Adam Taggart | Thoughtful Money, Released on 5/5/26

The S&P 500 clocked its best month in 6 years in April. Is that momentum likely to continue? And will the volatility in many commodities due to the closure of the Persian Gulf likely to become more extreme the longer war extends? And what about bonds? Will the start of the Kevin Warsh era at the Federal Reserve bring any relief to yields? To address these pressing questions, we’re fortunate to welcome back to the program technical analyst and author Michael Oliver, founder of market research firm Momentum Structural Analysis.

0:00 – S&P 500 Best Month in 6 Years: Can This Rally Be Trusted?
2:27 – Why the Stock Market Is in a Major Topping Process
3:42 – Monthly S&P Charts & Final Spike Warning
6:21 – Momentum Structures Signaling the End of the Bull Market
8:34 – NASDAQ Momentum Breakdown & Key Levels to Watch
12:46 – What a Breakdown Means: Multi-Year Bear Market Outlook
14:18 – Major Asset Category Shift: Stocks to Commodities Rotation
16:22 – The Historic Stock Bubble vs. Deflated Commodities Opportunity
19:03 – Inflation, M2, and Why Commodities Will Benefit
22:05 – Microsoft & Apple Showing Early Weakness
24:44 – US Long-Dated Debt Crisis: Yields Marching Higher
28:57 – T-Bond Technical Breakdown & Fed Panic Incoming
31:13 – Gold & Silver Outlook After Recent Corrections
33:39 – Violent Congestion Zone & Cleansing Break Explained
36:07 – Silver Price Targets: $300–$500 Possible
40:22 – Oil, War Headlines & Margin-Call Pressure on Metals
47:15 – Why Precious Metals Miners Look Even Better
50:25 – Silver vs Gold: Massive Outperformance Expected
53:10 – Silver Miners vs Gold Miners & Royalty Companies
56:04 – Bitcoin & Crypto: Bearish Outlook & Potential Wipeout
1:00:18 – Why This Could Be the Great Crypto Shakeout
1:05:31 – The Burning Issue: Looming T-Bond Crisis
1:05:55 – What This Means for the Average American
1:08:40 – Michael’s Personal Portfolio & Final Advice

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.

Adam Taggart is the Founder of Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

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