Liberty and Finance, Released on 6/12/23
The stock market bubble busted early 2022, says momentum analyst Michael Oliver. To those waiting for stocks to take off once the Fed pauses, he says, “Don’t bet on it.” He says a shift is likely to occur, pushing asset managers into precious metals. He says $26 for silver and $2100 for gold are key levels, that once they break through, the metals could surge higher.
0:00 Intro
1:50 Gold & silver update
8:02 Fed pause?
13:30 Hidden market factors
24:30 Oliver MSA
25:27 Miles Franklin
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.