After KWN exposed the lack of liquidity in London, gold and silver staged a big rally on Monday. But according to one of the greats in the business investors should look for further gains in the Metal of Kings (Gold).
Short-Term Gold Target
February 22 (King World News) – Top Citi analyst Tom Fitzpatrick: Gold: after failing to sustain the decline below the pivotal support level at $1765, the precious metal rebounded strongly to close back above a good resistance range at $1796-$1803. According to the 2012-2013 overlay, the precious metal rallied more than $250 after negating a similar horizontal support, and therefore our bias is that the rebound could accelerate towards the pivotal resistance range at $1955-$1966, which consists of the Nov 2020 and Jan 2021 highs and a 61.8% Fibonacci level.
Billionaire Eric Sprott Buying
To find out which company billionaire Eric Sprott just bought a 12% stake in click here.
KWN has just released an audio interview with legendary Pierre Lassonde and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
Also released! Liquidity Crisis In London Sends Gold & Silver Prices Surging CLICK HERE TO READ.
Also released! Greyerz: THE CLOCK IS TICKING – We Are Going To See Massive Wealth Destruction And The Greatest Transfer Of Wealth In History CLICK HERE TO READ.
Also released! Crisis Brewing In London As Gold Liquidity Dries Up – “No Liquidity At All…Whole Situation Extremely Precarious” CLICK HERE TO READ.
Also released! ALERT: No Gold Or Silver Available In Size In London Or Zurich Switzerland CLICK HERE TO READ.
To listen to Alasdair Macleod discuss the shortage of available physical gold and silver in London and Zurich and what to expect next in the metals markets CLICK HERE OR ON THE IMAGE BELOW.
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