Gold’s Sharp Selloff — Shallow Correction or Major Trend Reversal? Gary Wagner Charts Gold, Silver

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Jeremy Szafron, Anchor at Kitco News, interviews technical analyst Gary Wagner about the recent movements in gold and silver prices. Wagner dives into the factors driving the declines and surges in precious metal markets, including geopolitical tensions, profit-taking, and technical trading patterns. Watch as Gary provides technical analysis using candlestick charts, discusses the implications of Middle East tensions on precious metals, and forecasts potential future movements based on technical indicators and macroeconomic factors.

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00:00 – Introduction
00:56 – Geopolitical Impacts on Precious Metals
01:22 – Analyzing Recent Price Declines
01:59 – Market Corrections Explained
02:23 – Impact of Geopolitical Tensions Easing
03:19 – Technical Analysis and Future Predictions
04:17 – Influence of the Federal Reserve
07:15 – Understanding Market Movements
16:12 – Conclusion and Final Thoughts

#GaryWagner #GoldPrices #SilverTrends #PreciousMetals #MarketAnalysis #TechnicalAnalysis #KitcoNews #Investing #Finance #economicoutlook #technicalanalysis #gold #silvermarket
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39 COMMENTS

  1. Gold stocks are undervalued compared with gold prices, stocks will skyrocket once earnings come in(see Newmont), not to mention bad market news will further fuel the prices…BUY GOLD Stocks !!

  2. The fact that the U.S. has not targeted gold, which is currently seen as similar to Bitcoin, should be alarming to all gold holders. It suggests that the U.S. government already has gold under its control.

    You have no sovereignty either gold and fiat marriage. Just stuck in their matrix like a grown drone.

  3. Does anyone actually police the Central banks? Purchasing thousands of ounces a week makes me suspicious that they are keeping the values low. Buying and selling in the stock exchanges is monitored for manipulation but is there a mechanism for tracking purchases/sales by these folks?

  4. Gary, no country is printing anything close to the USA , they are just out of control. They are manipulating the USD to keep it strong because of inflation but that can't last.

  5. "How can we better predict these corrections in the future?"

    Beware the "Ides of $30 silver". Those who perpetually rig the precious metals prices have a heavy line in the sand at $30 silver. They'll start OR STOP WWIII… to keep silver under $30. Its truly a criminal effort that the SEC should drop the hammer on the responsible parties (but they are PART of the control system and enjoy their own form of graft by pretending to penalize the cheaters… but no one goes to jail and the cheating continues).

    Like clockwork, they rigged the silver price action and smashed it. Gold came along for the ride as a bonus and as cover to hide the focus on silver. These metals should be 5x more valuable based on the debasement of currency in the last decade.

  6. I don't buy this geopolitic argument as silver is not a hedge for these reasons. The banking cartel and the Federal Reserve attacked gold and silver with heavy short positions. The latest gold rally had nothing to do with geopolitics. It started well before the Israel-Iran tensions.

  7. So basically we're going to keep this economy going for as long as we can until it literally hits the ground and starts combusting in to flames, this will not be a depression this will be a nightmare financially for everyone because right now when the inflation spikes up like a rocket and the dollar detaches itself from normal levels we're going to be just like Zimbabwe or Germany with wheelbarrows of money for bread. I personally feel like we have maybe 4 to 5 years of somewhat economic transactions with money and debt but after 2030 I think that's when everything will falter and hit the skids. I would buy Bitcoin and buy hard assets like gold /silver as a store of value while also actively trading…The only wild card for us investors is to actively engage the market by trading, we always over complicate things when we speculate. It's not about guessing the market's next move; it's about playing it smart and steady during trading…managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I'm especially grateful to Tobias Hawke, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

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