Today the man who correctly predicted that the stock market would crash and gold would spike above $1,700 just made this remarkable prediction…
Michael Oliver predicted the stock market would crash back in February on King World News. He also correctly predicted it would be a violent multi-day event:
Eric King: “Michael, what kind of surprises are in front of us when you talk about that collapse and panic? From what you are saying, it will be a violent multi-day crash where the S&P will lose roughly 1/3 of its value.”
Michael Oliver: “Well, it’s not an emotional statement on our part. We’ve gone back and studied the US markets going back into the early 1900s. We have had all kinds of structural bridges that have been blown up and we have only one structure remaining to be broken and that’s the annual momentum structure. The 1929 stock market crash and the 1987 crash were solely caused, technically speaking, by quarterly momentum breakage.
In this case we have broken monthly and quarterly momentum and now we are pending the annual momentum breakage. There has never been such wide pending structural breakage in the US stock market in history in terms of the scope of the technical damage that’s being done. So we are expecting a rapid unfolding (of this unfolding stock market crash) — a ripping off of all the sentiment, all of the assumptions, where it’s a nuclear event.”
Astonishingly, he also predicted the price of gold would break above $1,700 on King World News in June of 2019 when the price was only $1,400:
Michael Oliver: “We’re in a major situation in gold. It happens that right now we are sitting on an explosive situation in gold and gold stocks. I suspect that by the end of the year we will see at least $1,700 gold. But by no means is that the end of the move.”
To hear Michael Oliver’s remarkable new prediction click here or on the image below.
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