Markets Don’t Like To Be Surprised, Except Gold – Jim Wyckoff

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Gold and silver get their highest rating in months, says Jim Wyckoff, following Thursday’s unexpected ECB announcement. “The marketplace is still digesting the more stimulative package from the ECB than expected,” he says, adding that the markets are volatile, as market watchers try to figure out what the announcement will do on a longer term basis. “I think what we’re seeing overall in the gold market is we’re seeing continued safe-haven demand, an improved technical posture and we’re also seeing more money flowing into ETFs for gold so all that is auguring for upside price action.” Kitco News, January 22, 2015.

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