GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Thursday, July 31, 2014

Gold Down For Third Day, Europe Feeling The Pinch - Jim Wyckoff

Daniela Cambone speaks with Jim Wyckoff as the Dow hits the triple digit territory and gold is under pressure for a third day in a row. “We see a four week low in the gold market,” he says. However, he says that bad economic news coming out of Argentina and Europe may eventually support the metal. Wyckoff also comments on US stock markets and how he sees US data playing a role in affecting asset flows. “You may be seeing a ‘buy the rumor, sell the fact’ situation in the stock indexes.” With regards to Europe, Wyckoff says that data coming out of the region may prompt regulators to continue generating easy money out of the EU. Tune in now to find out his key levels and market ratings for gold & silver. Kitco News, July 31, 2014.

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