{"id":379,"date":"2021-08-08T19:17:03","date_gmt":"2021-08-08T19:17:03","guid":{"rendered":"https:\/\/goldsilverdesk.com\/news\/?p=379"},"modified":"2024-07-08T18:18:51","modified_gmt":"2024-07-08T18:18:51","slug":"michael-oliver-forget-todays-takedown-in-gold-silver-because-there-is-a-golden-stick-of-dynamite-that-will-explode-the-price-of-gold-higher","status":"publish","type":"post","link":"https:\/\/goldsilverdesk.com\/news\/michael-oliver-forget-todays-takedown-in-gold-silver-because-there-is-a-golden-stick-of-dynamite-that-will-explode-the-price-of-gold-higher\/","title":{"rendered":"Michael Oliver \u2013 Forget Today\u2019s Takedown In Gold &#038; Silver Because There Is A Golden Stick Of Dynamite That Will Explode The Price Of Gold Higher"},"content":{"rendered":"\n<p>August 6, 2021<\/p>\n\n\n\n<p class=\"has-bright-red-color has-text-color has-medium-font-size\"><strong><strong>Panic Day<\/strong><\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong>August 6 (KWN) \u2013&nbsp;Eric King:&nbsp;&nbsp;\u201cMichael, 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.\u201d<\/strong><\/p>\n\n\n\n<p class=\"has-bright-red-color has-text-color has-medium-font-size\"><strong>The Clock Is Ticking For The Bears<\/strong><\/p>\n\n\n\n<p class=\"has-bright-blue-color has-text-color\"><strong>Michael Oliver, Founder of MSA Research:&nbsp;&nbsp;<\/strong><\/p>\n\n\n\n<p class=\"has-dark-gray-color has-text-color\"><strong>\u201cWe 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\u2019ve 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.<\/strong><\/p>\n\n\n\n<p><strong>On a short-term basis, this decline that we\u2019ve finally had this week \u2014 because if you look at the past 4 or 5 weeks they\u2019ve hovered like a quiet little clump of ink mostly above $1,800 gold, so they\u2019ve been selling it for 4 or 5 weeks now and they couldn\u2019t get any downside \u2014 finally they got some downside. It looks like they\u2019ve spent too much time (trying to break the gold market).&nbsp;In other words, when we measure weekly momentum, we measure weekly bars, and frankly this is week 4 down on momentum, not price.&nbsp;So the clock is ticking for the bears. I would say&nbsp;they\u2019ve got next week and that\u2019s it. So if they don\u2019t get any real damage by then, they\u2019ve already shot their wad.<\/strong><\/p>\n\n\n\n<p class=\"has-bright-red-color has-text-color has-medium-font-size\"><strong>Golden Stick Of Dynamite<\/strong><\/p>\n\n\n\n<p><strong>We believe the March $1,673 low was the corrective low. And we think everything that\u2019s occurred since then is<span style=\"text-decoration: underline;\"> in-between noise<\/span>. Meaning, in between the low and setting up to challenge the high again.&nbsp;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\u2026<\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center has-large-font-size\">___________________<\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 6, 2021 Panic Day August 6 (KWN) \u2013&nbsp;Eric King:&nbsp;&nbsp;\u201cMichael, 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.\u201d The Clock Is Ticking &hellip; <a href=\"https:\/\/goldsilverdesk.com\/news\/michael-oliver-forget-todays-takedown-in-gold-silver-because-there-is-a-golden-stick-of-dynamite-that-will-explode-the-price-of-gold-higher\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Michael Oliver \u2013 Forget Today\u2019s Takedown In Gold &#038; Silver Because There Is A Golden Stick Of Dynamite That Will Explode The Price Of Gold Higher&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-379","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Michael Oliver \u2013 Forget Today\u2019s Takedown In Gold &amp; 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