HAWAII SIX O - GARY WAGNER
Global Inflation shows no indication that it is diminishing but rather moving higher
Gary Wagner - Sep 30, 2022 06:07PM(Kitco commentary) - Today key reports released in both the United States and the Eurozone revealed what global citizens have been acutely aware of. Inflation continues to spiral higher and at a staggering level.
Albert Einstein said insanity is doing the same thing over and over and expecting different results
Gary Wagner - Sep 29, 2022 06:11PM(Kitco commentary) - As of 4:21 PM EDT gold futures basis, the most active December futures contract is currently fixed at $1668.90 a net decline of 0.07% or $1.10. Gold futures did trade to a slightly higher high and a higher low than yesterday.
Gold attempts a relief rally as the dollar falls from its highest value since May 1, 2002
Gary Wagner - Sep 28, 2022 06:35PM(Kitco commentary) - Since May 2021 gains in the U.S. dollar can be best described as parabolic. The dollar index was trading at approximately 89.60 in January 2021, and in one year nine months have moved from just below 90 to 114.745 a total gain of 24.745 points.
Gold's weakness remains as the dollar dominates with more upside potential
Gary Wagner - Sep 27, 2022 06:14PM(Kitco commentary) - Although gold is trading fractionally higher today, by no means can we say that a rally has begun or that this is the beginning of a potential pivot and key reversal from bearish to bullish.
Federal Reserve's inaction will lead the U.S. into a deep recession - part 2
Gary Wagner - Sep 26, 2022 06:05PM(Kitco commentary) - Powell's Federal Reserve was been faced with one of the most difficult periods in time that began with a global pandemic which led to a global economic shutdown. This led to an extreme and some say incorrectly allocated government stimulus.
Federal Reserve's inaction will lead the U.S. into a deep recession
Gary Wagner - Sep 24, 2022 09:32AM(Kitco commentary) - The Federal Reserve has been faced with one of the most difficult periods in time that began with a global pandemic which led to a global economic shutdown.
Gold and the dollar both move higher as have the level of global uncertainties
Gary Wagner - Sep 23, 2022 02:46PM(Kitco commentary) - There is an intrinsic negative correlation between the value of gold and the value of the U.S. dollar.
What to expect from the September FOMC Meeting, and how might gold respond
Gary Wagner - Sep 20, 2022 08:21PM(Kitco commentary) - What to expect from the September FOMC Meeting, and how might gold respond
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Gold breaks below $1680 yesterday, closing below a major level of technical support
Gary Wagner - Sep 17, 2022 10:46AM(Kitco commentary) - Yesterdays gold closed below the support level at $1680. This was the first instance since gold broke above that price point in April 2020.
Current Gold Outlook; the good, the bad, and the ugly
Gary Wagner - Sep 15, 2022 08:30PM(Kitco commentary) - Unless youve been living under your computer screen you are well aware of recent price action pressuring gold dramatically lower.
Gold slides 1.63% with dollar strength accounting for almost 100% of the move
Gary Wagner - Sep 13, 2022 07:41PM(Kitco commentary) - Today the government reported a fractional decline in headline inflation through the release of the August CPI inflation report.
Federal Reserves rate decision will factor in the August CPI report
Gary Wagner - Sep 12, 2022 07:47PM(Kitco commentary) - Tomorrow at 8:30 EDT, the BLS (Bureau of Labor Statistics) will release the latest inflation report vis-à-vis the CPI index for August 2022.
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