PREPARE to Be SHOCKED! What's About to Happen to Gold & Silver Prices Will SHOCK You - Gary Wagner

Описание: PREPARE to Be SHOCKED! What's About to Happen to Gold & Silver Prices Will SHOCK You - Gary Wagner

Since October 2023, gold has seen significant gains driven by central bank accumulation, inflation concerns, and geopolitical tensions. From January 2024 to its recent high, gold rose 29%, adding $646 in value. The rally began in October and saw a total gain of around 12.27% ($244) before January. Despite a recent pullback of 6.65% from its peak, gold remains up overall, reflecting strong momentum supported by these key factors.
Gary Wagner is a seasoned technical analyst and expert in precious metals, particularly gold and silver. He points out that several key factors, including geopolitical tensions, inflation, and central bank policies, influence Gold prices. With no signs of geopolitical de-escalation, these conflicts support a bullish outlook for gold. Although inflation has declined, central banks adjust interest rates, which could benefit gold. Since gold yields no interest, lower rates make other assets like bonds less attractive, potentially shifting more investor interest toward gold. The Federal Reserve is expected to implement rate cuts, possibly reducing rates to 3.5% by mid-2024, creating further support for gold.
On the other hand, the strength of the U.S. dollar is often viewed through comparison to other currencies rather than its domestic purchasing power. While the dollar may appear strong globally, its value is diminishing due to inflation. Rising tariffs, particularly those promised by Trump on countries like China, Canada, and Mexico, could further inflate prices, reducing the dollar's purchasing power domestically. This scenario highlights the growing disconnect between currency strength and everyday affordability, emphasizing the need to focus on real purchasing power rather than international currency comparisons.
Gary recalls that $20 could buy a suit a century ago, but today, it barely covers coffee for four at Starbucks—a stark reminder of lost purchasing power. Despite recent gold corrections, a strong upward trend is expected to resume, with a new bullish wave cycle forming. Historically, two complete bullish cycles occur each year, and with gold nearing record highs, a significant $500 rally is anticipated. The outlook for gold in the coming year remains highly optimistic.
Gary exposes Currently, the market is neither overbought nor oversold, with indicators sitting around 50—balanced between the overbought threshold of 80 and the oversold level of 20. Both technical and fundamental traders are focusing on momentum, which remains strong. On a monthly chart, momentum appears as a near-vertical rise starting from October last year, with significant acceleration since February. This strong upward trend is shaping expectations for December and beyond.

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