Gold And Silver Are Back After Taking A Rest
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
(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.