Posted January 03, 2019
By Byron King
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Your Rundown for Thursday, January 3, 2018:
Golds rallied five days in a row now. With a shaky market and a weakening U.S. dollar, the rally will probably continue.
(Speaking of shaky, at the time of writing, the Dows shed 350 points. Same thing happened yesterday.)
Golds price hit a six-month high overnight and has pulled above its 200-day moving average.
Looking at the action, says Kitco, expectations are gold should see $1,300 before pulling back...There will be a pullback but that should be used as an opportunity to buy more or enter for the first time.
And golds not the only metal thats heading into a bull market. Silvers chart looks similar to golds albeit with lower prices. Silvers price is expected to float to $16 per ounce.
Buy the dips in 2019.
Market Rundown for Thurs. January 3, 2018
S&P 500 futures are down 47 points to 2,464.08.
Oils down a nickel to $46.49 per barrel.
Gold is up $7.90 to $1,292.00 per ounce.
Bitcoins down $65.33 to $3,895.6.
Have a great day. Well catch up tomorrow.
For the Rundown,