According to Citi technical analyst Tom Fitzpatrick, the
charts are saying that gold prices are heading up. He has recently been calling for the yellow
metal to hit $2,400 by the end of the year.
But in a new interview on King World News, Fitzpatrick says
that $6,300 wouldn't be unreasonable.
When we look at the move in 2006/2007, if we follow that
trajectory it should take gold up towards $2,400. But we see no reason why this gold trend
cannot perform as well as the last bull market in gold between 1970 and 1980...
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