King World News published an interview with Citibank analyst Tom Fitzpatrick this week, outlining the technical reasons for why gold and silver may be setting up for a big rally in the near future. If Fitzpatrick is right, silver could lead the rally to record highs.
“Our bias has been that even though the down-move came a little bit deeper than expected, it was still a corrective move within the overall broad-based uptrend. And the recent action in the silver market has really started to support that.
Silver did a perfect 76.4% retracement of the entire 2008 to 2011 move. Last week silver had a ‘positive outside week,’ closing at the highs of the move effectively (see chart below). This strongly suggests that silver may push to the topside.”
Read the Full Interview Here
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
A Roadmap to $3,000 Gold & $100 Silver
King World News published an interview with Citibank analyst Tom Fitzpatrick this week, outlining the technical reasons for why gold and silver may be setting up for a big rally in the near future. If Fitzpatrick is right, silver could lead the rally to record highs.
Read the Full Interview Here
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog