- The Gold Market May Stun Participants With A Move To $6,300!
Today Tom Fitzpatrick told King World News, “We see no reason why this gold trend cannot perform as well as the last bull market in gold between 1970 and 1980.” Fitzpatrick also stated that a replication of that move, “… will take gold to $6,300.”
Here is what top Citi analyst Fitzpatrick had to say, along with some powerful charts: “The longer gold consolidates, the more we believe it sets up the platform, like 2006/2007, for the move higher. Certainly if we start to get a move up through $1,640 to $1,650, it looks to us like the upside move is finally starting, particularly if we can push through that $1,790 level. When the move kicks in, we think it will be a very quick move to the topside….