Technical Clue Of Near-Term Low For Gold, Ukraine On The Radar: Wyckoff | Kitco News

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Kitco News speaks with Jim Wyckoff on this volatile Thursday in the gold market. “We hit a 2.5-month low in early trading Thursday,” he says. However, more news regarding the unrest in Ukraine surfaced, which Wyckoff says injected some fresh safe-haven demand into gold that pushed prices solidly higher. Wyckoff adds that the daily bar chart may show an early technical clue that the gold market has put in a near-term low. Looking over at options, Wyckoff says that May expirations today also contributed to fluctuations in the gold market. “I would not be surprised some of the early pressure that we saw was related to some options activity and maybe even some of this rebound too.” Tune in now to get his thoughts on U.S. equities as well as his market ratings for gold & silver. Kitco News, April 24, 2014.

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