Michael Oliver Just Warned Investors Need To Act Quickly!
In a recent interview with King World News, Michael Oliver, renowned for his accurate forecasts on stocks, bonds, and major markets, issued a stern warning to investors. Oliver believes that time is of the essence and investors must act swiftly to seize potential opportunities.
Oliver discussed the relative performance of gold miners compared to the S&P 500, highlighting significant trends and insights. He pointed out that in late 2015, both gold and the miners reached their bear market price chart lows. Additionally, the miners’ relative performance, represented by the XAU Index, hit a relative performance/spread chart low against the stock market. This point of low performance was even slightly lower than the readings observed in 2000, when the stock market was at its peak and gold was starting its next bull trend.
Since those lows in late 2015 and early 2016, both gold and the XAU Index have experienced a positive turnaround. In fact, the XAU Index has outperformed the S&P 500 during this period. Oliver emphasized that the spread between XAU’s price and the S&P 500’s price has twice reached the 5% level, indicating that the XAU Index has doubled its performance compared to the stock market.
Although the relative performance of gold and silver miners has pulled back in recent years, with the current spread reading at 2.691%, it still surpasses the late 2015 low. This means that despite the temporary decline in performance, gold and silver miners have continued to outperform the S&P 500 for the past eight years. Oliver highlighted the importance of monitoring the 5% level, which served as a significant peak in both mid-2016 and the summer of 2020. A breakout above this level could signify a massive advance for gold and silver miners against the S&P 500.
Oliver concluded his warning by urging investors to pay attention to the relative performance chart and the opportunities it presents. Instead of chasing rallies, he advised investors to adopt a strategy of buying low and selling high. According to Oliver, the relative performance chart indicates that the time to act is now. For more in-depth insights and a comprehensive analysis, interested parties are encouraged to subscribe to Michael Oliver’s MSA Annual Research.
As investors weigh their options and make critical decisions, it is clear that the relative performance of gold and silver miners against the S&P 500 holds significant implications. With the potential for a breakout above the 5% level, these miners could experience a substantial surge in performance. The call to action from Michael Oliver serves as a reminder to act swiftly and seize opportunities in the market.
Disclaimer: The content presented herein is for informational purposes only and should not be construed as financial advice or investment recommendations. The article reflects the opinions and analysis of Michael Oliver, but individual investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions.
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