OUTLOOK 2014: Chart This! Looks at Gold in the New Year, Part 2 – Kitco News

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Gary Wagner is on Kitco News to share part two of his 2014 gold outlook. “I do believe that through the end of the year, we could see lower pricing [for gold] and we could stay under $1,200,” Wagner says. With regards to last week’s Fed taper announcement, Wagner says what is interesting to note is the fact that they intend to maintain low interest rates. “Of course, low interest rates are a bearish scenario for the precious metals markets,” he says. “I am looking for the market to bottom at $1,150-$1,181. If it cannot hold that area, $1,042 is the next stair we would logically look at.” Watch now to hear which precious metal he expects to shine the most in 2014 and to hear his analysis on the equity market, gold market and quantitative easing. Kitco News, December 23, 2013.

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