Gold crawled back above the 50-day moving average this week and silver is breaking out. Will the trends continue next year? Host Craig Hemke sits down with Chris Vermeulen of the Technical Traders to break down all the gold and silver news you need as 2020 winds to a close.
In this edition of the Weekly Wrap Up, you’ll hear:
- Why gold is primed and ready for a new leg up
- Which metal is really hot right now
- Plus: Bitcoin’s big moves
“I really like gold. The price action we’ve seen—where it hit 1800 and kind of washed out, more or less where price broke out back last July. So that 1750 area, there was a little consolidation back in July before gold just started that massive run from 1750 all the way to almost 2100. And so, that’s where price dipped all the way back down, it got down to the 1800 -1750 area, which, believe it or not, was a Fibonacci-measured move from the August highs…”