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 the current setup in the gold market.

January 14 (King World News) – Michael Oliver, Founder of MSA Research:  Gold’s pullback low occurred days after the headline sellers (“Trump wins!”) did their thing. Those who shorted based on that news are now out about $100 to $150 depending upon what time on November 6th they sold. Oh, well.

Also note that gold has been up-ticking since its secondary low four weeks ago (just below $2600), opposite to what has been going on with the stock market in recent weeks.

In any case, gold’s intermediate situation is back to a positive zigzag pattern. We’ve circled the peak weekly closing readings going back to September. Three descending waves. Action closed amply above the key level we specified last week. You must subscribe to Michael Oliver’s MSA Annual Service to read the rest of this lengthy 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.

Prins Warns Gold Price May Double To $5,400
To listen to Nomi Prins discuss why the price of gold may double to $5,400+, what to expect from for the silver market, mining stocks, uranium market, currency markets, CLICK HERE OR ON THE IMAGE BELOW.

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