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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