HAWAII SIX O - GARY WAGNER
Gold breaks above neckline of inverse head and shoulders, higher prices ahead
Gary Wagner - Apr 6, 2020 07:12PM(Kitco commentary) - Today market participants witnessed a rare event with the U.S. equities rallying approximately 7% on the day based upon diminishing fears of the coronavirus, as the safe haven class rose between 3.6% (gold) and 5.39% (Silver) based upon the fact that the coronavirus is about to reach its apex in the United States this week.
COVID-19 has profound impact on U.S. jobs which declined over 700,000
Gary Wagner - Apr 3, 2020 06:33PM(Kitco commentary) - The long-awaited U.S. labor departmentâ??s jobs report was released today indicating that employment in the United States declined by 701,000 individuals last month.
"Three river morning star" identified on daily gold chart
Gary Wagner - Apr 2, 2020 06:55PM(Kitco commentary) - Recent action in gold indicates that there is solid price support at the recent low of $1576. On a technical basis, there are two major studies identified that confirm this assumption and market model.
COVID-19 continues to pressure global equities Lower, as it supports gold
Gary Wagner - Apr 1, 2020 07:41PM(Kitco commentary) - Within the extreme carnage in the U.S. equities markets, both gold futures and spot pricing remained in an upswing.
Market forces move gold lower
Gary Wagner - Mar 31, 2020 07:30PM(Kitco commentary) - While we have gold, prices come under substantial pressure over the last two weeks it had still managed to hold above key level of $1600 per ounce.
June 2020 futures contract has become the most active trading month
Gary Wagner - Mar 30, 2020 07:24PM(Kitco commentary) - With the exception of palladium, the rest of the precious metals complex traded lower on the day.
Fiscal stimulus, Fed rate cuts and increased asset purchases drive gold higher
Gary Wagner - Mar 27, 2020 07:23PM(Kitco commentary) - Today the Congress passed a $2 trillion stimulus bill, after the Senate approved the bill yesterday, and was signed today by President Trump.
COVID-19 continues to ravage the global economy
Gary Wagner - Mar 26, 2020 06:12PM(Kitco commentary) - As of 5:07 PM EST gold futures basis the most active April contract is currently trading up $6.10 (+0.37%) and fixed at $1639.50.
Some price pullback is healthy for gold
Gary Wagner - Mar 25, 2020 06:56PM(Kitco commentary) - Consider this, gold has had a price range from Friday's low ($1457) to Tuesday's high (1698.60) of $241.
Gold & U.S. equities rally as Fed commits to unlimited quantitative easing
Gary Wagner - Mar 24, 2020 06:59PM(Kitco commentary) - The rally which began in gold yesterday continues, now in its second day with substantial gains.
Lack of fiscal stimulus and Fed actions ignite gold pricing
Gary Wagner - Mar 23, 2020 06:05PM(Kitco commentary) - Today gold pricing skyrocketed and broke strongly above Friday's close.
Could gold be at the conclusion of the current correction?
Gary Wagner - Mar 20, 2020 06:17PM(Kitco commentary) - Over the last couple of weeks, the safe haven assets particularly gold have been selling off as part of a mass liquidation of all asset groups following the U.S. equities reaction to the coronavirus pandemic and actions being taken worldwide.
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