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 the price of gold will explode $600 higher in just two months.
October 21 (King World News) – Eric King: “I have been telling all of the Chairman and CEOs of the mining and exploration companies that have been calling me:
‘We are going to move from extreme fear in this sector to extreme greed.’
And I can’t tell you at what point that is going to take place, but it’s not going to be a 50 cent stock going to $2.00, it’s going to be a hell of a lot higher.”
Gold Price Explosion
Michael Oliver: “I could be wrong on this, and if I’m wrong on this it’s because I could be understating the number because we’ve got some dynamics out there that are far bigger than the gold market. And there’s points at which those who try to control the gold market — namely some Western central banks, especially the US — are not going to succeed. Remember back in the late 1970s, the IMF dumped so many tonnes of gold it was unbelievable and gold went up 800% during that time.
I did some technical measurements using both momentum factors and price, and it suggests to me that this breakout in gold that’s about to happen, where even the price guys will recognize it, is likely not to stop or halt until gold gets to about $2,550 to $2,600. I think that could occur in a matter of a couple of months, maybe even sooner. Again, I might be wrong on that but if I’m wrong it’s because the gold price is going to go higher. I also come up with measurements for silver and the mining stocks. At a minimum silver will be…to continue listening to Michael Oliver’s predictions for gold, silver, mining stocks and other major markets CLICK HERE OR ON THE IMAGE BELOW.
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