More Uncertainty Post-FOMC, Gold Bulls Back On The Defensive – Jim Wyckoff
Gold is modestly lower Thursday and Kitco News speaks with senior
technical analysts Jim Wyckoff to see where he thinks the metal is
headed for the rest of the week. Jim says the gold and silver market are
at the palm of the U.S. dollar index’s hand. “The bears do have the
near term technical advantage and that means the path of least
resistance for prices is sideways to lower, same goes for silver,” he
says. “Those FOMC minutes on Wednesday afternoon in my mind only added
more uncertainty to an already uncertain marketplace.” Jim gives both
gold and silver weaker market ratings for the week. Tune in now to find
out why. Kitco News, April 9, 2015.
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