Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that investors should not believe what the media is telling them about gold and gold stocks.
November 9 (King World News) – Michael Oliver, Founder of MSA Research: Before we get into silver and the miners, here’s an update with freshly plotted relative performance charts of gold and related vs. the S&P 500.
Yes, gold and related recently pulled back in relative performance vs. the stock market, though they’re upticking nicely so far this month, and generally from around levels of potential support following their breakouts late last year.
And for those who aren’t aware of the relative status of gold and the miners vs. the stock market, just look back through the past decade of readings.
The fact is they were par performers to the S&P 500. Meaning, by going sideways in their spread readings since 2015, they were gaining just as much in net price as was the S&P 500! Tell the talking heads on TV and the forever doubters online that and they won’t believe you.
Then came a statement surge late last year into early this year that said, “No more!” to that par status. The last several months of pullback didn’t negate that statement. Watch the next few months, as these readings will likely restate what they declared late last year.
The bottom chart shows XAU (the Philadelphia Gold and Silver Miner Index) and its performance vs. gold.
There was a massive base going back to 2014 and then a breakout (yes, fought for, but still with a resolute firmness to the readings that declares the miners are the better place to be). And versus what they mine out of the earth, they likely have relatively enormous upside potential. KING WORLD NEWS NOTE: The commentary and chart above were part of a much larger special report on gold, silver, miners, the stock market and more released by Michael Oliver. You must subscribe to Michael Oliver’s MSA Annual Service to get his special reports as well as his stock picks which have dramatically outperformed. To receive the special KWN discount to subscribe to Michael Oliver’s internationally acclaimed MSA Annual Research and gain access to their research and stock picks subscribe today by CLICKING HERE!
Gold & Silver Prices Finally Headed Higher
To listen to Alasdair Macleod discuss why gold and silver prices may finally be headed higher CLICK HERE OR ON THE IMAGE BELOW.
ALSO RELEASED!
Roadmap For Gold After False Breakdown And Subsequent Rally CLICK HERE.
Someone Is Bullish On Silver With A $700 Price Target CLICK HERE.
Lowest Level In 20 Years In The Silver Market CLICK HERE.
The Price Of Gold May Be Coiled To Surge $600+ In December CLICK HERE.
Expect Sharply Higher Silver Prices In The Years To Come CLICK HERE.
© 2026 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
