Top Three Videos – April 23, 2024

Precious Metals and Commodities Insights

• “We think that silver and the miners are the better place to be going forward.”
• Silver has historically been up to 2-3% of the price of gold, indicating potential for significant price increase.
• Gold has had three bull markets in 50 years that have attained six and a half to eightfold moves from bear low to bull high, so an eightfold move to $8,000 is not abnormal.
• The recovery in silver and gold miners is threatening to break out over a three-year downtrend structure, indicating a potential shift in the monetary medals market.
• Michael Oliver suggests that silver miners may be about to shift to positive in relation to gold miners, indicating a potential opportunity for investment in silver stocks.
• Copper’s breakout above $4 by momentum metrics indicates a potential for further gains, with the $5 high from a couple of years ago likely to be taken out.

   

Market Analysis and Predictions

• Michael Oliver emphasizes the significance of looking at tectonic plates bumping into each other in the markets, suggesting a broader perspective on market movements.
• The precipitous drop in US equities signals the beginning of a downturn resumption.
• The US equities market could be in for a serious downturn, with consequences lasting several months.
• “We think we also have the biggest stock bubble in US history and therefore its implosion will be worse than any other prior bare Market in the stocks including 29 to 32 including including the real estate bubble in seven when this one breaks it’s far bigger bubble.”
• Government control over money could lead to legal steps being taken if Bitcoin becomes a threat to the Monopoly control over the money by the Central Bank.