Fed drops major hints of tapering ‘fairly soon’; Gold’s response to policy reversal – Gary Wagner

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Kitco News, Released on 7/9/21

Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the Federal Reserve’s next steps in monetary policy, and how a tapering of mortgage-backed securities purchases can impact the bond and #gold markets.

0:00 – Fed tapering?
2:09 – Taper Tantrum
5:00 – Economy re-opening
7:40 – Yields falling
9:15 – Gold price technicals
10:20 – USD and interest rates
13:16 – Technical trading

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Gary Wagner has been a technical market analyst for 25 years. A frequent contributor to STOCKS & COMMODITIES Magazine, he has also written for Futures Magazine as well as Barrons. He is the executive producer of “The Gold Forecast,” a daily video newsletter. He has been a speaker for financial seminars including Futures West and the Dow Jones Financial Symposium which travels throughout the world.. Coauthor of “Trading Applications Of Japanese Candlestick Charting” a John Wiley publication.

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