Gold & Silver Getting A Divorce? – Chart This! | Kitco News

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Kitco News gets Gary Wagner’s take on gold prices last week and where he sees the yellow metal headed. Wagner says that gold’s price movements following Wednesday’s Fed announcement was simply a corrective action in the market. “We’ve seen a $200 move [in the gold market], and when you see that kind of move, corrections or rounds of profit taking are not only to be expected but I believe they are very healthy for the market,” he adds. Looking over at silver, Wagner says the metal has been struggling to keep up with gold’s movements and says that the metal’s next move is anybody’s guess. He also comments on the upcoming GDP numbers expected to come out later this week and says he will be closely watching the data. Tune in now to get an in-depth analysis of the gold market and hear why Wagner thinks gold may potentially be entering a 2-year long supercycle. Kitco News, March 24, 2014.

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