Profiting from this Impending Stock Market Decline
Kevin Duffy, Michael Oliver and Janet Lee-Sheriff are this week’s guests.
Kevin of Bearing Asset Management, a company that has been most successful in equity bear markets, will explain why he believes we are facing a major bear market and how you can turn what will be a huge negative for most portfolios into sizeable gains over the next few years. One of Duffy’s strategies is to go long gold and gold shares and one of the most exciting new gold exploration stories is that of Golden Predator.
Janet will be with us to tell that company’s story and the always dependable and uncannily accurate Michael Oliver will give us his latest technical readings for the T-Bond, stocks, currencies, gold and commodities in general.
Kevin Duffy got into the investing business in 1985 as an analyst and also as a strategist. He started and cofounded a money management firm in 1988 after the ’87 crash. Kevin Duffy and Bill Laggner are the brains behind the Bearing Fund. In case you have not heard of the Bearing Fund, it is a hedge fund that gained over 100% in 2008 when most 401k’s were turned into 201k accounts. Bill met Kevin in the ’90s and both cut their investing teeth on the short side of the tech bubble markets that imploded in 2000, after which they formed Bearing Asset Management.
Janet Lee-Sheriff brings 25 years of public, governmental and private sector experience to the role of CEO of Golden Predator, having served in senior officer-level positions with several public companies. Previously, Ms. Lee-Sheriff managed Cabinet Policy and Intergovernmental Affairs for the Conservative, Liberal and NDP governments of the Yukon, developed the Yukon Economic Forums and delivered gold conferences for GATA in Dawson City, Yukon, Washington, DC and London, England. She founded the Yukon Mines Legacy Foundation and the Yukon Gold Mining Alliance. Ms. Lee-Sheriff has a long history of pro-actively working with the Yukon First Nations. As founding director of the Yukon Mines Training Association, she secured $20 million in federal funding for aboriginal mine training. She has successfully negotiated and implemented a number of socio-economic and exploration agreements between the Company and several Yukon First Nations.
Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, NYC. He studied under David Johnson, head of Hutton’s Commodity Division and Chairman of the COMEX.
In the 1980’s Oliver began to develop his own momentum-based method of technical analysis. In 1987 Oliver, along with his futures client accounts (Oliver had trading POA) technically anticipated and captured the Crash. Oliver began to realize that his emergent momentum-structural-based tools should be further developed into a full analytic methodology.
In 1992 he was asked by the Financial VP and head of Wachovia Bank’s Trust Department to provide soft dollar research to Wachovia. Within a year Oliver shifted from brokerage to full-time technical research. MSA has provided its proprietary technical research services to financial and asset management clients continually since 1992. Oliver is the author of The New Libertarianism: Anarcho-Capitalism.