Gold Poised To Super-Surge 150% & Silver A Staggering 300%!
- Gold Poised To Super-Surge 150% & Silver A Staggering 300%!!
by www.kingworldnews.com
On the heels of continued fierce action in the gold and silver markets, today top Citi analyst Tom Fitzpatrick spoke with King World News about an expected 150% super-surge in the price of gold, and a staggering 300% in silver. He also included 4 fantastic gold and silver charts which illustrate how this enormous advance will begin.
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Eric King: “Tom, we are continuing to see these advances in gold and silver that you predicted would happen. Let’s start with gold.”
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Fitzpatrick: “Yes. Overall we are still of the view that what we saw was a very deep correction in secular bear market, but a correction nonetheless. The platform which has now been established with the recent low, below $1,200, is going to be a platform for a substantial move higher….
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So we believe we are back into that track where gold is the hard currency of choice, and we expect for this trend to accelerate going forward. We still believe that in the next couple of years we will be looking at a gold price of around $3,500. As the gold/silver ratio plummets near 30 (see chart below), this would also suggest a silver price above $100.”
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