Jim Wyckoff is interviewed by Daniela Cambone of Kitco News regarding gold’s price movements as well as how he sees copper set up after dipping to a four-year low.
Wyckoff says that safe-haven demand is coming back into the gold market given the unrest in Ukraine and Russia. “I think this weekend is going to be a pivotal point for the market place regarding this Ukraine situation,” he said. Looking over at the base metals, Wyckoff says that although copper prices have dropped, the metal is probably close to a bottom.