Michael Oliver says "It Begins"

Michael's momentum work sees a slab-by-slab collapse of the U.S. stock market

Michael Oliver’s momentum chart shown below tells him the U.S. equity markets are getting ready for a major decline not in a crash mode but in a “slab-by-slab” action. You can’t tell it by price but at major turning points, momentum most often leads the way to the next turn.

In addition to equities, Michael opined that long dated U.S. Treasuries may get a short lived lift but he is much more bullish on gold as equities tank. But he especially likes silver and thinks the gold and silver mining shares are about to rise dramatically higher. He discussed the silver/gold ratio and its importance. When silver gains relative to gold in the later stages of a precious metals bull market, it usually signals a major move is on for both of metals with silver outperforming dramatically on a percentage basis. In my interview with Michael he also discussed, the Magnificent 7, Bitcoin and with the label fascism being recklessly tossed about in this election season, he defined economic fascism. Michael is no fan of Donald Trump but he thinks the labels pinned on him are based on emotions in the absence of fascist policies. That is not to say that there are not already elements of fascism in America from the existing ruling elite that actually runs America and guides its politics.

Michael Oliver’s Bio:

J. Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC.  He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.

In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.

In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992.

Oliver is the author of The New Libertarianism: Anarcho-Capitalism.

Best wishes,

Jay Taylor

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