Kevin Duffy, Michael Oliver and William Sheriff are this week’s guests.
Kevin of Bearing Asset Management, a company that has been most successful in equity bear markets, explains 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.
William talks about the company’s story and the always dependable and uncannily accurate Michael Oliver gives 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.
William Sheriff, an entrepreneur and visionary with over 30 years’ experience in the minerals industry and the securities industry. Mr. Sheriff was the founder and previous Chairman and Chief Executive Officer of Golden Predator Corp. Prior to founding Golden Predator Corp. Mr. Sheriff was a pioneer in the uranium renaissance as co-founder and Chairman of Energy Metals Corp., and was responsible for compiling the largest domestic uranium resource base in US history before the company was acquired by Uranium One Corp for $1.8 Billion. Mr. Sheriff also serves as Chairman of enCore Energy Corp. Mr. Sheriff co-founded and previously served as Chairman of Till Capital and EMC Metals Corp., and as a Director of Western Lithium USA Inc., Uranium One Inc., Midway Gold Corp., Eurasian Minerals Inc. and Starcore International Mines Ltd. Mr. Sheriff was also a registered representative, holding positions with A.G.Edwards and Mitchum Jones and Templeton, in addition to having his own securities firm. Mr. Sheriff holds a B.Sc degree (Geology) from Fort Lewis College, Colorado and an MSc in Mining Geology from the University of Texas-El Paso and owns one of the largest privately held mining databases in the world.
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.