Look at Outside Markets for Gold Clues – Technically Speaking w/ Jim Wyckoff

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Gold prices are up, reaching 2.5 month highs amidst bullish “outside markets”, and silver is up as well, experiencing an upside technical breakout early in the week, also on the back of bullish “outside markets”. So what more can be gleaned from these outside markets which seem to be having such a drastic effect on metals prices? Kitco’s technical analyst Jim Wyckoff attempts to answer that for us in today’s episode of “Technically Speaking”. Jim explains why he believes gold is nearing an upside technical breakout, much like the one seen with silver prices earlier in the week, and gives us his market ratings and expectations for the metals in coming weeks. Kitco News, August 21, 2012.

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