Cycles Say Gold’s Low In November

Are the cycles saying gold reached its bottom? Kitco News’ Daniela Cambone speaks with David Gurwitz, managing director at Charles Nenner Research Center, about gold’s volatility and what the cycles are saying about the metals. “People went crazy the other day when gold was up 37 points,” Gurwitz says. “According to us, we are looking for a low in gold at the end of November, the same for silver. So the move was only a bounce.” According to Gurwitz, gold prices are flashing sell signals as cycles are down; the yellow metal could even retest $1,200. However, if gold closes above $1,330, Gurwitz says this would be a short-term buy signal. Watch now to hear more of his comments on gold, silver, treasuries and stocks, among other things. Kitco News, October 22, 2013. (show less)

Are the cycles saying gold reached its bottom? Kitco News’ Daniela Cambone speaks with David Gurwitz, managing director at Charles Nenner Research Center, about gold’s volatility and what the cycles are saying about the metals. “People went crazy the other day when gold was up 37 points,” Gurwitz says. “According to us, we are looking for a low in gold at the end of November, the same for silver. So the move was only a bounce.” According to Gurwitz, gold prices are ... (read more)

On The Spot

On The Spot
Editor-in-Chief Daniela Cambone puts some of the A-list names in the commodities space 'on the spot'. From key political & economic leaders to metal market opponents, she has guests from all over the globe answer some of the most challenging questions surrounding the resource industry. Tune in to hear what the elite have to say about the hottest topics in the industry.

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