Gold and the Great Unraveling | Michael Oliver

Gold and silver markets closed in the red this week.

Recent spot price weakness has been attributed to significantly lowering crude oil prices with some blends down over 20% in price over the last five or so weeks, as well US dollar index strength has now blown past levels not seen since the summer of 2017.

The gold spot price closed the week around $1,211 US dollars per troy ounce. The silver spot price finished this week around the $14.22 oz mark in US dollar terms.

In industry news, two noteworthy events occurred since our last Metals & Markets wrap (where we just covered Venezuelan US gold sanctions in the second half or our podcast). 

This past week, the Bank of England reportedly denied Venezuela’s recent gold repatriation request from London, citing concerns that the Maduro regime would simply use said gold for itself and not the Venezuelan citizenry.

On the reported Bank of England denial of Venezuela gold repatriation, one might consider the larger ramifications for other nations such as Bolivia, Ecuador, Brazil, and India all of whom currently store  large gold reserves in London as well.

This past Monday November 5th, Republic Metals Corporation, one of the largest bullion refineries in the United States, declared bankruptcy.

The Republic Metals bankruptcy will add to supply side pressures to the US bullion industry, and may be further exacerbated if silver and gold spot prices continue to fall in the weeks and or months to some.

Both ongoing stories were and will continue to be covered on the Silver Doctors website ahead.



Welcome to this week’s Metals & Markets Wrap, I’m your host James Anderson of SD Bullion.

With us this week is a new guest to our podcast. He is Mr. Michael Oliver of Momentum Structural Analysis. Michael began his financial career working in the gold market in 1975.

That was the same year US citizens were again allowed to save in gold bullion, as well in 1975 the COMEX began trading gold futures contracts (see Wikileaks cable on gold 1974).

Michael began his study of gold and financial markets under David Johnston, the then head of EF Hutton’s Commodity Division, who was then Chairman of the COMEX until 1981.

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 October Stock Market Crash (i.e. Black Monday).  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. 

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

Some of this Week's Gold Silver Podcast Questions

Can you give our listeners an understanding of what it was like from the cyclical bear market low of $100 oz gold in 1976, all the way up to the $850 price spike in gold January 1980?

What about the Hunt Brothers, how did the sudden changing of COMEX silver future contract rules alter the market?

Could you share with our listeners how you were able to successfully identify and profit on the October 1987 stock market crash?

There are many listeners out there who point to manipulated fiat currency values, and central bank driven financial markets and thus believe technical analysis to be a wasted errand. Can you share with them a bit on your methodology and why it has served you and your followers over the decades?

I have heard that based on your analysis you believe a top is in for the US stock market already. What are your thoughts on both gold and then silver at the moment?

You and your team over at Momentum Structural Analysis have identified that gold and other precious metals about to reverse from being ignored and unloved, to again being the favorite market out there. Can you explain to our listeners some details on your gold and silver mining research offering?

To conclude Michael, we obviously have valuation bubbles in various asset classes and even in fiat currency values themselves. We have record global debt levels which will likely need restructuring, written off or inflated away.

I’d like you for you to describe for us all, how you believe this coming bull run for precious metals may culminate and ultimately end.

COMEX silver futures contract change January 1980 effectively ended the overleveraged Hunt Brothers SD Bullion SDBullion.com


Remember all of you reading this, one of the biggest differences between this potential gold and silver bull market ahead, this version is a woldwide phenomenon.

Not merely a western led event as we discussed in detail last week.


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James Anderson
James Anderson
Content Director

A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.

Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades.