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$1,260: The Invisible Wall Holding Back Gold

Commentaries & Views

(Kitco News) - Gold has reached the near-term resistance level of $1,260. It has struggled the last couple of times it has approached this level. A pull back to $1,225 would not be a surprise and probably a great buying opportunity. Silver looks great and 17.00, which seems like a new support level

There is no fear or volatility in any markets, nothing scares the markets. Terrorists attacks, lousy date, doesn’t matter, equities work higher.

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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