CITI: Gold will surge to $2,400 within 12 months

Business Insider
May. 01, 2012

...We’ve done that again here, and the present pattern we look at is setup similarly to that of 2006. In 2006 we had a similar type of consolidation and sideways moving pattern, which eventually gave way to a significant push to the topside. We believe the same thing is happening again here.

We’ve already iterated a target in the more medium to long-term of $3,400, and over the next twelve months as high as $2,400. We believe gold is now setup, with a bullish weekly reversal last week, to make its next move higher.

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