Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News the gold market is about to make history.
Price chart folks: look and ponder!
August 12 (King World News) – Michael Oliver, Founder of MSA Research: In the past fifty years, gold has produced three major bull trends and is now in its fourth (yes, in it). We realize that over the past few years gold bulls have given up and gold bears have dominated the talking and the chart reports. Well, the fact is that when gold peaks, it peaks! That’s its history. When gold tops it collapses sharply from its overdone high and despite sometimes repeated efforts to regain the high, it never does! If it returns to its prior high, then that won’t be the high. Even the persistent three rallies in 2012 couldn’t tag $1800 again, much less reach the $1900+ high of 2011! A bear trend followed.
Gold’s 1975 Market Top And Subsequent Collapse From $198 to $103
GOLD’S 1980 PEAK:
Gold Falls From $875 (Futures Peak Price) To Mid-$200s
2011 GOLD PEAK:
Gold Falls From $1,920 To $1,046
Today…
This time there have been three moves above $2000.
TODAY’S GOLD MARKET:
Historic Multi-Year Consolidation Not A Top, It’s A Prelude To Gold Blasting Off On The Upside!
And this time no collapse back down like in 2020 and 2022. Persistent this time. And holding well despite five months of constant selling. There are reasons…to listen to Michael Oliver discuss the historic setup in the gold, silver and mining share markets CLICK HERE OR ON THE IMAGE BELOW.
To listen to Alasdair Macleod discuss what investors need to be doing right now with their money to protect themselves and their families from the coming financial destruction CLICK HERE OR ON THE IMAGE BELOW.
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