On the heels of a continued takedown in the gold and silver markets and chaos in bond markets, today King World News is pleased to present an important update on the war in the gold market from Michael Oliver at MSA. Oliver allowed KWN exclusively to share this key report with our global audience after today’s takedown in the gold market.
By Michael Oliver, MSA (Momentum Structural Analysis)
November 30 (King World News) – In the “3 Tight Ones” report last week (S&P 500, T-Bonds and gold) we noted the close relationship of daily momentum action of these three. T-Bonds and gold both being inverse to the S&P 500…
To hear which legend just spoke with KWN about $8,000 gold and the coming mania in the
gold, silver, and mining shares markets CLICK HERE OR ON THE IMAGE BELOW.
We wanted to see a chorus occur here with gold and T-Bonds asserting themselves above their 3-day averages and the opposite from the S&P 500.
Gold has stubbornly refused to close over the line. Yesterday’s close (official settlement on December future) was $1,187.90 but the zero line/3-day was $1,188.50. Today that average is at $1,185.98, tomorrow at the same level (estimated). Gold trades above the zero line, but by each close is back below. This is bizarre behavior — being contained in such a “disciplined” manner for so many days (17) below the 3-day average/zero line structure (see chart below).
Central Bank Manipulation Of Gold?
Someone who is conspiracy-oriented might see this as the margin evidence of central bank manipulation For MSA, we simply see a market contained below water level for an unduly long period of time for a given daily momentum trend. We suspect that when it emerges above the zero line, we will have a trio singing. With gold and probably T-Bonds in sharp rally mode, and S&P 500 opposite. Once daily momentum levels have been crossed — again this must be a crossing by the trio — then MSA will focus on weekly momentum of these three markets. And as we showed in the “3 Tight Ones” report, each has a weekly momentum trend change structure waiting not too far away. But daily momentum must turn first. MSA will update to its subscribers.
***On the heels of the recent brutal multi-week smash in the gold and silver markets, KWN has now released the powerful audio interview with Egon von Greyerz and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: One Pro On What He Is Doing With His Own Money After The Gold & Silver Smash CLCK HERE.
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