With the price of gold approaching the $2,000 level, Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, told King World News that “We are on the face of what could be for gold and silver a move in this year that is so dramatic that it erases any prior bull moves in terms of dynamics and percentages.”
March 5 (King World News) – Michael Oliver, founder of MSA Research: “We’re going into a global recession. So central bank policy will shift to compensate for that because they have to defend the asset categories they have always defended — their stock markets, their banking sectors, corporate debt, etc. Gold knows this. That’s why gold has clinched off all of this talk since June of last year about ‘We’re going to fight inflation. We’re going to raise rates.’ Gold said, ‘Okay, fine.’ It’s taken about four beatings to the downside, each involving at least $100 drops, since that June statement by the Fed. Most of them have been redundant to the prior drop and gold said, ‘Okay, you’ve hit me four times with the club, and now we’re at $1,970.’
There are bigger issues here. This is not merely a war situation with Ukraine. This is far bigger. This is dozens of years of monetary policy about to come unraveled, partly pricked by the Ukraine situation. So we are on the face of what could be for gold and silver a move in this year that is so dramatic that it erases any prior bull moves in terms of dynamics and percentages…To continue listening to Michael Oliver discuss the dramatic upside move in gold and silver and much more CLICK HERE OR ON THE IMAGE BELOW.
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