Special: Gold and Silver Momentum Confirmed
MSA Update
In a timely update sent minutes ago, Michael Oliver reconfirms what he’d been looking at the past few days . Specifically, justified the momentum signals he had seen prior to today’s rallies in both Gold and Silver.
We had referenced his levels and overlaid them with our own preferred scenario this morning in: Gold Needs to Clear $2384 to 2397 Congestion. (See clip)
We got that behavior, which to us means the numbers Michael had are that much more valid. To that, here is a snippet of Michael’s updated commentary just out.
On Gold:
Gold’s daily momentum and price action have suffered far less than silver this month. In fact, since its February low and upturn gold hasn’t even produced a down monthly close! (Thus far, that is. We’ll know for sure tomorrow.) Last month’s close was $2339.
Gold, Creeping higher until small panic sets in on Israel news…