A Very Telling Week For Gold: Wagner – “Chart This!” on Kitco News

Kitco News speaks with Gary Wagner about gold and silver as markets close for Martin Luther King Jr. Day. Wagner says that gold is currently at an important crossroads and a lot can be deduced from its next move. “We’re right at the point at which if [gold] breaks through the resistance line it’s a very bullish signal. If it backs off, it tells us something different,” he says. “Gold is attempting to find footing.” With regards to silver, Wagner says that it is reacting a lot differently than the yellow metal. “It has been trading in a defined range,” he says. “If you look at a gold chart and compare it to a silver chart where you see a nice little rally that has developed in gold…silver has almost been flat lined.” Wagner focuses on this crossroads for gold. “I think that this will be a very telling week as to whether or not [gold] will break through or back off.” Tune in now for more analysis from Gary Wagner. Kitco News, January 20, 2014.

Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: — Or join the conversation on social media: @KitcoNewsNOW on Twitter: — Kitco News on Facebook: — Kitco News on Google+: — Kitco News on StockTwits:

source