Gary Wagner: Watch This Key Shift for Clues on When Gold Will Take Off

Investing News, Released on 2/21/23 (Recorded on 2/14/23)

The gold price has dropped off in February, but remains much higher than it was just a few months ago. Even so, many investors are wondering then the yellow metal will reach a new all-time high. For Gary Wagner, executive producer at, inflation is the main factor to keep an eye on.

“The key is that the shift will come when market participants focus on inflation not being reduced to the level they thought it was, or at the rate (they thought) it was. And it will be due to some items being sticky — in other words, (the US Federal Reserve doesn’t) have the tools to control it. If that occurs, we will see gold take off,” he said.

0:00 – Intro
0:36 – Recent CPI and employment data
3:10 – Fed can only do so much alone
7:24 – Inflation may become sticky again
13:56 – When will the gold price break out?
19:21 – Silver price expectations in 2023
23:04 – Gold is a long-term store of value
27:32 – Outro

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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