Liberty and Finance, Released on 11/7/24

Michael Oliver of Momentum Structural Analysis offers his technical analysis of the stock market following the recent U.S. election. He shares concerns about the current rally in the stock market, particularly in the NASDAQ, suggesting it may be showing signs of exhaustion and forecasting a potential downturn. Oliver explains how the stock market’s inevitable decline could cause ripple effects in other markets, especially the bond market, and how it might benefit precious metals like gold and silver. He also touches on the surprising market reaction to the election and discusses the broader economic issues that could trigger a major market correction. Throughout the conversation, Oliver emphasizes his focus on momentum indicators over price alone, providing insights into his technical approach and the risks he sees in the market.

0:00 Intro
2:16 Stock market
6:38 Gold & silver
13:48 Peaceful transfer of power
19:00 Banking system
21:50 Momentum Structural Analysis

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, silver, stock market