Michael Oliver, founder of Momentum Structural Analysis, joins Steve Barton to reveal a stark macroeconomic outlook. He warns that the U.S. stock market, especially the S&P 500, is forming a broadening top—a classic sign of an impending bear market. By using momentum charts rather than traditional price action, Oliver identifies critical divergences and highlights tech leaders like Microsoft and NVIDIA as potential downside catalysts.

He sees strong upside ahead for silver, silver equities, and select gold miners, noting that gold's recent sideways action is not a sign of weakness but strength. The conversation also explores bearish signals in the U.S. dollar, persistent pressure in the bond market, and the potential knock-on effects in commercial real estate and emerging markets. Oliver outlines key levels to watch in copper, oil, and uranium as commodity markets show signs of awakening.

Investors looking for clarity in today's volatile environment will gain valuable insights from Oliver's momentum-based perspective. Be sure to like, share, and subscribe for more timely interviews with leading market analysts and strategists.

Connect with Michael Oliver!

Website: https://www.olivermsa.com/

🔥 Key Topics Discussed

✅ Momentum analysis vs. traditional price charts ✅ U.S. stock market broadening top and bear trend signals ✅ Gold's sideways price action and bullish momentum outlook ✅ Silver and silver miners as high-upside investment plays ✅ Weakening U.S. dollar and its macroeconomic implications ✅ Bond market pressure and commercial real estate risks ✅ Outlook for copper, uranium, oil, and broader commodities ✅ Emerging markets vs. U.S. equities performance ✅ India's bubble risk and China's market resilience ✅ Strategic positioning in gold, silver, and mining equities

If you found value in today's breakdown, please give this video a thumbs up, share it with friends, and don't forget to subscribe for weekly market insights. Join the discussion in the comments, and check out our free and premium content on the Rule Classroom for exclusive investment insights! If you would like to support the show, you can do so through a donation here or on YouTube Supers: https://paypal.me/InittoWinitLLC?country.x=US&locale.x=en_US Stay tuned for our next guest and happy investing!

Affiliates /Tools for Success that I Love and find Helpful:

Join Our Free Newsletter

Subscribe to my Substack

Technical Analysis Series

New Orleans Investment Conference Nov 2-5, 2025

Rule Classroom (Free)

Rule Classroom Plus (2 Free Months)

TradingView (Free)

Lobo's Weekly Recap (Free)

Uranium Newsletter

Chapters:

00:00 Michael Oliver returns with market overview 02:41 S&P 500 distribution highs and structural concerns 05:46 Broadening top pattern signals instability 08:58 Momentum analysis reveals market weakness 11:53 Macroeconomic view on the US dollar 15:37 Treasury yields and bond market pressure 18:35 Gold consolidation and macro positioning 20:57 Gold as cash alternative and long-term store of value 22:43 Gold miners compared to gold performance 25:53 Upside potential in mining stocks 27:08 Investing in gold and silver during declines 30:29 S&P weakness driving gold strength 35:11 Silver equities potential and portfolio allocation 37:00 Copper outlook and momentum confirmation 38:13 Copper miners showing strength over spot price 39:24 Pullback creates opportunity in copper miners 42:02 Crude oil technical setup and breakout levels 43:55 Oil production costs and long-term price support 45:06 Political effects on drilling and energy prices 46:38 Emerging markets valuation and outlook 49:36 India market structure and bubble risks 51:55 Key levels in Indian equities 52:33 Uranium long-term potential with near-term caution 55:09 Uranium correlation with the S&P 500 57:41 Bitcoin speculative behavior mirrors Nasdaq 01:01:47 Bitcoin momentum shifts and structure changes 01:02:50 Closing thoughts and where to follow Michael Oliver

DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience, and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own due diligence. Every investment and bet comes with the risk that your capital could go to zero.

WHAT I DO: I spread out my investments. It's not all on one thing. For every bet that I make, I devote one hour of study per month to that investment. I keep the number of bets to what I can feasibly study.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. I recommend them because they are helpful and useful, not because I am looking for the small commission. Thank you for using the links.

#MichaelOliver #GoldInvesting #SilverBreakout #StockMarketCrash #Commodities #Copper #DXY #Uranium #OilPrices #S&P500 #Bitcoin #MarketAnalysis #MacroInvesting #BearMarket2025 #SteveBarton #InItToWinIt #SteveBarton