Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent to King World News an extremely important note regarding gold.
Gold
April 14 (King World News) – Michael Oliver, Founder of MSA Research: Two weeks ago gold and silver were dumped into by ever-doubters. “Reasoning” of course that as goes the stock market so too must go gold! Bad assumption.
Last week MSA identified short-term momentum pivotal levels just overhead in gold after that brief sharp pullback. And our upside trigger levels were overcome with a very snap reversal last week, back to the upside.
Here we update the 40-wk. momentum situation (long-term metric). Three weeks ago the momentum close had marginally overcome a prior ceiling. Indicating likely upside acceleration. Then two weeks ago a surge commenced, reaching $3200 in price. But that’s when the ever-doubters dumped gold.
For MSA Subscribers Only
Then last week with some follow-through to that downside on Monday, gold price had dropped just below $3000. Spooking the “round number” crowd. Then bang! Back to the upside as momentum had argued two weeks prior.
In sum, a positive outcome to a wrestling match. … This is a very important report where Oliver issued key price targets for gold, silver and mining indexes. You must subscribe to Michael Oliver’s MSA Annual Service to get this special report as well as his stock picks which have dramatically outperformed the XAU. MSA also lists individual mining stocks in their reports that 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 Just Issued Dire Warnings
To listen to Nomi Prins, who predicted the price of gold would surge well above $3,000, that the US dollar would see a mini-crash, and that global markets would be engulfed in chaos, discuss her latest dire warnings and predictions for global markets CLICK HERE OR ON THE IMAGE BELOW.
JUST RELEASED!
To listen to Alasdair Macleod discuss the wild trading in gold, silver, and global markets CLICK HERE OR ON THE IMAGE BELOW.
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