Profit Taking in the Metals
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(Kitco News) - Gold and Silver both found reasons for a little profit taking on Thursday; silver’s correction was a little deeper than gold. The U.S. Dollar is weak again as the dollar index on its way to 95. Look for gold to hold 1240 and silver to hold 16.
The bear market in metals appears to be over and higher prices are on the horizon. The only thing holding back the metals is the Central Bank manipulation. Markets will always overcome manipulation because at the end of the day, it’s about the money