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Jim Wyckoff, elderly expert of Kitco Information, called today's drop in gold a "knee jerk response."
In an interview with David Lin, anchor for Kitco Information, Wyckoff stated that the relocation came from the hawkish tone of the Federal Get, which long-lasting, the rate direction for gold and silver is still up.
Comply With David Lin on Twitter @davidlin_TV ()
Adhere To Jim Wyckoff on Twitter @jimwyckoff ()
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Why did gold price plunge $100 this week, and what's the next target? Jim Wyckoff
Jim Wyckoff, senior analyst of Kitco News, called this week's drop in gold a "knee jerk reaction."
In an interview with David Lin, anchor for Kitco News, Wyckoff said that the move came from the hawkish tone of the Federal Reserve, and that long-term, the price direction for gold and silver is still up.
Follow David Lin on Twitter @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Jim Wyckoff on Twitter @jimwyckoff (https://twitter.com/jimwyckoff)
__________________________________________________________________
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.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
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Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.