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Profit Taking in the Metals

Commentaries & Views

Editor's Note: Veteran trader Todd "Bubba" Horwitz will be bringing his insights and tell-it-like it is attitude to Kitco News every morning as part of a guest series on Wake up to Bubba and get what you need for your metal mornings!

(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

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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