Today one of the greats in the business said the gold market has seen a major breakout that targets $1,700, but here is another bullish catalyst for the Metal of Kings.

January 6 (King World News) – 
Top Citi analyst Tom Fitzpatrick:  “The breakout seen on Gold continues to follow a path very similar to that seen in the Summer of 2019 and suggests a move towards our $1,700 target.

Gold Breakout Following Similar Path Of Summer 2019 Breakout…Suggests Move Toward $1,700 Target

The break above the $1,480-$1,485 on Gold paints a picture that is very similar to what we saw as we broke out in June 2019. It has since also broken the trend highs overnight (set in Aug-Sept 2019) at $1,555-$1557. A sustained break (at least daily close) further validates our view that we could see a move towards at least $1,700 this quarter

Mining legend Ross Beaty (Chairman Pan American Silver) is investing in a company very few people know about. To find out which company CLICK HERE OR ON THE IMAGE BELOW.

Oil has also continued to move higher and looks to be on the cusp of a breakout.

ANOTHER GOLD CATALYST: Oil Now On The Verge Of A Major Breakout

Our bias has been that Crude looked set to complete a double bottom within a triangle that suggests higher levels can be seen. We are now potentially on the cusp of that break. A weekly close above $63.38, if seen, completes this double bottom and suggests the possibility of a move back close to the October 2018 highs above $76. Strong interim resistance is likely at the April 2019 highs of $66.60.

Also read this…

James Turk – 2020 Will Be Momentous For Gold & Silver
James Turk – The Iranian Trigger And Why 2020 Will A Be Momentous Year For Gold & Silver CLICK HERE TO READ.

One of Gerald Celente’s greatest audio interviews ever has been released and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

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