Analytical Charts - Jim Wyckoff
May And Comey Hammered Thursday
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
(Kitco News) - Theresa May’s plan for a snap election has backfired, she was beaten by Jeremy Corbyn in another round of surprising upsets. Then, Jim Comey showed his true colors as a leaker. May’s defeat caused the British pound to get hammered but was still considerably higher than its Brexit low. As it turns out, Comey was the leak at the White House and could now face charges for revealing information.
With all this unrest gold is lower looking to test the $1,270 level and silver looking for 17.00. Oil remains weak while the Loonie is on support at 74 and should go higher from here. We will call the top of Bitcoin with Jim Cramer calling for Bitcoin 1 Million. “Bitcoin Price Can Reach $1 Mln: CNBC's Jim Cramer”. Bubbles are always missed because Investors are never worried at the top of a GREED cycle. See 1929, 1987, 2001,2008 No need to worry we have high tide of prosperity.