It’s 100% Certain! The Upcoming Gold & Silver Rally are Going to Shake the World – Michael Oliver

It’s 100% Certain! The Upcoming Gold & Silver Rally are Going to Shake the World – Michael Oliver

between now and then I’m suspecting you got several months of arm wrestling decline now there’s some levels below the market but they’re down there you’re not threatening them right now so I don’t think there’s any near-term Jeopardy the next couple months of anything like a crash in the stock market now you get a little closer to the election yeah maybe so gold I don’t think is threatened by that that phenomenon again and between now and the next couple months I strongly suspect Gold’s going a lot higher and silver and miners especially a lot higher but I think we’re in the acceleration phase meaning that part of the B bull market where most of the bull market gains of the entire Trend at 8 n years in this case we’re 8 years old as well will be compressed in the final year of the move most of the drama most of the percentage and I think we’re at that we’ve crossed that line now I think we’re entering the acceleration phase gold prices experienced a modest decline on Monday with many Traders remaining cautious ahead of key events later in the week such as the fomc monetary policy announcement and the release of us employment data amidst this uncertainty vol utility is expected to be limited until Wednesday afternoon when the US Central bank’s decision is revealed Michael Oliver from momentum structural analysis expresses confidence in Gold’s resilience and foresees further upward movement especially in the coming months he also highlights the notable gains made by silver and Mining stocks since February underscoring their potential for continued growth compared to Gold reflecting on historical price movements Gold’s performance during significant Market shifts such as the dotom bubble burst in the early 2000s and the aftermath of the 9911 attacks gold demonstrated steady appreciation during these periods of uncertainty according to Oliver during the last bull market from 2001 to 2011 Gold followed a challenging yet significant upward trajectory characterized by periods of consolidation and intermittent dips from August 1999 to August 2011 Gold surged from $394 to $266 per ounce marking a remarkable 4 125% increase over 145 months in inflation adjusted terms despite ongoing economic uncertainties from November 2015 to May 2020 the price of gold steadily Rose from $1,146 to $1,726 per ounce representing a 55% increase over 55 months contrary to expectations of an imminent market crash Oliver argues that while there may be downward pressure in the stock market a significant crash would likely necessitate several months of decline gold surged by $25 while the Dow plummeted over 600 points at the opening since the start of Q2 stock markets particularly the S&P 500 have experienced a decline of just over 5% contrasting with Gold’s significant 12% rise following a major breakout come along as we explore Michael Oliver’s valuable insights don’t miss out on our latest updates subscribe to our Channel and activate notifications thank you for tuning in that was a point I made in the weekend report what I did is I showed a monthly price chart of gold during the last bull market from 2001 to 2011 and it was a laborious eight-year process up through about 2008 where you’d go up nice nice advance and then you’d spend a year or more going sideways with dips and dips you know just bore the heck out of you and finally in that October 2008 selloff in gold which was sympathetic with the stock market crash by crash what I mean something that takes 30% off of a market in a matter of two weeks okay that’s what happened in 29 happened in ‘ 87 and in October of 2008 the S&P was already a year off of its high been declining for a full year while gold had been going up by the way during that time and during that basically late August early September and especially October of 2008 there was this crash type event in the s& and sure enough gold had a sympathetic drop though it had been opposite the S&P for the prior years so but anyway it did have a sympathetic drop and it was one when you look at the price chart of gold back then there had been a range it hit a th000 backed off hit a th000 these are alltime new highs now and in it was July of 2008 before before that drop you hit a th per a second time and then that pullback finally sold off enough to where on a price chart you finally took out a prior prominent low first time in years that gold had had a selloff that actually took out a prior low so in effect it had a cleansing drop soon as it finished that drop boom back to the highs okay M meanwhile S&P continued down until 2009 very similar thing happened between 2020 2022 he come up to 2070 price level backed off came back up to 2070 again in March of 2022 so again back up to the high for the second time and it was the pullback from that March 2022 high that finally got out of control in When September October of 2022 and you took out a bunch of Prior lows just like what happened like you said in 2008 soon as you did that boom you’re back to the highs so it was a fake out that was a cleansing drop that was similar to the 2008 debacco was over with so fast if you were on a long vacation you missed it okay everybody seems to think we have to have another one why you just had one okay uh I don’t think the stock market is about to crash by the way I think the stock market if it’s going to crash which I think is possibility in this bare Market doesn’t always occur in bare markets you stock market the noise have a crash to Bubble never had a crash okay it’s going to take some months of downside arm wrestling in the stock market before you finally get it to levels that could generate a sharp rapid selloff between now and then I’m suspecting you got several months of arm wrestling decline now there’s some levels below the market but they’re down there you’re not threatening them right now so I don’t think there’s any near-term Jeopardy next couple months of anything like a crash in the stock market now you get a little closer to the election yeah maybe so gold I don’t think is threatened by that that phenomenon again um and between now and the next couple months I strongly suspect Gold’s going a lot higher and silver and miners especially a lot higher and as you noted if you go back to the February low of this year look at the gain that Silvers had from that low to the current price even though there’s been a recent pullback look at the percent gain in the miners from the February low to where they are now and look at the percent gain in gold and you’ll find gold is much less gain on a percent basis than those two those two subcategories Oliver parallels previous bull markets noting that silver tends to outperform Gold dramatically in the late stages he anticipates an acceleration phase in both medals particularly silver which could lead to significant gains quickly as of Monday the price of silver opened at $27.20 per ounce down 1.33% from the previous day’s price but up 13.68% since the beginning of the year the 52e high for silver reached $29.80 on April 12th 2024 while the 52-week low dropped to $2.69 on October 2nd 2023 the gold to silver price ratio stands at 85.7 3 Oliver also mentions a similar Trend in the performance of mining stocks compared to Gold suggesting a breakout in favor of miners notably Top Gold Miner numont Corporation LED Thursday’s S&P 500 ler board surging 12.5% to a 9-month high with strong volume after exceeding estimates for Q on adjusted earnings and revenues let’s get back to the interview we measure Silver versus gold a different way than other people do we what we do is we divide the price of silver into gold and if you do that silver right now is just below one 1.2% of the price of gold if you ever close a month frankly if you close a week in our opinion uh about 1.21% so not far above where we we’ve been laboring last several weeks uh you’re going to break that spread out now what I mean by breakout is this if you go back to 2020 High when silver fastly outperformed gold in that surge there’s been a relative performance staircasing downside action on that spread where Silver’s been losing value relative to Gold but you can plot it it’s a beautiful trend line it’s like a fiveo rally trend line you hit the line you back off and start we’re now pushing to try to get through that line you do the same thing with GDX the minor ETF versus gold you have the same sort of declining pattern since the surge in 2020 when miners beat gold it’s already breaking out with this month’s action so we think that that’s going to be a the final signal that tells us that yes we are in the acceleration phase because you go back and look in that late 2001 to 2011 bull market gold and silver it was in about 2010 that silver beat the pants off of gold it just suddenly erupted and went to 50 bucks you know from like 20 uh so it it was it was not only acceleration in both metals to the upside but at that point in time in the final year especially and this is true in 1979 to 80 as well which is the tail end of that ball Market silver vastly beat gold so while it might have barded you during much of the bull Trend up through 1979 or up through let’s say 2008 where silver was sort of keeping Pace with gold but really wasn’t beating it it was in the last year that silver went electric and we’re we’re at the threshold of that right now so anyway it’s it’s going to be an exciting year and probably a lot less than a year to to gain most of what I see coming the the only lag metric we have now was what we were just talking about the spread relationship between silver and gold just needs a decimal or so more and that spread will join and say yep Silver’s going to beat gold and that’s basically our final signal um we think there’s other things going on in other markets that are influencing this and uh you know the Bond Market stock market US Stock Market in particular we think it’s likely topped out of this recent teasing new high that it made due to five or six stocks primarily we all know that story uh we think that that uh we got a sell signal the first trading day of April that said okay that rally is over we’re rejoining the long-term damage that had been done in early 2022 it price is not far below where we are right now in fact so I think that that that teasing rally to a new marginal high in a few select parts of the stock market’s over now the process is that way that will no doubt influence data points which will influence the Fed and believe me they’re probably eager to start cutting they’re just looking for an excuse uh why uh I’m not going to allege political bias on their part but I’ve heard from various sources on news programs and so forth that the FED Governor definitely don’t want uh a trump Victory uh if all of a sudden that’s not the case in the months prior to the election which we suspect technically will not be the case then that’s going to hurt them uh and and Trump already said he’s going to fire Powell so uh now again let’s get off that subject the FED just needs some data points now we saw one last week GDP vastly lower than expected uh all you need is like a a a change in the employment numbers the gold price which had surged earlier in the week saw a significant Retreat to $2,337 per ounce by Friday this pullback followed the largest one-day drop in 2 years marking a correction phase after two unsuccessful attempts to sustain above $2,400 per ounce despite this correction there remain upside factors that could again Drive prices what potential upside factors do you foresee that could drive prices higher again shortly share your perspective in the comments below if the video resonates with you join our community by subscribing to our Channel and enabling notifications with the Bell icon thank you for being a part of our community for

It’s 100% Certain! The Upcoming Gold & Silver Rally are Going to Shake the World – Michael Oliver

Gold prices experienced a modest decline on Monday, with many traders remaining cautious ahead of key events later in the week, such as the FOMC monetary policy announcement and the release of US employment data. Amidst this uncertainty, volatility is expected to be limited until Wednesday afternoon when the US central bank’s decision is revealed.
Michael Oliver from Momentum Structural Analysis expresses confidence in gold’s resilience and foresees further upward movement, especially in the coming months. He also highlights the notable gains made by silver and mining stocks since February, underscoring their potential for continued growth compared to gold.
Reflecting on historical price movements, gold’s performance during significant market shifts, such as the dot-com bubble burst in the early 2000s and the aftermath of the 9/11 attacks. Gold demonstrated steady appreciation during these periods of uncertainty.
According to Oliver, during the last bull market from 2001 to 2011, gold followed a challenging yet significant upward trajectory characterized by periods of consolidation and intermittent dips. From August 1999 to August 2011, gold surged from 394 to 2,066 dollars per ounce, marking a remarkable 425% increase over 145 months in inflation-adjusted terms. Despite ongoing economic uncertainties, from November 2015 to May 2020, the price of gold steadily rose from 1,146 to 1,726 dollars per ounce, representing a 55% increase over 55 months.
Contrary to expectations of an imminent market crash, Oliver argues that while there may be downward pressure in the stock market, a significant crash would likely necessitate several months of decline. Gold surged by 25 dollars, while the Dow plummeted over 600 points at the opening. Since the start of Q2, stock markets, particularly the S&P 500, have experienced a decline of just over 5%, contrasting with gold’s significant 12% rise following a major breakout.
Oliver parallels previous bull markets, noting that silver tends to outperform gold dramatically in the late stages. He anticipates an acceleration phase in both metals, particularly silver, which could lead to significant gains quickly.
As of Monday, the price of silver opened at 27.20 dollars per ounce, down 1.33% from the previous day’s price but up 13.68% since the beginning of the year. The 52-week high for silver reached 29.80 dollars on April 12, 2024, while the 52-week low dropped to 20.69 dollars on October 2, 2023. The gold/silver price ratio stands at 85.73.
Oliver also mentions a similar trend in the performance of mining stocks compared to gold, suggesting a breakout in favor of miners. Notably, top gold miner Newmont Corp. led Thursday’s S and P 500 leaderboard, surging 12.5% to a nine-month high with strong volume after exceeding estimates for Q1 adjusted earnings and revenues.

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