Gold Is Breaking Out
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
(Kitco News) - Gold is breaking out this morning knocking down the invisible wall at $1,260 that was holding it back. Although the equity markets are on new highs, gold is indicating there are underlying problems that can’t be manipulated away by the FED. Silver is also joining the party and both have room to run.
Market manipulation and printing money are never the answer, the FED and central banks around the world have no clue how markets work, and gold and silver are sending a message that there may be troubles brewing.