Kitco News gets Jim Wyckoff's take on the gold and silver market as we
start the new year. Wyckoff remains bearish on both metals and
attributes low prices to a higher U.S. dollar index and slow U.S.
economic recovery. "The trend recently in U.S. economic data has been to
be upbeat," Wyckoff says. "Until that trend changes, I continue to look
for more upbeat economic data coming, including probably an upbeat jobs
report on Friday." Looking over at Europe, Wyckoff says that data this
week shows low inflation in the eurozone which implies the ECB will
continue with its easing monetary policy. "That should be an underlying
positive factor for gold although the euro currency has been under some
pressure this week, despite some better economic data coming out of the
EU," he adds. Watch now to hear Wyckoff's key support & resistance
levels for gold & silver on the first week of 2014. January 8, 2014
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