Gold Still Has Potential To Hit All-time High - Jim Wyckoff

Nov 30, 2016
Guest(s): Jim Wyckoff Market Analyst and Columnist

Although gold prices are solidly lower Wednesday, hitting 10-month lows, Kitco’s senior technical analyst Jim Wyckoff sees light at the end of the tunnel. ‘On a longer term basis, I do think that gold prices at present values are longer term value-buying opportunity,’ he told Kitco News. ‘I don’t think I’m going too far out on a limb when I say that I think in the next decade, or even sooner, we’ll see gold at new all-time highs.’ February Comex gold futures settled the day 1.4% lower at $1,173.90 an ounce. On silver, Wyckoff says he’d expect sideways to lower trading over the short term. ‘Both gold and silver markets are firmly in bearish technical posture.’ (show less)

Although gold prices are solidly lower Wednesday, hitting 10-month lows, Kitco’s senior technical analyst Jim Wyckoff sees light at the end of the tunnel. ‘On a longer term basis, I do think that gold prices at present values are longer term value-buying opportunity,’ he told Kitco News. ‘I don’t think I’m going too far out on a limb when I say that I think in the next decade, or even sooner, we’ll see gold at new all-time highs.’ February Comex gold futures settled ... (read more)

Technically Speaking

Technically Speaking
Kitco’s Senior Analyst Jim Wyckoff has his charts come to life every Thursday on Technically Speaking. From key price targets to his weekly market rating for gold & silver, viewers really get a chance to understand how the technicals are impacted by the headlines. Will gold get a passing grade this week? Watch to find out!

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