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Gold Is Breaking Out

Commentaries & Views

(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.

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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