Natural Resource Stocks, Released on 3/6/24

Michael Oliver discusses the looming surge in the gold market that could take it up to the 2600 area and has the potential to impact miners and silver by threefold in terms of percentage. He emphasizes the role of T Bonds and gold in the economy and the potential flight to safety for investors. Oliver also highlights the importance of monitoring the stock market, as it is inversely related to the gold market. He predicts that as the stock market breaks down, it could lead to a significant decrease off the recent high. The discussion concludes with a prediction of a bear trend in the stock market, which may not be beneficial despite potential Federal Reserve rate cuts.

00:00 Introduction and Gold Market Predictions
00:47 Discussion on the Economy and Stock Market
01:11 Technical Analysis and Momentum of Price
01:40 Insights on T Bond Prices and Gold Action
07:12 Historical Analysis of Stock Market and T Bonds
12:16 Predictions for Gold and Miners
18:10 The Role of the Stock Market in Gold Prices
22:02 Conclusion and Final Thoughts

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.

  gold, gold stocks, investing, michael oliver