Contributed Commentaries
Bitcoin Hits 3000, Gold, and Silver Flat
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
The Bitcoin bubble grows along with the legend of other Crypto Currencies. For the first time, Bitcoin traded over $3,000 today and shows no sign of weakness. The parabolic move has everyone jumping in and some analysts have called for Bitcoin 1 million. The possibility is real but not without this bubble popping first.
Gold and Silver are relatively flat after being under a little pressure last week, support in gold should be around 1260 and silver 1700. The FED reports this week which could influence the metals, we look for support to hold and take another run at the recent tops.
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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