Michael Oliver – Technical Momentum In US Equities, Gold, GDX, Silver, SIL, Copper, Grains, and Oil

The KE Report, Released on 4/22/24

0:00 – A breakdown in momentum for US equities
3:18 – Rotation from general US equities to commodities
6:23 – Acceleration of the gold bull market and safe haven appeal
8:20 – The technical take on the silver price
11:08 – Will the gold stocks be able to break out like in prior cycles?
13:32 – Politics – no copacetic outcome in the US elections
15:56 – Will a US equities bear market pull down gold stocks as well?
19:30 – GDX and gold stocks not keeping pace lately with golds break to all-time highs
22:00 – Silver stocks may have an edge over gold stocks
23:17 – Copper and the copper stocks have been strong and breaking higher
24:27 – Overall outlook on the commodities complex and the grains
25:59 – Could wheat, corn, and beans make a move like we saw in cocoa over the last year?
27:40 – Oil and the energy sector will participate, but food commodities could outperform

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.

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