Here Is The Roadmap To $4,000 Gold & Skyrocketing Silver

"In the aftermath of a significant move in gold and silver prices to start 2014, today Kevin Wides out of Switzerland sent King World News a fantastic piece which illustrates the roadmap to $4,000 gold and skyrocketing silver prices.  Below is what Wides had to say along with his outstanding charts:    

February 19 (King World News) - Last week may well have been be the defining week and month for both Gold and Silver.  Let’s look at the facts presented by the charts.

Gold Monthly

 

Gold:  Markets tend to move in 5 waves, 3 in the direction of the trend (waves  1 - 3 - 5 ) and 2 against trend (waves 2- 4).  The important thing to note here is that wave 5 on gold’s monthly bull chart has not occurred yet.  Waves 2 and 4 show alternation in price action, which is indicative of countertrend moves in the 5 wave cycle.

Based on waves 1 and 3, wave 5 could very well have a $3,500 to $4,000 target because 5th waves in commodities tend to be very extended to the upside (see chart above).

Sentiment can be a fantastic contrary indicator.  When there are extreme bearish readings, it generally implies the market is close to running out of sellers.  2014 started with extreme bearishness in Gold, as Goldman Sachs called it “a slam dunk” sell for lower gold  prices in 2014...."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/19_Here_Is_The_Roadmap_To_$4,000_Gold_%26_Skyrocketing_Silver.html