Michael Oliver Latest on Gold, Silver, Oil and S&P | Recorded Evening May 15
Jimmy Connor May 17, 2026 45:09
Summary
The guest argues the 30-year Treasury breaking a multi-year basing pattern signals a bond crisis larger than the 2008 mortgage shock.
Oliver calls silver his most explosive setup, reiterating a $300-$500 late-summer target after spotting a March bear trap near $61.
He frames the S&P at 7,500 as topping, with narrow semis leadership reading as a blow-off top, not a new bull leg.
Oil is in a major bull trend after a January $65 breakout, but Oliver expects a flush to $80 from headline-chasing longs before resumption.
Bitcoin's rally to 80,000 looks like a counter-trend bounce in his view; a renewed break below 60,000 would put its viability in question.
Michael Oliver's takeaways
- Top takeaway Oliver warns of an unfolding global government bond crisis that the Fed cannot control, arguing the eventual policy response will be massive money printing that drives gold and silver into a parabolic phase.
- He expects the S&P 500 near 7,500 to top in a 'happy' market phase, with only Nvidia, AI, and semiconductors masking broad weakness, and flags a potential sharp reversal if the index slips back below the 6,900 to 7,000 distribution zone.
- Oliver maintains an aggressive silver target of $300 to $500 by late summer, framing the move as an overdue logarithmic breakout from a multi-decade $4 to $50 range.
- He is bullish on gold from current levels near $4,600, citing historical eightfold bull-market multiples from the 2015 low near $1,050 and JPMorgan's $9,200 target as a baseline.
- Oliver is broadly bullish on commodities, sees oil pulling back into the $80s before resuming a multi-year bull trend, and expects copper to push toward $7 or $8.