Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, sent King World News an update on how gold performs in times of war.
June 24 (King World News) – Michael Oliver, Founder of MSA Research: Other long-term factors and realities are in play. Sudden “war” news is not a rationale for buying gold! Nor a rationale for selling stocks. Far bigger fundamental realities, long in the making, are in play in those markets.
MSA long ago learned that sudden supposed “war events” are almost always distortions that entice weak new longs into the gold market. The war in the Ukraine, which started on February 24, 2022, and which in fact surprised many analysts, is just such an example.
Late buyers (or chasers) of gold came into the market in a rush and created that upside surge. Then they were killed.
That war had little to nothing to do with the ongoing underlying reality of why gold was and remains in a major bull trend; it merely created a situation where gold could finally have what might be labeled a “correction” (20%). And so in the seven months after that mob-created peak, gold produced just that—a drop to $1,613 by September. And then the primary upside restarted.
Fortunately, this time no such silly buying panic has occurred. Also fortunately, there’s no panic in the stock market. In fact, for the past month both markets have been in their dullest price ranges in a long time. So at least this time around we don’t have to contend with such distortions and then the unravelling of those distortions (current charts on the next page). Bigger factors remain the forces.
Current very calm action is fantastic
It means these key markets have not been distorted by emotional “war news,” in either direction.
The Far more massive technicals and fundamentals are the ongoing drivers. And most investors are still not fully aware of some of those factors.
MSA smiles at the lack of distortion.
However, in crude oil, hopefully briefly, there was an unwarranted panic surge — that today wobbled very hard back toward more reality. We will be updating that situation, likely tomorrow. You must subscribe to Michael Oliver’s MSA Annual Service to get his special reports 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.
JUST RELEASED!
James Turk discusses what is happening in the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.
© 2025 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
