Gary Wagner - What Is Gold Going To Do (Opinion)
Summary
On this latest episode of SBTV, Patrick Vieira and guest, Gary S. Wagner—the renowned executive producer of The Gold Forecast—discuss the gold market as worldwide economic fundamentals continue to shift. Wagner, who has over 35 years of experience analyzing markets, points to the strong U.S. dollar along with America's smooth political transition of power as catalysts for gold's recent pullback. Wagner points out that, despite de-dollarization narratives, the robustness of the dollar as the world's currency and actions of central banks has impacted gold. He weighs in on how central banks are gradually increasing their gold reserves while still maintaining large dollar reserves, an interplay that exists between the battle for safety assets and fiat currencies.
The discussion also covers the outlook on gold and silver, and Wagner projects a bullish trend for 2024 once the corrections are in place and key support levels hold. He shares his views quite candidly on the problems surrounding fiat currencies, such as inflation and too much debt, while emphasizing the intrinsic value of metals as hedges against systemic risks. As an investor or an enthusiast in global economics, precious metals, and market forecasting, don’t miss this episode.
Timestamps
00:00 Introduction and Overview of Precious Metals Market
03:33 Impact of the U.S. Dollar on Precious Metals
06:43 USD, Central Banks, Gold
09:17 Support and Resistance Levels for Gold and Silver
14:02 Stock Market and Cryptocurrency Influence on Precious Metals
17:19 Federal Reserve's Balance Sheet and Liquidity Concerns
24:37 Outlook on the Economy, Inflation and Wages
29:20 Importance of Asset Diversification
32:27 Conclusion and Information on Following Gary S. Wagner
Silver Bullion TV
SBTV features interviews and analysis from experts and commentators in the precious metals industry. The channel aims to educate viewers on gold, silver, platinum, palladium and the economic/investment factors impacting these markets.
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