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The gold rate is headed back to $2,000 an ounce once it breaches crucial resistance levels, claimed Peter Grandich, owner of Peter Grandich & Firm.
" One of the most attractive technical graph I've ever before seen on any market was revealed. There's a remarkable mug and take care of formation now on gold returning 10 years as well as it coincided with an outright all-time bottom in relative stamina, which recommends to me that nobody was bullish, market was very oversold, as well as the best technical pattern you can ever have was a cup as well as take care of development," Grandich told David Lin, support for Kitco News.
0:00 – Support up the vehicle for gold
4:12 – Uranium
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Going all-in on gold; Peter Grandich makes the case to ‘back up the truck’ now (Pt. 2/2)
Watch part 1 of this interview: https://youtu.be/wCgbOADbjoY
The gold price is headed back to $2,000 an ounce once it breaches key resistance levels, said Peter Grandich, founder of Peter Grandich & Company.
“The most beautiful technical chart I’ve ever seen on any market was shown. There’s a wonderful cup and handle formation now on gold going back 10 years and it coincided with an absolute all-time bottom in relative strength, which suggests to me that nobody was bullish, market was extremely oversold, and the greatest technical pattern you could ever have was a cup and handle formation,” Grandich told David Lin, anchor for Kitco News.
0:00 - Backing up the truck for gold
4:12 - Uranium
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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