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....
To continue reading the Tom Fitzpatrick interview below please click here...
In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.
Please remember to check your spam folder once you have subscribed to ensure that your verification has not gone astray and you are getting our emails.