Michael Oliver & Vince Lanci: Part One - We Have Entered A Precious Metals Acceleration Phase

In this Palisades podcast episode, Tom welcomes back Michael Oliver from Momentum Structural Analysis and Vince Lanci, publisher of the Goldfix Substack. The discussion covers various markets - metals, equity indexes, commodities - and in part two, the upcoming election.

Michael Oliver initiates the conversation by analyzing the NASDAQ's remarkable growth since the 2009 Bear Low and its significance as a leading index due to its substantial percentage gain. He attributes this influx of funds to the M2 chart or Fed funds rate chart, directing investment into the stock market at that time. Michael then pivots towards the current market situation, sharing his view on momentum analysis and the election's potential impact, emphasizing the importance of examining trends beyond just price. He points to a major sell signal in January 2022, causing a steep decline followed by recovery.

Vince Lanci contributes by addressing the narrowing breadth in the stock market. He stresses that leadership changes are vital for overall market health and believes there's currently no breadth, limiting options if AI leadership falters. Vince explains how the stock indexes have shrunk from a broader group to key players.

The discussion also touches on copper and natural gas commodities before focusing on precious metals. Michael highlights the deceptive nature of the acceleration phase in a bull market and the significance of understanding trends and structures rather than relying solely on popular indicators like RSI or MACD.

They further delve into investment strategies based on silver market analysis and historical trends, sharing personal experiences and anticipating precious metals market movements due to geopolitical tensions and central banks' actions. Vince also brings a geopolitical perspective, focusing on central banks and sovereign wealth funds buying silver as an international trade collateral store of value.

They explore the potential for a new Bretton Woods and gold's ability to anticipate economic trends. Vince expects significant precious metals market movements due to the anticipated end of fiat currency and gold's role in predicting economic shifts, with concern about commercial real estate and stock markets potentially being affected by central banks' involvement.

Time Stamp References:
0:00 - Introduction
1:02 - Nasdaq & Momentum
4:58 - Nvidia & Stock Markets?
10:38 - Copper Importance
12:53 - Natural Gas Chart
18:44 - Past Silver Bull Mkts.
24:30 - Momentum & Timeframes
26:38 - Maintaining Perspective
34:09 - Silver Spread Vs. Gold
37:40 - C.B. Gold Buying & BRICS
43:43 - Gold & The End of Fiat

Talking Points From This Episode
- Michael Oliver discusses the NASDAQ's growth, attributing it to funds shift post-financial crisis, emphasizing importance of understanding market trends beyond just price.
- Vince Lanci highlights narrowing stock market breadth and stresses leadership changes are crucial for overall health and potential risks if it falters.
- They explore investment strategies in precious metals, discussing historical trends, geopolitical tensions, and central banks' role.

Vince Lanci - Guest Links
Special Discount: https://vblgoldfix.substack.com/TomPalisades
Website: https://vblgoldfix.substack.com/
Twitter: https://twitter.com/Sorenthek
ZeroHedge: https://tinyurl.com/3x72ndfc
LinkedIn: https://www.linkedin.com/in/vincentlanci/
Boobs & Bullion: https://twitter.com/boobsbullion

Vincent Lanci is the Owner and Founder of Echobay Partners LLC. and is a regular contributor on ZeroHedge.

In 2018 Vince was honored to be a part of Market Wizard Larry Benedict's Opportunistic Trader project as precious metals and Option expert. In addition, in 2017, Mr. Lanci and Professor Robert Biolsi co-authored Forecasting Oil and Natural Gas Volatility for UCONN.

From 2004-2008, Mr. Lanci was Co-Head of Metals & Energy Trading for CiS Options LLC, Echobay's predecessor, where he ran the long-short and vol-arb portfolios for CiS's parent fund and generated $103MM during that time.

From 1993-2003, Vince owned and operated Berard Capital LLC option market makers. In 2000, he co-founded Whentech with David Wender, where he was the chief architect of the "Pit-Trader" user interface. Between 1987-1993 he gained experience at Lehman Bros and Cooper Neff. Mr. Lanci contributes to Zerohedge, BBG, and RTRS. He has paneled at Mondo Visione, NYC Mines & Money conferences, and is a champion of level investor playing fields.

Michael Oliver - Guest Links:
Website: http://www.olivermsa.com/
Twitter: https://twitter.com/Oliver_MSA
Amazon Book: https://tinyurl.com/y2roa7p5
Free Report email: michaeloliver@olivermsa.com

Email MSA above, and they will send you this week's report for free, which covers many of the topics from this interview.

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 proprietary 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 analysis. He is also the author of The New Libertarianism: Anarcho-Capitalism.