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 about three waves in the gold market.
GDX (VanEck Gold Miners ETF)
October 14 (King World News) – Michael Oliver, Founder of MSA Research: There have been three waves of momentum decline with the last price drop non-confirmed by momentum. And yes, price did its thing by taking out some prior obvious minor price chart lows. Ho-hum.
3 Down Waves Failed To Break GDX (Gold Mining Index)
Showing Strength Once Again
If GDX pauses or pulls back a little in the next day or so, expect support around the 39.50 area. Again… if it pauses.
Watch silver and gold (and the numbers we specified) for any sign there won’t be any such pause—if gold and silver produce closes above their specified numbers in the next day or so. You must subscribe to Michael Oliver’s MSA Annual Service to find out the next resistance level and read the other 7 pages of this important and timely report. MSA also lists individual mining stocks in their reports that they believe will 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.
Egon von Greyerz’s Stunning Gold Price Prediction
***To listen to one of Egon von Greyerz’s most powerful audio interviews ever where he makes a stunning prediction for the price of gold, and discusses what every investor must know heading into 2025 CLICK HERE OR ON THE IMAGE BELOW.
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