Kitco News, Released on 5/23/24

Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of thegoldforecast.com. they discuss the recent market movements of gold and silver, the strength of the U.S. dollar, and Nvidia’s groundbreaking 10-to-1 stock split. Wagner shares his technical analysis on the technical indicators driving these markets, the potential future trajectories, and what investors should watch out for in the coming months. Discover why Nvidia’s stock split is a game-changer for AI and how the current economic data impacts precious metals.

00:00 – Introduction and Market Overview
01:35 – Dollar Index: Recent Trends and Analysis
02:44 – Fed’s Stance and Impact on Markets
04:39 – Upcoming Economic Reports to Watch
05:06 – Gold Prices and Dollar Relationship
06:29 – Technical Analysis on Gold’s Recent Pullback
09:25 – Rate Cuts and Market Expectations
09:52 – Silver Market Trends and Forecast
11:44 – Key Price Points and Resistance Levels for Silver
14:08 – Nvidia’s Earnings Surge and Technical Chart Analysis
18:52 – Macro Market Reactions and AI Impact

Gary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of “The Gold Forecast,” a daily video newsletter. He has been a speaker for financial seminars including Futures West and the Dow Jones Financial Symposium which travels throughout the world.. Coauthor of “Trading Applications Of Japanese Candlestick Charting” a John Wiley publication.

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