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New All Time Record High For Gold Coming In 2021 – Gary Wagner

Financial Survival Network, Released on 1/14/21

*This interview was recorded on 1/14/21

Gary was shocked by Biden’s speech on allocation of funds. We spent $4 trillion last year. When does it end? We’re spending like there’s no tomorrow. We’re looking at another $4 trillion for this year. When the Treasury spends on stimulus, that’s when inflation really takes place.

Copper is going up due to commodity price inflation and also on China’s demand.

There’s a new normal coming once the pandemic has run its course. We still have 12 million out of work. Many less people able to support their families. Moratorium on evictions and foreclosures. The government is going to pay.

Many pre-pandemic jobs are going to disappear. And automation isn’t going anywhere. It’s not if, but when. Lyft and Uber are counting on autonomous. Eliminate the drivers. Same with mortgage underwriters.

Keep your eye on the chart. The yellow lines are key. $2100 to $2200 gold by the 3rd quater of 2021, if not sooner. Unbridled optimism in the stock is clearly prevalent. How soon will the pandemic abate? Stock market has been putting pressure on gold. Same with Bitcoin. An unusual asset class. One of the super powers will come out and replace their currency with a crypto, who will it be? China, US, EU?

Gold and silver what’s happening and ahead? When it comes to bringing back the economy, Gary isn’t so optimistic. And that complicates coming out of the global depression.

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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