KITCO NEWS — Although gold’s rally so far this year is promising, one popular newsletter writer says he expects one final leg down in prices from here. ‘I think this is a good rally, the right people are bullish,’ Grant Williams, publisher of the Things That Make You Go Hmmm… newsletter, told Kitco News on the sidelines of the world’s largest mining convention in Toronto. ‘But I am kind of waiting for one more pullback. Gold always has that propensity to kick everybody in the teeth one last time, so I’m waiting for that to happen,’ he added. Tuesday, gold prices managed to trade close to last week’s 13-month high in early morning trading, after falling back. April Comex gold futures were last quoted up $2.30 at $1,266.30 an ounce.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
