Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Last week I commented that the weight of evidence suggested at least a short term low was in for the metals. I also suggested that gold was preparing to break out from the pennant formation.Silver’s run back up to the top of the range also looks to be underway.
Congrats if you pulled the trigger last week, under whipsaw conditions. The reward should be a profit going into the FOMC meeting today. Bulls should brace for volatility, but barring an intraday reversal, the game will be to hold on for the next gold target around $1965 and that all too familiar $24.20 level for spot silver.Follow J_GidaroDasilva [email protected] www.kitco.com
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