Gold: In a Range of a Range, of a Range – RESET w/ Vince Lanci (FMX Connect)

[youtube Uwm162dP70o]

A range-bound gold market and the FED/FOMC meeting are the hot topics on today’s episode of “RESET” with Vince Lanci of FMX Connect. Lanci recounts for us the market’s reaction to Bernanke’s comments, beginning with the sharp sell-off and ending with a basically unchanged market. Lanci believes, however, that there is more money underneath waiting to buy than there is money above waiting to sell; he says this, along with other key factors, support his view that we may soon be ready for a run to $1,700 and above. Furthermore, Lanci provides us with some specific criteria for what he believes will signal a break-out in the gold market. For Kitco News, Daniela Cambone reports. April 26, 2012.

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.