Today the man who has become legendary for his predictions on QE and historic moves in currencies and metals warned King World News that the everything bubble is bursting and now it is all about economic survival.
Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that gold’s breakout is very real, despite the continued volatility.
As we come to the end of trading in the month of July, the gold market is completely mispriced but that will change in August.
Here is where things stand after yesterday’s gold and silver takedown.
As the price of oil surges above $80 there are some wild cards that could send the price to $130.
On the heels of the US dollar surging and gold and silver continuing to consolidate recent gains, here is a look at what else you need to watch.
King World News note: A major US dollar break down will send the price of gold to new all-time highs and the price of silver well above $30. This will also send the price of the high-quality mining and exploration stocks soaring.
The price of gold moved higher and the US dollar weakened on the heels of the Fed’s decision and Powell’s post hike interview.
What’s next after big banks turn bearish on the US dollar?
Ahead of the Fed’s decision on interest rates, the CRB Index is breaking out on the upside creating more worries about inflation.