Commodities Are Still Extremely Cheap on a Historic Basis: Michael Oliver

Commodity Culture, Released on 12/6/23

Michael Oliver of Momentum Structural Analysis brings his decades of experience in commodities investing and technical analysis to explain why commodity prices are still very cheap on a historic basis. Michael believes we are set for a breakout in a variety of commodities and metals, and he gives his forecast for the commodities sector in 2024.

00:00 Introduction
00:51 Look Back on 2023
07:41 Investing in Grains
09:12 How Will Energy Perform in 2024?
13:25 Treasury Market and Gold
18:09 Silver Outlook for 2024
24:01 Institutional Investment in Commodities
26:51 Will the Fed and ECB Cut Rates in 2024?
29:56 Death of the 60/40 Portfolio?
32:13 Which Commodities Will Perform in 2024?
34:17 Words of Wisdom for 2024

J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City’s Battery Park. He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX. In the 1980s Mike began to develop his own momentum-based method of technical analysis. He learned early on that orthodox price chart technical analysis left many unanswered questions and too often deceived those who trusted in price chart breakouts, support/resistance, and so forth. In 1987 Mike technically anticipated and caught the Crash. It was then that he decided to develop his structural momentum tools into a full analytic methodology. In 1992 the Financial VP and head of Wachovia Bank’s Trust Department asked Mike to provide soft dollar research to Wachovia. Within a year, Mike shifted from brokerage to full-time technical research. His website is Olivermsa.com. He is also the author of The New Libertarianism: Anarcho-Capitalism.

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