"I Don't Ever Think I'll Sell It": Gary Wagner on Gold and Silver
Sep 12, 2026 Market Updates and Analysis
Gold is sitting on a technical fault line ahead of the Federal Reserve’s September decision.
Gary Wagner, editor of TheGoldForecast.com and Kitco News technical analyst, puts support for December gold futures near $4,350, with major support just below $4,000. He also identifies resistance for silver near $71.50 and explains why corrections that once took years may now unfold in months.
Wagner joins Kitco News anchor Jeremy Szafron after August inflation rose 0.4%, market-implied odds of a September rate hike surged to nearly 89%, and gold rebounded after briefly falling below $4,300 in overnight trading.
They examine the changing relationship between gold, oil and the US dollar; the record 4,189 tonnes held by global gold ETFs; silver’s sharper volatility; and what the charts say to investors who bought near January’s record prices.
Wagner also explains how he dollar-cost averages physical metals, why he believes precious metals should represent 10% to 15% of a portfolio, and why he may never sell his own holdings.
Recorded Sept 11 2026
Follow Gary Wagner at (https://thegoldforecast.com)
Follow Jeremy Szafron on X: @JeremySzafron ( / jeremyszafron )
Follow Kitco News on X: @KitcoNewsNOW ( / kitconewsnow )
CHAPTERS
00:00 Hot Inflation, 88.7% Hike Odds and Gold Still Rises
01:10 How Oil and the Dollar Are Changing Gold’s Trade
02:57 Rate-Hike Odds Jump From 48% to 88.7%
07:05 Gary Wagner’s Key Gold Levels: $4,350 and $4,000
13:49 $18 Billion Pours Into Gold ETFs as Holdings Hit a Record
15:20 If War and Rate Hikes Cannot Move Gold, What Can?
16:49 Silver’s Fall From $120 to Its $56 Floor
19:56 Why Silver Moves Faster Than Gold in Both Directions
23:27 What the Charts Say If You Bought Gold or Silver at the Top
24:31 How Wagner Dollar-Cost Averages Physical Metals
28:43 Why This 40-Year Gold Veteran Says He May Never Sell
#Gold #Silver #FederalReserve
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