$3200 Gold & $55 Silver Soon! Prepare for BIGGEST Gold & Silver Rally in 50 Years – Michael Oliver

$3200 Gold & $55 Silver Soon! Prepare for BIGGEST Gold & Silver Rally in 50 Years – Michael Oliver

$3200 Gold & $55 Silver Soon! Prepare for BIGGEST Gold & Silver Rally in 50 Years – Michael Oliver

Gold has been on a non-stop tear higher of late, hitting new record highs for five straight days to the excitement of long-time gold bulls. Although some analysts are warning the yellow metal may be approaching overbought territory, one portfolio manager says there are lots of upside opportunities in the miners.
Proprietor of Momentum Structural Analysis, Michael Oliver, believes that gold and silver are entering a highly dynamic phase. Based on the market fundamentals, he predicts gold surpassing 3,000 dollars and silver hitting 55 dollars driven by momentum, with silver expected to outperform gold before the election. Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold’s rally to record peaks as interest rate cuts by major central banks fuelled investment interest in precious metals.
Additionally, Michael notes that miners, which have underperformed since 2020, are now re-engaging and could see a significant rise, with GDX potentially reaching above 50 dollars. The current VanEck Gold Miners ETF [GDX] share price is $41.31. The score for GDX is 69, 38% above its historic median score of 50, and it infers a lower risk than normal.
Regarding T-bonds, Michael anticipates short-term gains as a safe haven despite their negative long-term outlook. He expresses that within a few months, more capital may shift into gold as the preferred asset. According to market experts, gold prices often follow US Treasury yields because of the inverse relationship between yields and the yellow metal’s opportunity cost.
The one-year US bond yield is higher than the 10-year, at 3.98 percent, and the 10-year, at 3.77 percent. Rising short-term Treasury yields can make bonds more attractive than gold. Yet, in a Fed rate cut scenario, gold prices tend to align with Treasury yields, reversing their usual relationship.
During the interview, Michael Oliver explains that gold miners are still undervalued compared to gold, even after recent gains. He notes that larger asset managers are shifting into gold and miners as stock market risks rise. He predicts a stronger move into the mining sector, especially in the fourth quarter, leading to significant gains.
Notable contrarian investors are paying attention to gold miners; for instance, Stanley Druckenmiller made headlines when he sold off big tech stocks like Alphabet and Amazon in late 2023 and started buying into gold miners like Newmont and Barrick.
According to Michael Oliver, junior miners are poised to outperform larger companies eventually. He highlights the sector’s small size, making it highly responsive to incoming investments, which could lead to rapid gains as more capital flows in.

Follow on X: https://twitter.com/MoneySense_Off

“Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you’re a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals.

Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips”

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

#gold #goldpriceprediction #michaeloliver