Short Squeeze In Gold Set To Create Violent $340 Surge
January 23, 2014
On the heels of a strong surge in gold and a mini-plunge in stocks, today top Citi analyst Tom Fitzpatrick sent King World News an incredibly important chart which shows that gold may now be set for a massive advance. Fitzpatrick also commented on what appears to be a developing short squeeze in gold. Below is the all-important gold chart that all KWN readers around the world need to see, along with Fitzpatrick’s comments.
Eric King: “Tom, we’ve started to see a surge in gold here. What are your thoughts on the gold market?”
Fitzpatrick: “Gold is beginning to look quite good technically. We’ve had the double-bottom around $1,182. Coming out of those lows gold posted a bullish weekly reversal which seems to have set the base, at least for the moment….