Here Is The Roadmap To $3,000 Gold & $100 Silver
August 13, 2013
On the heels of some extraordinary moves in gold and silver, today top Citi analyst Tom Fitzpatrick sent King World News four fantastic gold and silver charts, and also spoke to KWN about the roadmap to $3,000 gold and $100 silver. These outstanding charts illustrate what to expect from gold and silver in the future.
BElow is Fitzpatrick’s tremendous interview along with 4 key charts:
Fitzpatrick: “Overall, Eric, our bias has been that even though the down-move came a little bit deeper than expected, it was still a corrective move within the overall broad-based uptrend. And the recent action in the silver market has really started to support that.
Silver did a perfect 76.4% retracement of the entire 2008 to 2011 move. Last week silver had a ‘positive outside week,’ closing at the highs of the move effectively (see chart below). This strongly suggests that silver may push to the topside.