https://youtu.be/9T3P9o3XHIA This week on the McAlvany Weekly Commentary, David McAlvany interviews technical analyst Michael Oliver, founder of Momentum Structural Analysis (MSA), about what he describes as the most important chart in global markets today: the long-term gold vs. S&P 500 spread. According to Oliver, this relationship has now broken decisively, signaling a major structural shift that could reshape asset allocation for years to come. For more than four decades, Michael Oliver has applied his proprietary momentum-based methodology to stocks, commodities, bonds, currencies, and major market spreads. His firm, Momentum Structural Analysis, provides detailed long-term momentum research to institutions, fund managers, and private investors seeking to understand major market turns before they become obvious through traditional price charting. In this conversation, he explains why the gold/S&P 500 breakout matters, why silver may be preparing for a much larger move, and what his momentum models are signaling across multiple asset classes. Download Michael Oliver’s November 16 MSA Sample Report A full sample of Michael’s recent research is available here: MSA Sample Report – November 16, 2025 (PDF) This report includes long-term momentum charts across equities, commodities, monetary metals, and fixed income, along with commentary explaining why MSA focuses on momentum structures rather than conventional price action. Explore Momentum Structural Analysis Listeners who want to learn more about Michael Oliver’s work should visit the MSA website: Momentum Structural Analysis – Official Websitehttps://www.olivermsa.com/ Additional free sample reports are available directly through MSA here: Request Free Sample Reports from MSAhttps://www.olivermsa.com/contactsample-reports.html On the MSA site, readers will find: Background on Michael’s methodology Recent sample analysis Details on the asset classes he covers Contact information to reach him directly At the end of the interview, Michael encourages interested listeners to email him through his website with questions or to request additional sample reports. His contact details are available on the MSA contact page. About This Episode In this week’s discussion, topics include: Why momentum often leads price at major inflection points The gold/S&P 500 spread and what its breakout implies for equities and hard assets Silver’s structural positioning and long-term potential The Bloomberg Commodity Index and signs of a broader commodity shift Momentum deterioration in long-term Treasuries and potential implications for government debt Bitcoin’s structural breakdown and its impact on broader risk assets The case for a multi-year shift toward monetary metals and tangible assets This interview offers a clear, momentum-driven framework for understanding current market dynamics and longer-term transitions.