Michael Oliver – The Action in Gold Has Already Shifted Positive Despite Volatility

September 11, 2023

Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that despite volatility, the action in the gold market has already shifted positive.

Gold: monthly momentum (in weekly bar format)

September 11 (King World News) – Michael Oliver, Founder of MSA Research: The close two weeks ago was above the zero line, thus taking out all prior weekly closing readings since June. Those prior closes were all capped just below the zero line (the 3-mo. moving avg.). That week’s action also moved out above a downtrend going back to March (plotted through multiple peak weekly closes). By the way, momentum action since March especially has been inverse to the S&P 500.