Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent King World News an update as gold and silver are now close to upside breakouts.

Gold
August 4 (King World News) – Here is a small portion of a major report from Michael Oliver, Founder of MSA Research:  The stock market’s momentum action last week indicates renewed downside in that category is about to start.

And with the technical, fundamental, monetary, and market dynamics globally now (especially in the U.S.), and which will become more apparent and dynamic in the coming months, gold is nowhere near reaching even the gains that its prior bulls achieved with lesser factors in play: eight-fold moves from bear low to high. For the current market, such a gain would argue for over $8000.

KING WORLD NEWS NOTE: If The Current Bull Market Merely Equals Previous Bull Markets That Will Send The Price Of Gold To $8,000+

Those external realities, we argue, make this bull trend different. We aren’t predicting that price level as a technical must; we’re just showing the reality since gold was legalized in the U.S. Frankly, something well beyond such price levels could easily be seen. Only this time around it’s likely after crisis levels are reached that some countries, then more countries, will  revert to gold as real money rather than sticking with the silly experiment of fiat currencies. Why? Due to economic reality and instability smacking those countries in the face and altering prevailing academic and institutional views of fiat money and central banks—meaning a total rethink of government monopoly control over the quantity and pricing of the essential economic transaction commodity: money.

We’ll see, but frankly, we expect it. (That expectation, however, is not part of our ongoing technical assessment.) You must subscribe to Michael Oliver’s MSA Annual Service to get his special reports as well as his stock picks which have dramatically outperformed the XAU Gold Mining Index.  MSA also lists individual mining stocks in their reports that significantly outperform the HUI Gold Mining Index.  To receive the special KWN discount to subscribe to Michael Oliver’s internationally acclaimed MSA Annual Research and gain access to their research and stock picks CLICK HERE.

Gold, Silver And Mining Stocks!
To listen to James Turk discuss the possibility of the gold price reaching $51,000 as the Fear Index surges to Great Depression highs CLICK HERE OR ON THE IMAGE BELOW.

Gold & Silver!
To listen to Alasdair Macleod discuss the wild trading in global markets and what to expect next CLICK HERE OR ON THE IMAGE BELOW.

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