Michael Oliver Warns This is Your LAST Signal Before GOLD & SILVER Prices Blow THROUGH THE ROOF!

Miners versus gold.

The valuation box that has been humiliating the sector for 13 years.

“You like gold, like silver, you got to have miners, guys.”

He walks GDX versus an ounce of gold.
Twenty years ago that spread was about 6 to 6.5 percent.
Then 2008 through 2015 crushed it toward 1.2 percent.

“It wiped it off the page!”

The longer XAU history is even uglier.

For decades the Philadelphia gold and silver miners index lived around 25 to 27 percent of an ounce of gold, with a range from about 18 to 35 percent.

After 2008 it cascaded to 4 percent.
FOUR PERCENT.

Then it sat in a 13 year basement between roughly 5 percent and 8.5 percent.

“13 year wide base at valuation levels that are off the page.”

Now the spread is punching through the top of that box.

Oliver says the first resistance is the old multi decade floor around 18 percent.
That’s a DOUBLE in miner value versus gold before they even hit real history.

“In this next phase of the gold bull market, you really want to emphasize miner positions, miners, not the gold itself.”

“By the way, silver is doing a similar thing to gold right now.”

Silver already broke a decade wide relative range last November and held it. That’s Oliver’s tell. What comes next should be fast:

“We think what’s coming ahead and it should be very rapid over the next six months to a year, but especially the rest of this year could be very dramatic.”

When this spread upticks, both metals rise. Miners just rise harder.
He is not describing a sideways rotation. He is describing a net price blast.

“This is a table pounding technical and its only just beginning.”

“We’re in a different world this time. This is a different kind of bull market.”

Whatever gold does, multiply the miners by 2x: that’s essentially Michael Oliver’s rule of thumb for this leg.

The last cheap signal is the miners catching gold. Silver is leading the metal side.
OLIVER IS TELLING INVESTORS TO OWN THE LEVERAGE….
BECAUSE THE ROOF IS NEXT: