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Michael Oliver’s 2026 Framework: Gold, Silver & Commodities — Stocks & Bonds Are Topping


You Asked, Michael Oliver Answers... his highest-conviction 2026 outlook in just 7 minutes. 

The Momentum Structural Analysis founder explains to Trey Reik why he believes U.S. stocks and government bonds are late-cycle, warns that even new market highs could be a trap, and argues that sovereign debt is “not safe anymore.” Oliver then shares why he sees gold and silver as still early in a much larger bull market, why miners could lead on a percentage basis, and why broad commodities like oil, agriculture, and base metals are “just giving birth” to a new uptrend. This is a rapid-fire framework for portfolio positioning focused on risk, rotation, and capital preservation.

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