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Kitco News welcomes back Jim Wyckoff to discuss today’s ECB and BOE monetary policy announcements as well as the U.S. nonfarm payrolls report expected tomorrow. Wyckoff says the employment numbers will be important because the data could directly impact the Fed’s monetary policies; he said weak numbers will lead the Fed to continue its QE and bond buying programs. He will thus keep a close eye on tomorrow’s report. According to Wyckoff, the bulls don’t have enough power to sustain upside momentum from the 8-month Comex downtrend, which causes trades to be very “choppy and sideways.” Finally, Wyckoff shares his market ratings for gold and silver. Kitco News, June 6, 2013.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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