Wednesday, July 24, 2013

Gold To Surge $180 & Silver Set For Massive 35% Advance

"With trading in the $1,350 area, and silver rebounding near $20.50, today top Citi analyst Tom Fitzpatrick sent King World News three fantastic charts covering both the gold and silver markets, and told KWN that both markets are set to have massive price surges from current levels.  
 
Here is Fitzpatrick’s outstanding interview along with 3 tremendous charts:  “Gold is really now looking like it is set to make a move higher.  Gold had these initial support levels which the down-move had taken gold to, but gold has now pushed back above those important areas.

We would like to see a weekly close above this $1,322 area, which represents the lows we had in the April down-move.  That weekly close will open up the gold market for continued upside.  The next target after that would be to continue to rally and retest what was the impulsive breakdown at the $1,522 zone, which would represent roughly another $180 on the upside for gold (see chart above).”

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