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Citi's Fitzpatrick's charts bullish; Hinde's Mahaffey sees debt underpinning gold
8:10a ET Wednesday, March 6, 2013
Dear Friend of GATA and Gold:
Technical analysis of markets as heavily intervened against by governments as the monetary metals markets is of marginal value, but writing for King World News today, Citigroup analyst Tom Fitzpatrick provides charts suggesting that gold, silver, and oil prices have found strong support:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/6_Sil...
And Hinde Capital's chief financial officer, Mark Mahaffey, argues in commentary headlined "Is It Safe?" that continuing explosive debt creation promises higher prices for gold and that central banks, now net purchasers of gold, know as much:
http://www.hindecapital.com/blog/is-it-safe/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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