Michael Oliver: $2400 Gold & $34 Silver Amid Financial Contagion
Liberty and Finance, Released on 5/10/23
If some of the "too big to fail" banks start making new stock lows, there will be growing concern from the public, says Michael Oliver of Momentum Structural Analysis (https://www.olivermsa.com). Investors are already moving into gold and silver, and Oliver's next targets for the metals are $2400 and $34.
0:00 Intro1:14 Silver breakout8:40 Gold update12:50 Banking sector17:50 Deflation?31:00 OliverMSA.com31:19 Miles Franklin
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.
Michael Oliver: $2400 Gold & $34 Silver Amid Financial Contagion added by Herman James on 05/09/2023View all posts by Herman James ?+'