Veteran technical analyst Michael Oliver predicts a surge in gold and silver prices, coinciding with a potential stock market downturn. He believes recent gold pullbacks are temporary pauses and that gold will soon surpass the $3,000 mark. Oliver argues that the ongoing breakage in major global stock markets will fuel the rise in precious metals. He advises investors to closely monitor the NASDAQ 100 and the bond market for signs of a broader market collapse. Oliver's analysis is rooted in his unique momentum structural approach, which focuses on identifying long-term trends and pivotal shifts in market dynamics.
Original article source: https://www.jpost.com/business-and-innovation/precious-metals/article-844690
Source Id: 8575161296