05/30/2012   Daily Outlook

Greetings!,

 

The precious metals markets experienced a nice rally today. A combination of factors were cited, short covering and bargain-hunting each having a solidly bullish impact on both gold and silver prices. Also, in the face of an incredibly strong U.S. dollar and a collapsing euro, gold was able to muster a solid impressive price gain.

 

Of course, today's impressive rebound hinted that gold might return as a safe haven investment, a paradigm absent from investors' recent analyses. Equities remained under pressure as the dollar continued to roar, all due to concerns that the European Union's sovereign debt crisis will probably escalate before it gets better. Spain has been added to the mix of member nations that have seen their credit rating lowered and their banks in need of major bailout capital to remain solvent.

 

The release of the U.S. jobs report on Friday could produce a most interesting end to our week. 

 

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 & SILVER : long June gold at 1564.5  

long July silver at  27.98  

Stops 1532 &  27.00 



MARKET FORECAST

Gary S. Wagner

 

Gold & Silver: we will continue our discussion on a possible triple bottom in both gold and silver, as well as a possibility that the precious metals are forming a base. Today's video will differ in that I will present an alternative strategy that will incorporate the current weakness in the euro dollar.  

Gold

 

  

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.