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

Michael Oliver, founder of Momentum Structural Analysis, joins me to share how he sees the technical momentum setup in the US general equities, gold, precious metals stocks via GDX, silver, SIL, copper, grains, and oil.

 

We start off getting the nuances and difference in what the pricing chart in the S&P 500 or Nasdaq was showing coming into this month versus the divergence in them momentum framework. Michael noted that as the tech giants continue rolling over, having such a significant presence in the weighted equity indexes, that it is likely signaling a more protracted bear market in US equities, after coming to the end of such a record bull market in length and amplitude.

 

We then shifted over to his technical outlook on gold, and the gold stocks; where Michael postulates that when the US general equities and bonds do keep rolling over, that a portion of investors will rotate funds into gold, the gold stocks, and the commodities.  In addition to remaining constructive on gold, Michael points out that the setup in GDX and the gold equities are signaling a breakout versus gold, and the same is true for the technical setup in silver, the SIL ETF, and silver stocks.

 

We then move through the overall commodities sector, noting the recent strength in copper and the copper stocks, other base metals trending higher, and also some positive momentum in the agricultural commodities and grains complex.  Michael sees a more favorable setup in wheat, corn, and beans than many are anticipating, and could see them becoming more important to the commodity complex indexes, than even oil or the energy stocks on a percentage move higher basis.  He believes the second major upleg in commodities has begun.

 

 

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Discussion
4 Comments
    Apr 22, 2024 22:07 PM

    Michael Oliver: Gold and Silver to Go Parabolic. But Focus on the Gold Stocks and Silver Stocks

    Natural Resource Stocks – April 11, 2024

    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

    https://youtu.be/rc0ulP4hxJc

    Apr 22, 2024 22:09 PM

    Michael Oliver – No One Is Expecting This Next Upset

    Liberty and Finance – March 28, 2024

    INTERVIEW TIMELINE:

    0:00 Intro
    1:20 Gold update
    2:20 Silver & miners
    6:26 Stock market
    8:30 Fed easing
    14:03 Gold vs silver
    15:55 Banking system
    19:55 Oliver MSA
    20:30 Key indicators
    22:05 Weekly specials

    https://youtu.be/4KAxIOUs8Is

    Apr 22, 2024 22:08 PM

    PART II – Rick Rule New Analysis On 40 Companies (Uranium, Gold, Silver, Copper)

    CEO & Market Expert Interviews w/ Triangle Investor – Apr 19, 2024

    Chapters:
    0:00 Intro
    1:23 Top hated commodities
    5:36 PM percentage allocation
    7:03 Platinum
    9:09 Best beneficiors of inflow of capital in the months to come
    10:37 True cost of capital/equity for the projects
    13:33 In which commodity have you done the most private placements
    15:50 Is there a better commodity then uranium
    18:33 Building new nuclear power plants, lender, debt
    21:59 Oil & Gas
    26:56 O&G in Columbia
    28:48 Company analysis

    29:39 URANIUM 👇- Uranium Energy Corp
    31:33 Mega Uranium
    32:31 Power Metal Resources
    33:13 Bannerman Energy
    34:01 Paladin Energy
    35:17 Laramide Resources
    35:27 Uranium enrichment companies
    36.14 Western Uranium and Vanadium
    36:38 Energy Fuels

    37:44 GOLD👇 – Empress Royalty
    38:57 Lundin Gold
    41:07 OceanaGold
    41:28 Centerra Gold
    42:02 NovaGold Resources
    42:26 McEwen Mining
    43:12 Victoria Gold
    43:58 Jaguar Mining
    44:24 Lumina Gold
    45:07 Tudor Gold

    46:34 SILVER 👇- Silvercorp Metals
    47:28 Gatos Silver
    48:15 Endeavour Silver
    48:29 Fresnilo
    49:24 Adriatic Metals
    51:00 Hercules Silver
    51:57 Kootenay Silver
    52:16 Skeena Resources
    53:00 Discovery Silver
    53:18 GoGold Resources

    COPPER 👇-
    54:37 BHP & Rio Tinto
    56:19 Arizona Metals
    57:17 Southern copper
    57:46 Centera Gold
    58:20 NGEx Minerals
    1:00:24 Solaris Resources
    1:01:18 Marimaca Copper
    1:01:27 Nevada Copper
    1:01:45 Typhoon technology from Ivanhoe Electric

    https://youtu.be/c6s_Mv4IgSM

    Apr 22, 2024 22:13 PM

    Unicorn Dolly Varden Silver: Captures The Attention Of Major Players — Only 8% Public Float

    Kerry Lutz’s Financial Survival Network – Apr 15, 2024

    “We sat down with Shawn Khunkhun, CEO of Dolly Varden Silver, (🇺🇸DOLLF — 🇨🇦DV new sponsor) and dove into its unique strategy and recent successes. DV has been hitting high-grade gold and silver, most recently 79.4 g/t gold over 12.35 meters. The results have well exceeded Shawn’s optimistic expectations. The 2024 drilling season is getting off to the earliest start in many years, due to the lack of snow fall in British Columbia. The company will have 3 drills turning and plans for an updated resource estimate in the future.”

    “It has an attractive capital structure, with a public float of just 8 percent. Interest expressed by major miners and large financial institutions has been increasing together with the price of gold and silver. The company recently raised C$15 million and has enough cash on-hand to meet its obligations for the next two years.”

    “While ‘Silver’ is part of DV’s moniker, Shawn discussed the company’s substantial gold resources, which now equal its silver resources. He believes that Eric Sprott’s $300 silver is a real possibility. With the company selling at just $1 per ounce in the ground, a substantial discount to historic levels for similar companies, that price could increase substantially…”

    https://youtu.be/iTeNHqWI3Qk