Gold’s Sharp Selloff - Shallow Correction or Major Trend Reversal? Gary Wagner Charts Gold, Silver

Jeremy Szafron, Anchor at Kitco News, interviews technical analyst Gary Wagner about the recent movements in gold and silver prices. Wagner dives into the factors driving the declines and surges in precious metal markets, including geopolitical tensions, profit-taking, and technical trading patterns. Watch as Gary provides technical analysis using candlestick charts, discusses the implications of Middle East tensions on precious metals, and forecasts potential future movements based on technical indicators and macroeconomic factors.
Follow Jeremy Szafron on X: @JeremySzafron ( JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW ( kitconewsnow)
Follow Gary Wagner on X: @garyswagner ( garyswagner)
00:00 - Introduction
00:56 - Geopolitical Impacts on Precious Metals
01:22 - Analyzing Recent Price Declines
01:59 - Market Corrections Explained
02:23 - Impact of Geopolitical Tensions Easing
03:19 - Technical Analysis and Future Predictions
04:17 - Influence of the Federal Reserve
07:15 - Understanding Market Movements
16:12 - Conclusion and Final Thoughts
#GaryWagner #GoldPrices #SilverTrends #PreciousMetals #MarketAnalysis #TechnicalAnalysis #KitcoNews #Investing #Finance #economicoutlook #technicalanalysis #gold #silvermarket
__________________________________________________________________
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[@learn-2-earnn]

If theres one commodity u can slowly add after a 7-10% dip for long hold , its gold ..frankly its the only commodity which has proved its worth for more rhan 5000 years ...

[@bobsilver3983]

Sharp selloff??? Gold has went up $400...a pullback is completely normal...I call gold to go to $2050...then rise slowly to $2500, then pullback to $2100...then etc etc. This is how things work

[@PepeCoinMania]

Another gold bug

[@buyystocks]

@@PepeCoinMania looks stable today, by Friday it will be fine

[@MrPatrick1414]

The Comex is also a factor: The Key to the Comex Precious Metals price suppression (in play since 1973) is to keep the short contracts on these precious metals perpetually rolling over rather than expiring, for if the contracts were to ever expire, an actual physical delivery of the underlying metals would be legally required. Physical which the Comex doesn't have!

[@george0r510]

Do you mean it is all a lie and manipulation for 70 years or more...... You know my granddad predicted that this was all fake 20 years ago. He passed and left me with these words: The economic future, unseen, and UNACKNOWLEDGED, by the sighted, who choose not to understand and apply their mind to the poor manors of economic conduct, will in the very end, when it becomes so BAD on every facet of the population, even the BLIND, and BLIND SIGHTED, WILL SEE THE LIES, AND THIEFT., YES EVEN THE BLIND SIGHTED WILL SEE....They will awake and see sad, moments and be so needy, so needy, in there, ostridh heads up their ass, sorry in the sand, they are so passive in their fat cat ways, to give their nation away, not to speak in the nation's defense....He asked to be buried with a U S Flag in his casket....He treated the u s a LIKE HIS MOTHER....

[@chuckmorton8823]

truth

[@TheMostSlyFox]

Take your meds, gold is way over valued right now.

[@MrTrippticket]

@@TheMostSlyFox Boy aren't you going to be surprised...

[@MrPatrick1414]

@@TheMostSlyFox And stocks aren't? ...do some simple PE ratios

[@texdevildog9174]

I am buying the dip.

[@bobsilver3983]

The dip should be $2050

[@vincentyeo88]

@@bobsilver3983 Support level

[@vincentyeo88]

@@brycecooley7017 I'd heard from a friend whom has a neighbor who'd picked up a pair of nice used trousers from a dumpster. Inside one of the pockets was a solid 18K gold Rolex watch.

[@ooigfgnnkhjjnc]

Buy everyday

[@TheMostSlyFox]

@@bobsilver3983 1950*

[@gregaka4440]

Haven’t heard a word about the unwinding of paper gold because of Bassell 3 agreements

[@catyronwode]

I'm very greatful for the excellent chart interpretations. Thank you.

[@rogerbudney9294]

Price manipulation by the banks again

[@chuckmorton8823]

truth

[@trendlinetracker3147]

Excellent presentation, and very happy to see Gary Wagner giving his standard simple, but complete, analysis now at Kitco. His explanations will not befuddle the neophyte, yet are a worthwhile study for experts. Glad to be back at Kitco after a long hiatus. Subscribed: "I'll be back!"

[@TheNorville2]

Great stream Jeremy, love Gary he knows his stuff.

[@TheJacobnotowitz]

Gary Wagner is ALWAYS a great interview!!!!!

[@l.r.quimson]

Gary Wagner...VERY GOOD TECH ANALYST.

[@marshmello_dematt]

love him

[@TheGilbalfas]

This guy never says anything

[@_Thoughtful_Aquarius_]

Why didn't *Kitco* mention where we could find more information about Gary Wagner?

[@user-qf2kg2zx7w]

What’s the ratio of ETF (paper)gold to real physical gold? When the demand call for people wanting physical Gold happens, there will be a sky rocket effect. Some Predicting a stock market crash in August, in conjunction with certain election candidates changing …….. general unrest causing a run on $ and Gold

[@user-jb8vt9dl4j]

Sharp sell off??? Click bait???

[@deanwilcox1698]

Very informative. Thank you.

[@georgebetemps]

I am not getting my alerts. Have deleted all alerts and redone them. Watched the video again. Pretty simple. They were working perfectly then just quit.. ideas appreciated. Thank you

[@george0r510]

IF YOU ARE ACTIVE IN PARTICIPATING AND PLACING COMMENTS AND TELLING IT LIKE YOU SEE IT, USING THE FIRST AMENDMENT, IT MIGHT NOT BE BEST. I HAVE EXPERIENCED A PHANTOM FOLLOWING ME IN A GIVEN INDUSTRY FOR 20 YEARS, BECAUSE OF SPEAKING AGAINST REDLINING IN OUR REAL ESTATE MARKET.... THAT SHIT HAPPENS, IT IS A FORM OF SANCTIONS THAT IS USED, AS LEVERAGE, EVEN BEFORE IT IS INVENTED WITH CBDC MONITORING EVERYTHING ABOUT US. TO USE IT IN FULL FORCE WITH CRIMINAL INTENT. IT IS DESIGNED BY THE TOP INDIVIDUALS IN OUR COUNTRY, TO PLACE MORE CONTROL ON EVERYONE, WITH CLANSDINED PRACTICES USING GOVERNMENT AS THE BATTERING RAM TO MAKE WAY FOR THEIR OWN NEEDS. THEY DO NOT COMPETE EVEN ON A SPORTS FIELD THEY MANIPULATE. lOOK AROUND YOU.....THE BLIND SIGHTED DO NOT SEE THE PHANTOM, AND THE PHANTOM IS HERE WITH US. PULLING STRINGS IN GOVERNMENT, INFLUENCING MANY MORE ISSUES WITH NEFERIOUJS WAYS TO ACCOMMODATE THEMSELVES.... IF YOU SAY "NO I DO NOT BELIEVE SUCH" YOU MAY NEED CATARACT SURGERY, START BY OBSERVING THE HORIZON.....SO YOU CAN DECIDE EITHER WAY. THERE IS MORE GOING ON THAT THE BLIND-SIGHTED, DO NOT SEE, AS THE NATION STUMBLES UNDER THE WEIGHT OF A FEW TAKING LIBERTIES, THAT ARE BORDERLINE OR ACTUAL CLANDESTINE NEVER MADE OBVIOUS CRIMES.....

[@theinflationsituation8870]

You the man, Jeremy!

[@ArifAli-vw4gb]

Gary expert explained current trends very well for learners

[@ghupft-wie-ghatscht]

Buy gold and silver before it is too late

[@vincentyeo88]

No worries. There are more than enough gold and silver for anyone who has some spare cash to spend. 💰

[@INTERNETVID]

I'm waiting for Jamie Demon to give a shout out to his friends via a dip before acquiring more PM's.

[@ricoroger]

Gary W. is the best!.

[@rodrigogazcon506]

Always interesting analysis. But I am DCAing into my AMSGTTM alts anyway

[@user-fo9lq5oc8k]

The next higher high will likely take out the $30 level like butter.

[@medicalmisinformation]

Like a hot knife through butter, or just like butter? Cause if you had a really cold knife or a spoon, or a spatula, and the butter had been in the fridge or freezer, this would not be particularly easy.

[@vincentyeo88]

More like a rocket going through the roof. 🤣

[@johnraiti9867]

The problem is, the powers to be can roll the gold prices with paper gold like the US dollar. The physical gold prices vs paper gold certificates. When demanded for physical gold increase, they have to back off and the price of gold will show some increase not at all what its real price is but some signs of going up. This also happens with sliver there is a huge shortage of physical sliver. I can't wait to see how this plays out. If everyone just demanded physical gold or silver which the price skyrocket.

[@0mar9]

Gary the best

[@chiroguy6969]

I don't know how they can talk about the drop in gold without mentioning that comex raised the margin requirement, again, which took effect Monday. China also raised the margin. Quite a coincidence.

[@georgeschlereth4974]

Keep on stacking

[@holaclive]

Bullion banks still large short positions, dificult to cover

[@ihearDeadpeople]

Gary Wagner explains it all so well easy to understand

[@skyw4278]

Where is kitco based?

[@Jumbosock]

KZbin

[@SouthernFryd]

Basic down-to-earth Technical analysis, done by someone who is good at it. Yes, technical analysis can be done by anyone and can be just as misleading as fundamental analysis...but, it's as good as anything else out there in helping you understand what's going on. If you're really good at combining the 2, you're probably doing pretty damn good. Seems you start with technical analysis...and then look to fundamentals for convergence. If they both are pointing the same way... Of course, you could start with fundamental analysis and then see if the technical supports it. Life is good :)

[@_Seagie]

Sharp selloff?....... it's only down like 3.6% from the all time highs lol

[@Xyz99899]

It's just headline to get clicks

[@imconfused1237]

Selling off 2.75% in a day is a significant correction for low VX assets. Classic sign for bearish follow through and market reversal

[@jisskk28]

They just need something to talk about. Stackers are the biggest nags. 🤪

[@djmc8505]

...that is a lot of $$$$ Lol.

[@bobsilver3983]

These people are clueless how markets work

[@motorcitymadman146]

What gold is selling off , physical or paper.

[@TheMostSlyFox]

Tons of physical gold sold off due to the fomo price melt up

[@fasteddy6170]

Yellow Stain Yellin said it ...its a National Security Issue...NOT GOLD, NOT BTC...But Holy SILVER . Please Everyone if YOU want to End Wars and have Peace Obtain Holy SILVER

[@mikedevere]

Would really appreciate a fundamental analysis / comparison of major currency printing press activity. Not 100% sure that this is the only driver of relative usd strength. Take chf, for example. Please find someone qualified to really look under the hood of a good selection of currencies 🙏🙏🙏

[@reallycold3991]

Time to jump in the market...

[@Zk8et]

I commented Jeremy 👍😂😂

[@frederickmuhlbauer9477]

I’m a buyer certainly not a seller

[@dmitriy131]

Thank you❗ 👍 ☝Platinum - A Very Undervalued Metal Gold Platinum ratio 2,6 (XAU/XPT) 🤑 Platinum is scarcer than gold and has historically been considered more precious than its yellow counterpart. 🤔 Only 190 metric tonnes of platinum are mined each year compared to gold’s whopping 3,460 tonnes. To boot, gold is mined all over the world whereas the supply of platinum is concentrated to South Africa, with Russia a distant second. ETF Aberdeen Standard Physical Platinum Shares (PPLT) ETF GraniteShares Platinum Trust (PLTM)

[@success4acb]

Thanks! Your video calms me down everyday, Gold has long been hailed as a store of value and a hedge against economic uncertainty, cryptocurrencies offer a new paradigm of digital scarcity, decentralization, and disruptive potential. From Bitcoin to Ethereum and beyond, these digital assets are rewriting the rules of finance, captivating investors with their unprecedented growth and innovation..managed to grow a nest egg of around 7.2Biitcoin to a decent 26.4Biitcoin. At the heart of this evolution is Paula Hunstell, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....

[@Sterling23923]

I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience.

[@GiuseppeGiugno-hp8yy]

Over the years, I've been a part of numerous trading programs, sifting through a barrage of information. Yet, nothing has come close to the sheer clarity, depth, and precision of Paula insights. It's akin to finding a diamond in a coal mine.

[@sharathkamal]

I was big on gold and silver but a few months ago I discovered Bitcoin and Ethereum . Listening to lots of stuff from Paula Hunstell has been really helpful in my journey.

[@luistoledo7693]

Paula analyses go beyond surface-level trends. she delves into technical, fundamental, and sentiment analysis, providing a holistic view of the market.

[@JamieKelley284]

She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.

[@rossforrest5181]

How is Jeremy so sure that Gary is his friend?

[@nickmitchell2324]

Jeremy’s so curious (5 times!)….but overall, better, fewer interruptions

[@damnu8089]

that is spot

[@PedorEmilo]

love all these interoperability plays. Currently have a small bag in AMSGTTM. I would love your thoughts on this one as you metioned it ealier.

[@mikemarkowski4547]

GOOD

[@douglasthompson9482]

I would buy more silver but the premiums are ridiculous. I bought too high a few years ago so I am still in the red. Hopefully it will go through the $30 barrier. I bought as an investment, a wrong move but I will get my money back eventually.

[@JoseemilianoMarquez]

Whales group says that AMSGTTM will be pumped on Sunday

[@brentirwin1386]

Narratives pointless was 2400 before tensions!

[@biancasanchez9508]

Keep up the good work, and yes, please do more deep dive into AMSGTTM.

[@user-uw8ws2ym8x]

Im fully into AMSGTTM and ADA, simply huge potential.

[@mikek.9980]

Mahalo Gary, but my view is that it's just a lot of SMOKE!! HAHA!!......

[@majorpayne8373]

I'm just mad about Szafron.

[@richclarke1523]

My $15 k profit over the last month, is down $3 k ? 😢

[@notgunnadoit7461]

my $780k profit last week is still up $663k so no I'm not worried.

[@notgunnadoit7461]

that's just for 2024

[@NWCRYPTOADVISOR]

Samurai warrior of finance and spirit ❤🙏👊😎👍♥️

[@alexisalejandre1990]

In my opinion AMSGTTM has great Potential to Pump due to all the ai craze...

[@1ddelangelestradajarenyeli676]

I'm staying in AMSGTTM till after ETFs being approved and will move into alts after that...

[@robertschmidt9584]

Good. Gold on a slight sale. Great way to supplement the portfolio and it has a nice clink and weight.

[@keithbellair9508]

I didn’t buy it to flounder around and lose money.. we have waited 4 years for this garbage to do something and im tired of waiting.. im about to dump.. sick of this dud

[@tonyvu60]

It’s not a crash. You can use the word “correction” but to me it just follows the path. And that Fibonacci chart looks okay but can be made better for clarity. Disclaimer: I’m not bull or bear on any market. I’m just a Fibonacci guy and I believe it.

[@baldergems627]

How can WW3 temporarily fizzling out not even being discussed?

[@chrisgrys3641]

What a sale.I won't sell it .Gold will soon exceed $3000.Only those who need cash sell.

[@frederickmuhlbauer9477]

Exactly thank you Central banks will still be buyers

[@vincentyeo88]

It's just some profit taking.

[@flanco100]

While everyone is focused on BTC, ETH or any top alt coin and playing defensive they are missing on quality projects that are about to be launched on CEX. For example AMSGTTM will hit mainstream soon, 10x-20x quite possible even during this bear market but only few people know about this.

[@IdalidalejandroPerezflor-dc2id]

I’ve heard Amazon is killing it with AMSGTTM

[@foxmoongaze]

Haven't the margin percentages just been increased for metals futures on the exchanges? This would cause a sell-off by those who can't accept the higher exposure.

[@ronaldhill8423]

Shorts and longs + margin call cash changes

[@user-lf4su5pd8g]

I really like kitco but as an ICT trader this Chart just hurts my eyes 😂😂

[@-SANTOS14]

Not sure about BTC and ETH, but putting USDT in AMSGTTM for 10x makes sense.

[@abrahams.lincoln6749]

👍 Aloha Gary

[@MarioZuniga-pi3cz]

AMSGTTM has as much potential as solana. But unlike sol it has a bigger growth potential.

[@NathGay-pr7vr]

I like Gary he straight n honest

[@JavierIbarra-ts3hy]

Ok, I am sold. I will HODL my AMSGTTM for the long haul.

[@LuisarmandoJaragalindo-ly4ky]

Might be the last week you can get AMSGTTM before it takes off 1,000%.

[@glennkings566]

Does anyone actually police the Central banks? Purchasing thousands of ounces a week makes me suspicious that they are keeping the values low. Buying and selling in the stock exchanges is monitored for manipulation but is there a mechanism for tracking purchases/sales by these folks?

[@TuffEnuffIII]

This was a healthy correction

[@chuckmorton8823]

It's continuing in Asia at the moment.

[@vincentyeo88]

Yes, up to 10 percent, a correction.

[@staceylam762]

Now it’s going to be years for silver to go up? Can’t wait to sell it

[@Easyly1953]

"If it moves up" "if it moves down"...tell us whether gold will move up or down! Reading chart trend is of no help

[@taranjitsingh2714]

Gold stocks are undervalued compared with gold prices, stocks will skyrocket once earnings come in(see Newmont), not to mention bad market news will further fuel the prices…BUY GOLD Stocks !!

[@832elf]

Better than Gareth

[@AttainedConsciousnessChannel]

Both going right back up. This was a Jpm indused dump of paper metals

[@investmentinknowledge9502]

Gold to go down to 2150 to 2250 and will go up fast to achieve 2600 to 2700 usd this year

[@serraios1989]

That’s really helpful, thanks Where did you get that great crystal ball?

[@gokublack4320]

AMSGTTM is brilliant. Hold the line crypto investors !

[@firiusfangmartinez4698]

BUY THE *AMSGTTM* AND HOLD THE LINE BOYS.

[@andrewzenthofer4872]

All you have to say is another great time to buy!!!!! The rest sounds like main stream media, I mean lies😂

[@evantmendoza8458]

AMSGTTM is only Few hours OLD !! IMAGINE THE POTENTIAL

[@siiwok]

$2,332.13 / oz lol what selloff? buy DGP and NEM before goes parabolic

[@Samsara_is_dukkha]

Iran and Israel love each other now.

[@GillAgainsIsland12]

😂

[@georgeschlereth4974]

Gold is undevaled keep on stacking,

[@soullama7237]

GOLD 10x on the way folks

[@bicyclexx7]

Gold sell off , reversal or correction ?

[@habgeVRL]

In the upcoming two to four months, there will be a correction down to about $2075. to re-test the breakthrough point once more. Then, well, who knows if it could go to the moon or return to $1400. History charts says going up though...

[@rap3208]

Outside the US, everybody is on a gold buying spree. Americans minizing the worth of gold to this day works quite perfect for them as they gobble up all the gold they can buy...cheaply. Sometime in the future, americans will realize the worth of gold and by then it will be too late.

[@frederickmuhlbauer9477]

More nonsense

[@woodyburkhalter1]

luv me some gary

[@AmbrogioGagliardi]

Weewus presale is your chance to be part of something big.

[@ELuman]

I think thats just blowing a lot of smoke.

[@hugomunguiaubence9685]

Been staking with AMSGTTM!

[@staceylam762]

Forget gold and silver So tired of it not going anywhere

[@foxmoongaze]

What are you talking about! Gold went up 20% in a few weeks - there was bound to be a correction and reaction from the bullion banks to keep it down, but it's still impressively up.

[@ivonnemontes8813]

I'm betting AMSGTTM will perform well, it havent had a cycle yet and they have a strong community on both, and AMSGTTM update will make rollup fees even lower. Just my 2 cents. Great video goodvibes

[@imconfused1237]

Buyer exhaustion coupled with bearish divergence only ever equals a trend reversal. I hope you all sold the top 😀

[@frederickmuhlbauer9477]

Nope and I won’t be selling

[@technetin]

People are freaking out over a little profit taking...holy shit people are jumpy

[@gloriamillar3166]

I don't know of any vendor who Will accept gold as payment. It's a waste of money!

[@silver-en7kl]

Gold is a tier 1 asset, if u ever go to borrow money as in a mortgage for a house your bank will look at your gold holdings the same way they look at cash or other real estate u may own. Gold is money, everything else is debt. My bank was willing to lend me more $ based on my gold holdings. Your comment is a typical North American view point, unfortunately for North America, the rest of the world loves gold and is eagerly buying it up. You can buy anything with gold anywhere in the world.

[@vincentyeo88]

Use your cash to pay any vendor. But you buy gold to save, not to spend.

[@JONATHAN_KING666]

All of my USDT is still going to buy AMSGTTM