Kitco News, Released on 10/21/24

Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of www.thegoldforecast.com, in this technical analysis segment focused on gold and silver markets. Wagner discusses the ‘clear uptrend’ in both metals, highlighting how gold surged past $2,700 and silver hit 12-year highs. Wagner provides detailed analysis of key resistance and support levels, along with technical chart patterns driving the markets. He projects gold to reach $2,865 and silver to push towards $41, citing factors like geopolitical tensions, U.S. dollar strength, and Federal Reserve policy signals that continue to support these precious metals’ upward trajectory.

00:00 – Introduction
00:27 – Gold Breaks $2,700
02:10 – Wagner on Geopolitical Tensions
03:50 – Gold’s Technical Uptrend
05:15 – Revised Gold Price Targets
06:40 – Silver Breaks 12-Year High
08:30 – Fed Rate Cuts and Impact on Gold
10:45 – Silver Target of $41
13:50 – U.S. Election and Precious Metals
15:30 – Closing Thoughts

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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