kingworldnews.com / January 16, 2017
With continued uncertainty in the gold and silver markets, today King World News is pleased to present an important update on the war in the gold and mining shares markets from Michael Oliver at MSA. Oliver allowed KWN exclusively to share this key report with our global audience as we move through the middle of what has been an interesting January to say the least.
By Michael Oliver, MSA (Momentum Structural Analysis)
January 17 (King World News) – Annual momentum, not shown here, explained why the low occurred where it did. The drop, while devastating-looking on price charts, was merely a return to a clear support level on annual momentum.
Therefore, MSA holds its long-term bullish view on gold, signaled last February. The Issue now is the nature of the recovery from that low. What dance steps should we expect? Because it won’t continue to be a straight shot, despite the unflinching rally of the past three weeks…
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