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 a gold close above this price will trigger upside for the entire monetary metals complex.
What a top Chinese official in 2014 predicted would happen to the gold market is now unfolding.
Today Nomi Prins, who has given keynote speeches to the World Bank, IMF and Federal Reserve, told King World News that one of the largest pure play silver mining companies on the planet told her they can no longer satisfy demand from India, China, Saudi Arabia, Kuwait, etc.
This signal shows gold and gold stocks are coiled to rocket higher.
This is why China is buying so much gold.
Gold and silver are now looking beyond inflation.
This refusal to confirm gold’s weakness may force a violent rebound in the price of gold.
This is definitely going to create another massive wave of inflation.
Here is more upside fuel for the gold bull market as the IMF says global inflation is set to accelerate.
This just hit a 10-year high and it will help cement a bottom for the gold market.