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 that gold’s historic acceleration phase has already begun and investors should expect a great deal more aggressive action to the upside.
The Recurring Nightmare
April 28 (King World News) – Michael Oliver, Founder of MSA Research: The single event that seems to haunt gold investors is the crash-like event that occurred in October 2008. “It must happen again,” so many assume.
If you pause and simply compare the price charts, you’ll see that the current version of that October 2008 event already occurred! We saw it in Q3 2022. Do you think it must happen again?
MSA has argued in reports over the past months that gold and related have now emerged from the arm- wrestling, overlapping process of their ongoing bull trend, much like how gold emerged in late 2009/early 2010. For the first eight years of the 2001-2011 advance, the bull trend consisted of surges that were followed by protracted ranges of sideways action. Over and over again. A boring but persistent manner of the bull trend.
In July 2008 gold turned down from a second hit at its $1000 all-time price high. Gold then produced a jarring collapse, most of it occurring in October 2008. And for the first time in its years of advance, the price chart action finally took out a prior obvious set of lows. That technical and emotional event no doubt made many exit the market. After that flush, gold returned quickly to its prior range highs and was yet again capped there for months. Price moved through the very extended range highs in late 2009 and the acceleration phase began—the part of the bull trend that produced the majority percentage of that bull market’s gains. What had been compressed for so many years was finally unleashed.
2009: ACCELERATION PHASE BEGINS!
Gold Exploded Higher In 2009 After Lengthy Consolidation
2024: ACCELERATION PHASE BEGINS!
Gold Exploded Higher In 2024 After Multi-Year Consolidation
Pause and read the comparative notations on the charts.
We’ve nothing more to say about that 2008 event. This is only one page of a major report. To read the rest of this important report, which has remarkable updates on gold, silver, mining stocks and so much more (10 pages long!) you must be a subscriber. To receive the special KWN discount to subscribe to Michael Oliver’s internationally acclaimed MSA Annual Research which is used by professionals and serious investors all over the world CLICK HERE.
Gold’s Acceleration Phase
King World News note: After gold surged toward $1,200 upon breaking out and beginning the acceleration phase in 2009, it then preceded to soar another 60+% from that level to $1,920! Gold’s recent breakout has marked the beginning of the next acceleration phase. Buckle up and enjoy the ride.
To listen to Alasdair Macleod discuss what will make investors a fortune in the coming storm CLICK HERE OR ON THE IMAGE BELOW.
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