Published on May 22, 2014 by Kitco NEWS
Following gold’s volatility Thursday morning after the release of key economic data, Jim Wyckoff is on Kitco News to explain the metal’s moves and how he sees it set up for the long weekend. “I think the next big development is probably going to be the Ukrainian presidential elections [on Sunday],” Wyckoff says. “Going into a long U.S. holiday weekend, I sure would not want to be short gold,” he adds. Wyckoff also says there may be some short covering, bargain hunting and even safe-haven demand for gold on Thursday and Friday ahead of the ‘uncertain’ weekend. Tune in now to hear his market ratings and key levels for both gold and silver. Kitco News, May 22, 2014.
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