Gold target US$4,700 by 2016

Ron Rosen, who has been trading the markets for more than 40 years puts a strong case forward for gold in its next move to reach $4,700

On KWN overnight he posts up a chart which indicates a good picture of where gold has been and looks like heading in the not too distant future.

I am limited with my little Android pad so wonder if someone might put up the reference and chart for us to expand on this possibility.

When one considers the moves in gold through the 1970s the thiesis of Rosen is most reasonable in my view.