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Gold Rally rolls on

Commentaries & Views

Another day another rally in gold, the redundancy of it all. gold and silver continue push higher maker new highs and a regular basis and look prepped to make another run higher. The pattern remains extremely bullish and shows no sign of changing

All signs point to the rally to continue; however, at some point there will be a pullback, which is where we will be looking to add on. Since the rally began in May there has been a unique pattern that shows that the rally should continue. This week we are seeing the same pattern this week indicating there is more room to the upside

Our targets remain $1,600 gold and $18.00 in silver. Remember in the pattern we are seeing now we are looking to buy pullbacks. There is a lot of news flow that will create opportunities to buy the dips, the key here is patience and discipline waiting for the right levels to enter.

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.