MiningStockEducation.com, Released on 2/20/24
Analyst Michael Oliver believes the recent V-bottom in the gold miners is a near-term bottom. Once gold breaks through $2115/oz on a weekly close “it will launch and leave the earth.” As gold runs over the next several quarters Oliver foresees silver and gold miners outperforming gold on a percentage basis. Michael also believes we are near a bottom in the commodities complex. Also, in Q2 of this year, he anticipates commodities, led by corn, wheat and beans, will begin to run.
0:00 Introduction
1:44 Commodity complex upside emergence in Q2
6:10 Corn, wheat and beans to lead commodities bull run in Q2
7:20 Gold, silver, miners
9:25 Gold above $2115 weekly close “will leave the earth” and launch
15:28 Portfolio managers will move into gold miners
17:00 What about all the mistimed gold bull move calls?
22:04 Dr. Copper
23:39 US election year’s effect on market
28:46 Michael’s website & service
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.
Long Gold Miners and Silver for the Next Several Quarters says Analyst Michael Oliver added by Herman James on
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