Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News about what is happening in the gold sector that is rarely seen.

Miners Showing Positive Signs, Despite Volatility
January 28 (King World News) – Michael Oliver, Founder of MSA Research:  XAU: Philadelphia Gold and Silver (miners) Index (Nearly a third of the top fifteen holdings in XAU are silver miners.) 

A positive shift occurred last week.

XAU: Philadelphia Gold and Silver (miners) Index
And sometimes price makes a statement. 

In this case, while it’s true that gold is well above its 2020 price highs and the miners (GDX, XAU, et al.) are not, there’s clear persistence here. 

We’ve circled the peak monthly closes since 2020. XAU keeps coming back up, and this time it did not have to dig very deep back into that range to find footing and turn back up again.

FYI, the highest of those four closes was 163.96. You must subscribe to Michael Oliver’s MSA Annual Service to get his stock picks, which have dramatically outperformed the XAU. MSA also lists individual mining stocks in their reports that overall also 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.

Gold Attacking All-Time High!
To listen to Alasdair Macleod discuss gold attacking all-time highs as well as what to expect from silver and mining stocks CLICK HERE OR ON THE IMAGE BELOW.

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