With gold trading near $1,240 and silver above $17, it now appears both of these markets are setting up for massive moves to the upside. Included in the piece below is a key illustration as well as an important first target for the upside advance in the price of gold.
Below is top Citi analyst Tom Fitzpatrick’s key chart showing the breakout in gold along with his commentary which includes an initial price target for gold.
All That Glitters Is Gold
“Yesterday’s close above the neckline at $1,227/Oz confirmed an inverted head and shoulders on Gold….
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