Next Move May Be A Stunning $3,620 For Gold & $125 Silver
December 27, 2012
The following charts were put together exclusively for King World News by Kevin Wides, out of Switzerland. Once again, this is a way for all King World News readers globally to take an important step back and look at the big picture in both gold and silver as we head into 2013. These charts show the next pulse higher for gold and silver may stretch to $3,620 and $125, respectively.
The chart below shows consolidations in gold since 2005 and the subsequent price moves higher. You can see from the angle of the curve that the next trajectory move for gold should be above $3,000. If you look at the move in gold following the first consolidation of 71 weeks, once gold broke out it advanced roughly 50%.