Kitco
News’ Jim Wyckoff talks gold and silver after a full docket of mixed
economic data this week, which has impacted the metals. “We had a
corrective technical pullback, some profit taking from shorter-term
traders to put some modest downside price pressure on gold late this
week,” he says. “But overall, the technical posture remains bullish.
We’ve got an uptrend in place on the daily chart for both gold and
silver.” Looking over at other metals, Wyckoff says the weak data that
came out of China will most likely continue hurting the base metals. On
the other hand, silver saw an impressive upside breakout a few days ago
said Wyckoff. “So, the [silver] bulls have gained technical momentum.”
Watch now to hear Wyckoff’s market ratings for gold and silver, which
haven’t looked this high in quite a while. Kitco News, February 20,
2014.Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors:http://kitcomm.com – Or join the conversation on social media: @KitcoNewsNOW on Twitter: http://twitter.com/kitconews— Kitco News on Facebook: http://facebook.com/kitconews — Kitco News on Google+: http://google.com/+kitco — Kitco News on StockTwits: http://stocktwits.com/kitconews
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