@thegoldforecast.com 

On Skype Gary.S. Wagner

 
PLEASE NOTE: The subscribers' and members' service area has been thoroughly upgraded and will offer you a seamless and effortless way to gain information about your account. 

 

Also new is our help desk. This system allows you to ask questions and get responses and solutions quickly. Lastly we will be introducing our virtual trading room over the next month. This virtual forum will allow up to 25 subscribers at one time to gather, learn and collaborate. 

       Today's video 

  

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Proper Action

 GOLD & SILVER :

 

 Gold: Maintain long in gold @ 1650 avg Stop below 1623

 

Silver:  Maintain  Long @ 32.46 avg Stop below 30.52

 



MARKET FORECAST

Gary S. Wagner

 

Gold & Silver: On a technical basis the precious metals markets gained ground this week in what can be best characterized as a roller coaster ride. Today's weekend review will recap the detailed discussions we have had all week concerning gold's current correction. A triangle correction has been identified, and today's video will review and explain our current count. 

 

Gold Chart

 


 

   

  

SILVER Chart:

 

 

 

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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.