Michael Oliver – Forget Today’s Takedown In Gold & Silver Because There Is A Golden Stick Of Dynamite That Will Explode The Price Of Gold Higher | King World News

Michael Oliver – Forget Today’s Takedown In Gold & Silver Because There Is A Golden Stick Of Dynamite That Will Explode The Price Of Gold Higher | King World News

On the heels of today’s takedown in the gold and silver markets, Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, spoke with King World News about the takedown in the gold market, why next week is so important and why he remains so incredibly bullish.

Panic Day
August 6 (King World News) – 
Eric King:  “Michael, obviously we are having a panic day here in the gold and silver markets with the price of gold down at one point tumbling $50 and silver trading down $1, but you always step back and look at the big picture.”

The Clock Is Ticking For The Bears
Michael Oliver, Founder of MSA Research:
  “We are focused on our technical conclusion, that is the March low at $1,673, which took them 10 months to get gold to shed 20% (after doubling), and then we shot back over $1,900, lately we’ve been hovering around $1,800, and today we get a sharp break. We are not near the March low of $1,673. Instead we are in the $1760s.

On a short-term basis, this decline that we’ve finally had this week — because if you look at the past 4 or 5 weeks they’ve hovered like a quiet little clump of ink mostly above $1,800 gold, so they’ve been selling it for 4 or 5 weeks now and they couldn’t get any downside — finally they got some downside. It looks like they’ve spent too much time (trying to break the gold market). In other words, when we measure weekly momentum, we measure weekly bars, and frankly this is week 4 down on momentum, not price. So the clock is ticking for the bears. I would say they’ve got next week and that’s it. So if they don’t get any real damage by then, they’ve already shot their wad.

Golden Stick Of Dynamite
We believe the March $1,673 low was the corrective low. And we think everything that’s occurred since then is in-between noise. Meaning, in between the low and setting up to challenge the high again. 
But momentum has a stick of dynamite above this level that could really get things going on the upside. And the level we want to see…to continue listening to one of the most important interviews of 2021 with the man who is known for his deadly accurate predictions on major markets CICK HERE OR ON THE IMAGE BELOW.

© 2021 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.

This content was originally published here.


0 out of 5 stars(0 ratings)

Subscribe to Our Newsletter

money for gold logo

Learn About Buying and Selling Gold for the Best Prices

Get the latest news and expert advice on Gold!

We don’t spam! Read our privacy policy for more info.

Leave a Reply


Gold price drops by Rs1,900 per tola as rupee extends gains - Profit by Pakistan Today

Gold prices on Monday dropped by Rs1,900 as the Pakistani rupee held its ground and showed an uptick against the dollar…

Read more

zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about…

Read more

Gold Price Talking Points:While many risk assets have enjoyed a strong start to the year, with even some micro or small…

Read more

Share Great Content for Our Resource Section


MoneyForGold.com is a resource site created for those looking to sell their personal collection of gold - whether it’s jewelry, coins, bars, antiques, etc., anything made from gold can be sold for quick cash. We encourage visitors to signup and share quality “Money For Gold” resources.

Have a question or comment? Email us at: contact@moneyforgold.com

50% Complete

Learn Where to Sell Your Gold for the Best Prices

Free 3-Minute, Practical Stories Delivered to You Everyday!
Buy, Sell, Invest in Gold Today!