Bid For Gold In The Long Weekend, Limit Downside In Market: Jim Wyckoff

Housing Data was released this morning and earlier this afternoon Fed Chair Janet Yellen spoke at the Economic Club of New York; Kitco News has Jim Wyckoff to comment on how all this may affect gold. Wyckoff says the gold market is seeing a bit of a lift on Wednesday from yesterday’s lows. “Partly due to the weaker than expected housing data,” he adds. Looking over at tensions in Eastern Europe, Wyckoff says he was surprised to see the gold market selloff sharply on Tuesday given the escalating issues between Ukraine and Russia. “It is my bias that heading into a long three-day weekend in many countries that gold will probably see a bid come in,” he says. Wyckoff also comments on China’s growth data as well as gives his market ratings for gold & silver on this edition of “Technically Speaking.” Tune in now! Kitco News, April 16, 2014. (show less)

Housing Data was released this morning and earlier this afternoon Fed Chair Janet Yellen spoke at the Economic Club of New York; Kitco News has Jim Wyckoff to comment on how all this may affect gold. Wyckoff says the gold market is seeing a bit of a lift on Wednesday from yesterday’s lows. “Partly due to the weaker than expected housing data,” he adds. Looking over at tensions in Eastern Europe, Wyckoff says he was surprised to see the gold market selloff sharply on ... (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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