A New Gold Market Is Born!

goldBack in 2015 when the monthly average gold price was bottoming out, Michael Oliver was telling your editor not to fret. Michael’s momentum work was saying that the downside momentum for gold was running out of steam and that it wouldn’t be long before a new gold bull market would be born.

Now, with the average price of gold exceeding the 20-month average in April and now with it shooting through and now even touching the 40-month average, I think it is fairly safe to believe this run up in gold is just getting started. As of this week, the average price for gold in May is $1,286.38, compared to a 20-month average of $1,232.05. Yes, the 40-month average of $1,287.52 is a whisker higher than the May average. But given Michael’s momentum work, there is little reason to doubt the spot gold won’t surge through the 40-month average for the first time since March 2013.

Michael Oliver Talks Bear Market for Stocks and Bonds, Bull Market for Gold and Commodities

Listen to this 11-minute discussion with Michael Oliver. On behalf of his subscribers he is watching the technicals for the point of timing of a downturn in the biggest bubble of them all (according to El-Erian)—the debt/yield bubble. Commodities are probably the torpedo that impacts the debt markets and sparks that yield shift. And commodities have made the initial major turn. It should be the start of good times for gold stocks and a major bear market in Wall Street’s favorite instruments of theft. Listen here: Audio, and visit Michael’s Web site at OliverMSA.com.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.