Liberty and Finance, Released on 9/18/24

Michael Oliver discusses the Federal Reserve announcement of a 50 basis point rate cut. He discusses the promising upward momentum of gold and silver, even as the stock market appears to be nearing a dangerous peak. Drawing on historical trends, Michael highlights the challenges of stabilizing markets post-bubble and the role of precious metals as a safe haven.

0:00 Intro
1:10 Fed massive rate cut
3:37 Silver & gold momentum levels
7:23 Stock market vs gold
12:30 Market crash
14:00 Gold’s new highs

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, investing, market crash, michael oliver, silver, stock crash, stock market