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Kitco News speaks with Gary Wagner about gold and silver as markets close for Martin Luther King Jr. Day. Wagner says that gold is currently at an important crossroads and a lot can be deduced from its next move. “We’re right at the point at which if [gold] breaks through the resistance line it’s a very bullish signal. If it backs off, it tells us something different,” he says. “Gold is attempting to find footing.” With regards to silver, Wagner says that it is reacting a lot differently than the yellow metal. “It has been trading in a defined range,” he says. “If you look at a gold chart and compare it to a silver chart where you see a nice little rally that has developed in gold…silver has almost been flat lined.” Wagner focuses on this crossroads for gold. “I think that this will be a very telling week as to whether or not [gold] will break through or back off.” Tune in now for more analysis from Gary Wagner. Kitco News, January 20, 2014.
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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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