Gold Price Hit New Record High, Expect $2,700 By Year-End Says Trader | Gary Wagner

*This video was recorded on July 18, 2024

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*This video is not financial advice. The channel is not responsible for the performance of sponsors and affiliates.

0:00 - Intro
1:45 - Gold's new all-time high
2:17 - Fed monetary policy
8:34 - What pushed gold higher?
12:43 - Why would go climb more?
14:55 - Gold's new floor
16:18 - Gold vs. stocks
17:45 - Recession indicator?
19:05 - Election result and gold
20:58 - Long-term outlook
24:30 - $2,700 gold by year-end

#trading #gold #investing

[TheDavidLinReport]

Will gold make another new high by year-end?



FOLLOW GARY WAGNER:

[Patriciabanks]

People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

[jerrycampbell-utyf]

I consider the introduction of a Bitcoin ETF to be a watershed moment in the financial markets. Normally, I wouldn't buy-and-hold assets, but eight months ago, I spent more than $300, 000, and it warms my heart that this is still happening. We are now approaching a bull run, and I am confident that I will regain everything I lost.

[JoshuaAltom]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.

[caption]

Anyone who says inflation is down doesn't do grocery shopping

[jackwalsh]

David, a most welcome return of Gary Wagner "Samurai General Prognosticator"
With his cutting analysis of the economic and metal's market
I'm very happy to see the return of the Katana set in the background.

[tydeeup]

Love your content, but sticking ads inside the content really sux. I pay for YouTube premium for a reason.

[WilliamsScott-hh]

Given the current volatility in the stock market, I believe investors should divert their attention to lesser-known stocks. With 35% of my $270k portfolio invested in stocks that have sharply declined from their previously high status, I find myself at a loss on how to proceed, feeling overwhelmed by the situation.

[Francisco-]

Thanks David. I got a 150K mortgage, bought 75k worth of Brett with it. YOLO from profit of 10k thanks a lot Sonia campbell

[vallmak]

"Don't take financial advice from a guy with samurai swords." - Warren Buffett (probably)

[Turner_p]

Purchasing a stock may seem straightforward, but selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies. Any advice on this matter would be greatly appreciated.

[Dave_East]

Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

[whoiszohaib]

Thank you for 800 subscriber my dear friends❤😊

[JW-dchk]

Always a sound and grounded analysis. 💯

[issenvan]

Will GDX fall w/ the first rate cut? What will the miners do during the recession?

[aircooled]

Well done Gary, I bought more on your last interview, and now in hindsight were correct! Even Gareth got it wrong, TWICE!

[issenvan]

Is gold front-running the first rate-cut & recession by dumping now?

[viewfromthehighchairr]

The best time to get into the market was 5 years ago. The 2nd best time is now.

[rumcoke]

Probably the best technical trader out there IMO. No bs.

[dilatedtime]

He claims there is an inverse relationship between the strength of the dollar and gold. That has clearly been proven obsolete with gold price going up as the dollar goes up.