Natural Resource Stocks, Released on 4/13/24
This video features a discussion on the undervalued state of the mining sector, particularly gold and silver miners, compared to the S&P and the price of gold. The conversation highlights notable investor Stanley Druckenmiller’s pivot from big tech to mining giants like Newmont and Barrick, and Michael Oliver shares insights into the recent performance and future potential of gold and silver. Oliver elaborates on the significance of momentum over price action, historical bull markets, and predicts a parabolic surge for gold and silver. The talk underscores the miners as a highly undervalued sector and anticipates substantial moves in the metals’ prices, driven by macroeconomic factors and central bank policies.
00:00 Unveiling the Most Undervalued Stock Sector
00:37 A Deep Dive into Gold and Silver Markets
01:18 The Technical Analysis of Gold’s Price Action
04:04 Understanding Momentum in the Gold and Silver Markets
05:20 Historical Bull Markets and Future Predictions
08:44 The Potential of Silver in the Upcoming Bull Market
11:19 The Miners: An Unmatched Investment Opportunity
13:30 Navigating the Current Financial Landscape
16:27 Gold’s Anticipation of Economic Shifts
17:33 Final Thoughts and How to Connect
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.