Don’t invest in gold until you understand these fundamentals – Gary Wagner gives price targets

Gold & Silver
image
[embedded content]

This upcoming Thanksgiving will be the most expensive ever, and inflation will continue to be a serious concern for investors, said Gary Wagner, editor of TheGoldForecast.com who advocates that gold is still the ultimate store of wealth.

On a technical basis, gold is still in its consolidating phase, Wagner told David Lin, anchor for Kitco News.

“A break above $1,880 [gold price] would really signal another breakout and we would push towards $1,990”,” he said.

For more information on the main drivers behind gold and the metal’s current relationship with the U.S. dollar, watch the video above.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)

Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)

Leave a Reply

Your email address will not be published. Required fields are marked *