Real move in mining stocks just beginning, veteran market analyst says
Founder of Momentum Structural Analysis asserts the gold and silver rally signals the start of a big move in mining and metals stocks.
Veteran market analyst Michael Oliver predicts a significant move in mining and metals stocks is on the horizon. "We're about to see something out of the monetary metals and their miners that will blow your head off," Oliver stated in an interview with MINING.COM host Devan Murugan. According to Oliver, silver is the stock to watch, as he believes it will experience a "furious recovery" in the coming months and years.
Oliver argues that silver will outperform gold in the near term, and investors should allocate their resources accordingly. Oliver emphasizes that the current crisis the world is facing will have a profound impact on major asset categories, leading to a new reality that will reshape the market landscape. He suggests that the conventional wisdom and assumptions surrounding monetary metals may no longer hold true, as the wave effects could even challenge the role of central banks.
Oliver points out that the constant increase in money supply results in a degradation of the dollar's real value, leading to a steady erosion of its purchasing power.
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