Daniela Cambone of Kitco News interviews Gary Wagner from
TheGoldForecast.com about gold charts. Wagner briefly talks about famed investor John Paulson’s move out of gold and discusses whether it contributed to the June selloff. Wagner is still calling for $1,400 gold and says that the market is in an “impulse phase,” which is a bullish level of the market. “In a bullish market, it doesn’t tend to go straight up; the market will take stair steps up,” Wagner says. “It will take three steps forward then two steps back; and two steps forward then one step back.” With regards to the metals, Wagner is long both on gold and silver. Watch now to hear his outlook for the precious metals’ markets
