Can Gold Keep Up The Pace? – Jim Wyckoff

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Last time Jim Wyckoff was on Kitco News, there was a big jump in gold prices. What is in store for the metal this week? According to Wyckoff, gold is in the middle of a trading range. “Any flare ups in the geopolitical tensions in several hot spots of the world, and my bias is that this will be the case, is going to be supportive for gold.” He also says he will be looking at German GDP data to be bullish for gold since he expects downbeat numbers from Europe’s leading economy. “That’s probably going to put some downside pressure on the euro currency however I suspect it’s going to be a positive underlying factor for the gold market because of the safe-haven status.” Tune in now to hear his market ratings for gold & silver as well as some key levels for the week. Kitco News, August 12, 2014.

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