Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News that a US dollar crash is going to send the price of gold skyrocketing.
October 10 (King World News) – Michael Oliver: “Another situation that is cooking out there is the dollar. Everybody has been impressed by the strong dollar. It has not been strong. It’s been exceptionally weak over a 40 year period. It did have a nice advance between 2007 and 2017, but when you stand back and look at 40 years, it was a feeble advance. It’s since given up that gain. It is under pressure, and there could be not just a further drop in the dollar but a collapse type situation.
The Dollar Index is trading in the 93 area. If the Dollar Index trades to 91 anytime this year I would expect a rapid drop into the mid-80s. Now for the dollar that’s a big percentage drop and I think that could be almost a crash like event. I think that move could add some dynamism to all of these other markets out there. So if you are watching gold, don’t just watch gold and silver, watch what’s going on with the dollar. We think we could get some pretty violent action between now and the end of the year…KWN has now released this timely and powerful audio interview with Michael Oliver and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.