More Weakness Ahead For Gold and Silver -Gary Wagner #5096
b'Gary Wagner joined us for a review of current gold and silver price action and trends. Gold hit its low last month, at just under $1700. Now it\\u2019s at $1724. Yesterday we had a weak dollar and US equities moving higher. Gold can\\u2019t get out of its own way and everything is negative for it. Short-term we\\u2019re in\\xa0 bearish mode. Below 50 and 200 day moving average. At the same time deficits are escalating out of control. A series of events are occurring that are driving it down, but there\\u2019s good support at $1700. From what we\\u2019re looking at now, we could see some pressure in both metals, so it\\u2019s a good time to buy. August was the beginning of a multi-month correction. There\\u2019s still weaknesses in the market. Bitcoin hit $60k and now it has corrected. Gary now has a bitcoin report. Gary\\u2019s son went short at $60k and expects it to retrace to $45k. Now we\\u2019re seeing corporate acceptance.'