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Wednesday, December 11, 2019

Headline Driven Markets Mean Big Gains and Potential Losses with Gary Wagner

from Financial Survival Network

Gary Wagner returns to the program… Sunday is a big day. More China tariffs or not? 2019 has been an incredible year for gold. We saw a $1370 ceiling and this year it broke through resistance. We could see a big spike come Sunday or Monday or it could hover in this range for a while. We’re right below a 50 percent retracement – $1481 – if we breakthrough it we could be looking at $1500 and then up from there. Rally began at $1270 and stopped at $1565. But these numbers are irrelevant whether Trump does or doesn’t. The power of the media cycle cannot be underestimated.

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from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/2t8us3k