After a wild week in the gold and silver markets, Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, just issued this warning for investors in the gold bull market.
Be Right And Sit Tight
August 1 (King World News) – Michael Oliver at MSA Research: “In a bull market those who look for bullish sentiment to get excessive too early, they’re wasting their time. Contrary opinion is an unreliable indicator. Sometimes near a major top the contrary opinion guys will be right. But quite often in the middle of a trend they will find too many bulls and yet the price will still drive north (head higher). This was the case during the Dotcom move where investors were bullish as heck in 1999 and yet the stocks went up for another year, vertically. So I think people who use the traditional methods of analysis like looking at short-term charts or contrary opinion, they’re wasting their time. This is a fresh new bull market, it is a crisis situation, and gold is part of a much bigger picture that’s going on here and you’ve got to…to continue listening to one of the most important interviews of 2020 with Michael Oliver click here or on the image below.
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