On the heels of the price of gold surging well above the $2,000 level, Michael Oliver, the man who correctly predicted the price of gold would not pull back and would continue its aggressive surge, just warned King World News this may cause gold to gap $100-$200 higher.
Gold May Gap $200 Higher
August 4 (King World News) – Michael Oliver at MSA Research: “What people should be watching is the financial and bank stocks stocks in Europe and in the US because they’re behaving horribly. Don’t be fooled by Microsoft, Apple and Amazon, which are in blowoff moves. Meaning, terminal upside moves. Instead, pay attention to the other side of the US stock market — financials – which acts very sick. Gold has earned its way higher and now it’s going up at a faster pace, but there’s been no news event to cause a $100 higher opening. The headline could be some financial solvency issue at a financial institution in Europe or the US. That kind of headline would not surprise me. That’s the kind of thing that can create a surprise opening in gold. Meaning, you could open dramatically higher. I don’t want to put a number on it or a date, but maybe it’s $200 higher.” To subscribe to Michael Oliver’s remarkable MSA annual research, which is 35-50 reports each month on gold, silver, mining stocks, currencies, commodities and debt, at the KWN special discounted rate click here.
***To hear one of the most important interviews of 2020 with Michael Oliver discussing skyrocketing gold and collapsing stock markets click here or on the image below.
GOLD SPIKES: Expect Super Surge In Junior Mining Stocks
***ALSO JUST RELEASED: GOLD SURGES $30: Prepare For Surge In Gold Stocks And Super Surge In Junior Mining Stocks, Plus Time For Gold $2,000 Hats CLICK HERE.
© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.