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Gold And Silver Are Back After Taking A Rest

Commentaries & Views

(Kitco News) - After breaking out to the upside on Monday both Gold and Silver took a little rest on Tuesday. Gold pulled back to 1,262 overnight, after seeing solid support at 1260. Silver fell back to 17.22, with solid support at 17.00. Both precious metals look good and should bounce from here, there is something underneath the surface pushing the metals higher.

Bitcoin has settled down but is still in a bubble with some calling for 10,000 – 100,000 Bitcoin over the next 5 years. We will call the short-term top here with the wild bulls of Bitcoin calling for ridiculous levels out of nowhere. 

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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