Ken Williams: “Precious Metals Update” – Gold Goliath

Posted on :Jan 13, 2014

Gold hit a four week high Monday on short covering and bargain hunting.

As the stock market endures solid losses, investors will continue to move into gold and other hard assets.

Gold spot ended the day at $1253.80 and silver settled in at $20.42

Whether or not the Fed will allow gold to remain at $1250 and above or short the futures markets to pull it back down again is yet to be seen. Since Nov. 2013, the Fed has adamantly denied gold it’s natural course as it closed in on $1250.

Our guess is that they are not through manipulating the gold futures. We look for more corrections i.e. manipulations.

Gold Goliath is not your typical gold dealer.

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