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 the price of gold is about to soar 35%. According to Oliver, this will be a very fast, violent move to the upside that will shock investors and traders in the gold market.

But first a quick note regarding inflation…

Inflation Is Still A Huge Problem
January 16 (King World News) – Peter Boockvar:  Let’s add the words ‘firmly’ and ‘surely’ to ‘sustained’ when gleaning what will satisfy Fed members with regards to inflation. Voting member Raphael Bostic said over the weekend that “Inflation must be firmly and surely getting back to our 2% target. It would be a bad outcome if we started to ease and inflation started to rise up and down like a see-saw. That would undermine people’s confidence in where the economy is going.” He also talked about what’s going on in the Red Sea and the jump in shipping costs. “It will be very interesting to see to what extent the Middle east conflict and attacks on the container ships are starting to show up in the cost structure for businesses in my district.” I’ll add, if the Fed cuts 6 times this year it is because the unemployment rate is at 4.5-5%, not because inflation is lower from here.

Another Fuel Injection For Gold
Michael Oliver, Founder of MSA Research:  Here’s one metric we don’t always monitor, but it speaks something very interesting now—even if it is much lagged to other metrics. So, we show it to you. Note the flat line on momentum we have plotted through prior peak weekly closing readings going back to early 2021. Action has been crowding/pushing at that level lately. Probably a hint! Close out this week at $2111, or the next week at $2113 (it adjusts up only marginally due to gradual rise in 100-wk. avg.) and those prior peak oscillator closes—all so neatly aligned—come out. Just another fuel injection for gold.

MSA is already bullish as you know. Consider this just more evidence upon prior evidence piling up. A massive structure, hence probably a massive jolt-type response once cleared. And believe us, as gold continues, so too will silver and the miners (and they will highly likely shift to outperformers as well). 

Expect Gold To Surge 35%
And for you price chart pattern folks, apply a head and shoulder bottom pattern to this momentum action (as we have done), and you arrive at an initial upside swing move to around 35% and more over the zero line/100-wk. avg. In price that means somewhere between $2550-$2600. 

Reverse Head & Shoulders Short Term Price Target For Gold Is 35% Higher At $2,550-$2,600

No, that is not some “target” that MSA is arguing for. Just a possible spot to rest for bit once this neckline is overcome. 

Again, a lagged bullish long-term indicator, with its own integrity. An investor should not have waited for this one (we haven’t). But it will be a biggie when it joins in. To read the rest of this incredibly important and timely report, which has remarkable updates on gold, silver, and so much more (14 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 serious investors and professionals all over the world CLICK HERE.

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To listen to Alasdair Macleod discuss today’s wild trading in the gold, silver, and crude oil markets CLICK HERE OR ON THE IMAGE BELOW.

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