In the aftermath of a significant move in gold and silver prices to start 2014, today Kevin Wides out of Switzerland sent King World News a fantastic piece which illustrates the roadmap to $4,000 gold and skyrocketing silver prices. Below is what Wides had to say along with his outstanding charts:
Last week may well have been be the defining week and month for both Gold and Silver. Let’s look at the facts presented by the charts.
Gold: Markets tend to move in 5 waves, 3 in the direction of the trend (waves 1 – 3 – 5 ) and 2 against trend (waves 2- 4). The important thing to note here is that wave 5 on gold’s monthly bull chart has not occurred yet. Waves 2 and 4 show alternation in price action, which is indicative of countertrend moves in the 5 wave cycle.
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