Safe Have Demand Still In The Cards For Gold

Kitco News speaks with Jim Wyckoff about the government shutdown, the upcoming FOMC meeting minutes release and gold prices on this edition of “Technically Speaking.” According to Wyckoff, the sense of the marketplace right now is that the US government will come to a budget agreement and raise the debt ceiling. “However, if that does not happen, then I think you will see strong safe haven demand pour into the gold market,” he adds. In 2011, Standard’s & Poor downgraded the credit rating of US government bonds for the first time in the country’s history following their decision to increase the debt ceiling. If the government misses a debt obligation, this may be a possibility, Wyckoff says. Watch now to get Wyckoff’s market ratings for gold & silver as well as key support and resistance levels. Kitco News, October 9, 2013. (show less)

Kitco News speaks with Jim Wyckoff about the government shutdown, the upcoming FOMC meeting minutes release and gold prices on this edition of “Technically Speaking.” According to Wyckoff, the sense of the marketplace right now is that the US government will come to a budget agreement and raise the debt ceiling. “However, if that does not happen, then I think you will see strong safe haven demand pour into the gold market,” he adds. In 2011, Standard’s & Poor ... (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!

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.