Adjusting Investment Themes to a Weaker Dollar

David McAlvany, John Tumazos & Michael Oliver return as guests on this week’s radio program.

McAlvany wealth management’s view of a weaker dollar is in sync with Michael’s view of both the dollar and gold. Does David think we are close to the dollar’s demise on the world stage or is this simply a cyclical move? McAlvany not only views gold of interest but also energy & timber. Why those sectors and what characteristics is David looking for in companies in those sectors? We will ask David.

John will talk to us about an Australian iron ore stock that is making huge profits and paying huge dividends as it supplies China’s insatiable demand as it builds out infrastructure around the world. Gold has had a very significant breakout above the $1,360 resistance level but does this signal a real move to much higher prices, or will the yellow metal stall out? Michael will opine.

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David McAlvany is the President of the McAlvany Financial Companies, McAlvany Wealth Management and ICA, a precious metals brokerage firm. He has been a featured speaker on radio and around the country analyzing world events and their impact on the global economy and financial markets. David can be heard weekly on his market commentary at www.mcalvany.com David is a graduate of Biola University and an associate member of Keble College, Oxford University, where he studied philosophy and political theory. He then went on to achieve honors as a top salesman with the Southwestern Company and gained extensive business expertise with Morgan Stanley, in California. His international research has given him a global perspective of developments around the world, which helps him avoid focusing too narrowly in his analysis of investment and risk in any give asset category. His interests are varied and he spends his free time with his wife and their children in Colorado.

Mr. John Charles Tumazos, CFA is the Owner, Founder and Senior Analyst at John Tumazos Very Independent Research, LLC, which was formed in July 2007.  The firm does fundamental research on commodities markets and common stocks in the metals, fertilizer and forest products sectors.  In their business model they sell their research and provide corporate advisory services to small emerging mining companies (www.veryindependentresearch.com).

Mr. Tumazos is a perennially top rated Wall Street analyst in the metals and steel sectors. He ranked first in Institutional Investor All-America team first twelve times since 1988 and 42 times overall since 1982. He is an all-time Hall of Famer in Wall Street Journal survey by 1997, was first in Greenwich Research survey metals category five straight years, and was a top metals price forecaster in RTZ 1995 global survey. He was named the best steel analyst worldwide by Euromoney magazine in 1986.

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.