SilverDoctors, Published on Jan 11, 2017
Gold is consolidating around $1180. There’s resistance near the $1200 level. Gold has been hovering right below that level, and if it breaks through, it could go much higher as the specs scramble to cover their shorts.
In our interview last week with the GATA’s Bill Murphy, the PM Expert advised gold and silver could make new highs this year.
For silver, Murphy is looking for the volatile metal to first break through $17.20, then the 2016 high near $21.