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. If you replicated that move exactly, it will take gold to $6,300.” From Tom Fitzpatrick’s latest report: “Gold still remains above the supports in the $1,520 area which the market has tested three times over the past year. The parallel of the trend across the highs also comes in here (currently at $1,532). The first resistance level to watch is $1,665 which is the trend line down from the highs ... (full story)