Saturday, 24 January 2015

Gary Wagner: Could The Fed Surprise Markets Next Week?



"It’s Friday and Gary Wagner is back on Kitco News to make sense of all the ‘drama’ that has happened this past week in the market. Gold hit a high of $1,307 an ounce Thursday and Wagner says, on a technical basis, there is a “defining trend that this market has moved up.” He adds that the gold market is in unusual territory right now with it moving higher in tandem with the U.S. dollar and U.S. equity markets. Looking to next week’s Federal Reserve monetary policy meeting, Wagner says that there could be a surprise but he’s “not convinced that we require, in the United States, the same type of drastic reaction as we’ve seen in Europe.” Get his in most recent in-depth analysis of the gold market here on “Chart This!” Kitco News, January 22, 2015."

TNR Gold: Shotgun Gold Project in Alaska Presentation.






 "Never fight Central Banks - they have unlimited resources and can print all the money they want until the total breakdown in the system. The war on Deflation is on and ECB has unleashed its own QE with 1 Trillion Euro to be printed for a start. I would not bet on the end of the world, but would do definitely on Inflation. The desire to destroy the FIAT currencies by Central banks is almost unstoppable. Gold is surging in all currencies now and we are entering the new stage, when All FIAT currencies will depreciate against Gold. Nobody was interested in Gold projects with Gold sliding last few years, now it is time to look at the best ones, providing the scale for the new significant discoveries. Read more."