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Kitco News speaks with Jim Wyckoff to see if he thinks gold bulls still have momentum on their side on this edition of “Technically Speaking.” Wyckoff says the near-term uptrend for gold & silver remains in place. “So the bulls do still have some technical momentum on their side.” He also comments on the $15 billion gold scandal coming out of China and what this could mean for the metal’s prices. “The China news overnight prompted maybe a bit of selling pressure just because of the uncertainty of the matter,” he says. “I suspect it’s not going to be a longer term bearish development.” Tune in now to hear why Wyckoff gives gold & silver their higher market ratings yet, and to get his key support and resistance levels for the metals. Kitco News, June 26, 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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