With gold and silver still consolidating longer-term gains, today King World News interviewed legendary technical analyst Louise Yamada to see where things are heading from here. When asked about the recent action in the gold market Yamada responded, “On the initial pullback, gold held above $1,700 and I think that’s important. I would like to see gold continue to consolidate here, it would be healthy if it would just do some backing and filling. I think this is healthy action, but I want gold to continue to hold above those lows. I would not like to see us have a rollover at this point that goes below $1,750.”
Louise Yamada continues: (more)
No comments:
Post a Comment