Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, shared with King World News his thoughts on what is really happening with the gold and silver markets right now.
Gold & Silver
June 17 (King World News) – Michael Oliver, Founder of MSA Research: A minor up-week last week for both. Oh, sure, as always the intraweek, day-to-day action continues to panic the longs. (Why is it that gold bulls are always scared, while stock market bulls are always drugged up with joy and the notion of “forever upward”?) In any case, after showing long- term momentum charts in all our prior reports, especially in defining major long-term momentum-based breakout signal levels back in March and April (40-wk. avg. momentum, 100 -wk. momentum, 36-mo. momentum, etc.), MSA now suggests you take a moment to just look at price.
Gold’s Breakout Saw Powerful Momentum Throughout The Advance…Now Consolidating Large Gains
Silver’s Breakout Has Also Seen A Strong Surge And Now Appears To Be Consolidating Recent Gains
Was That Really A “Slam?”
Does the recent “slam” of the metals really look like a “slam”? Take your time in answering. This is only one page of a major report. To read the rest of this important report, which has remarkable updates on gold, silver, mining stocks and so much more (7 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 professionals and serious investors all over the world CLICK HERE.
Just Released!
Alasdair Macleod discusses collapsing Open Interest in the gold market as well as some other wild developments from around the world CLICK HERE OR ON THE IMAGE BELOW TO LISTEN.
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