Kitco News, Released on 8/19/24

Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of TheGoldForecast.com, to discuss the recent movements in gold and silver markets. Wagner dives into the charts to explore whether gold is on track to reach $2,600 by year-end, with potential momentum to hit $2,700 in early 2025. Wagner also provides insights into silver’s performance, breaking through the $29 mark, and examines key resistance levels and market indicators that suggest where these precious metals could be headed next. ‪

00:00 – Introduction
01:00 – Revisiting Wave 3
03:00 – Gold’s Path to $2,600
05:00 – Key Technical Indicators
07:30 – Potential Corrections Ahead
09:30 – Silver’s Breakthrough
11:00 – Gold/Silver Ratio Insights
12:30 – Rate Cuts Impact
14:00 – Conclusion

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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