Kitco News, Released on 5/8/26

Gold is eyeing a massive run to $6,000, and silver just broke out past $80. Gary Wagner reveals the exact charts driving the precious metals bull market and maps the key technical levels you need to watch. Despite a hotter-than-expected U.S. jobs report reinforcing the Federal Reserve’s “higher-for-longer” rate stance, the precious metals sector is accelerating. Gary Wagner, Editor of The Gold Forecast, joins Kitco News Anchor Jeremy Szafron for a special technical presentation detailing the Elliott Wave structure of gold and the mathematical case for a $6,000 target by year-end. They also break down the next resistance levels for silver—including a potential run to $90—and analyze what the U.S. Dollar (DXY) and GDX miners are signaling for the long-term rally.

00:00 – Gold Surges Despite Jobs Data
01:32 – Elliott Wave Bull Market Setup
04:18 – Three Rally Legs Get Steeper
08:58 – Blow Off Top And ABC Correction
10:12 – Resetting The Count Wave 1-3
14:43 – Why 6000 Gold Is Plausible
15:47 – Geopolitics And The Paradigm Shift
17:57 – Elliott Wave Psychology Explained
20:15 – Dollar Index DXY Versus Gold
22:51 – Silver Breakout And 90 Target
26:30 – Miners GDX Confirmation Check
28:12 – Key Levels Invalidation

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.

  gary wagner, investing, trading