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Message: Citi: "Gold Is Putting In A Base"
With silver's best week in over six months and gold testing3-month highs, Citi's FX Technicals group believes gold continues to look constructive overall with a test of $1,361 and eventually $1,433 expected. Rather ominously, from a broad perspective, they would not be surprised to see an inverse correlation between gold and equities just as was exhibited throughout the last bullion bull market in the 1970's. http://www.zerohedge.com/news/2014-02-08/citi-gold-putting-base (Incidentally, Gary Savage says we'll see $1,923 Gold this year!).
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