Nov 7, 2022
Summary:
Gold has been lagging, but recently showed a bit of life. To get
the proper gold forecast, I invite Gary Wagner to come and discuss
this topic with me. There are multiple factors influencing the
price of gold, a crucial one being dollar weakness. This weakness
was the preemptive force in moving gold prices, but future gold
prices will be largely determined by other reports, including third
quarter GDP. Tune in for more insight.
Highlights:
-Dollar weakness was the preemptive force moving gold prices
-The question becomes: how much have the intense rate hikes
impacted inflation?
-The third quarter GDP is going to be key
-Will this be the last raise, or are we near the end?
-Putin is not just fighting Ukraine, he is fighting the West
-$17 in gold price were attributed to dollar weakness
-We’re seeing resistance at 16.80
Useful Links:
Financial Survival Network
The Gold Forecast
The Gold Forecast YouTube