Basel III & Gold. Rocket Fuel Added for Gold’s Next Takeoff

Andrew Maguire, Chris Taylor and Michael Oliver return as guest on this week’s program.

FOX Business, Bloomberg & CNBC haven’t mentioned a huge change in the accounting of gold for banks by the end of this month but it’s a very big deal! Gold will become a Tier 1 asset valued at 100% for banks. That means that gold will be counted as a much more valuable asset held by banks against which they can make more loans. Finally, there may be a reason for banks to desire higher rather than lower gold prices. Might Basel III along with endless QE start the next gold price explosion? That and other market dynamics underlying gold’s next major bull market are explored with Andrew.

Chris updates us on one of the most exciting recent gold exploration stories, that being Great Bear Resources. Its Dixie project looks very much like the rich Red Lake Gold deposit that made Goldcorp. Michael shares his latest comments on gold and other markets of significance to assure us we are traveling on profitable investment paths.

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Andrew Maguire sits on the advisory board of The Allocated Bullion Exchange (ABX) and is a consultant and advisor to many international hedge fund managers, bullion banks, directors and metal traders globally, all of whom rely on his highly recognised field of expert market analysis and incredibly accurate ability to forecast.

In 2009, Andrew decided to go public and provided evidence to the U.S. regulators relating to fraud and price manipulation that was being committed globally in the international gold and silver markets. This put him at the epicentre of a storm for exposing what could be the largest fraud in history involving countries, banks and government leaders, which is still an on-going investigation and does not deter him in his determination to see fair play for all on the trading fields. He currently advises many other legal firms who are involved in bringing to justice criminal acts within the financial world and rely on his expert advice.

Christopher Taylor is President, Director of Great Bear Resources Ltd. since December 2010. He graduated with a Bachelor of Science honours degree in Earth Sciences in 2000, and a Master of Science degree in Structural Geology from Carleton University in 2003; Mr. Taylor operates an independent geological consulting practice, evaluating exploration and mining properties for acquisition purposes; Geologist with Imperial Metals, Inc., a TSXV company from 2004 to 2009.


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.