Can the Fed Keep the Stock Market Up Forever?

David McAlvany and Quinton Hennigh were guests this week on the radio program.

Yamada, McHugh, Oliver and other notable analysts have declared with certainty that the U.S. stock market is headed into a significant bear market and many economists predict a global recession if not a depression on the horizon. We know that the Fed, BOJ, EU, BOC are directly and indirectly propping up stock prices and attempting to keep economies from contraction. But will these continuous market manipulations work once again or are these “gods of money” now facing a major day of reckoning? If central bankers are unsuccessful, what will it mean for the U.S. dollar, gold and gold mining shares? Those questions and more were addressed by David McAlvany.

Dr. Hennigh of Novo Resources, a company that is moving rapidly toward gold production in Australia, updated us on his Witwatersrand lookalike project which your host believes is the most exciting new junior gold mining stock. Novo is slated to start production as early as Q1 2016.

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David McAlvanyDavid McAlvany is the President of the McAlvany Financial Companies, McAlvany Wealth Management and ICA, a 36-year old 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 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.

Quinton HennighDr. Quinton Hennigh, President – CEO & Director of Novo Resources Corp., is an economic geologist with more than 20 years of exploration experience with major gold mining firms including Homestake Mining, Newcrest Mining and Newmont Mining. Dr. Hennigh was the former director and Chief Geologist of Evolving Gold Corp. where he helped assemble a world class portfolio of gold projects and led successful explorations resulting in three significant discoveries including the Rattlesnake Hills deposit, Wyoming. Currently, Dr. Hennigh is a director and Technical Advisor to Gold Canyon Resources., where he helped refocus exploration at the company’s Springpole Gold Project in Red Lake, Ontario. Dr. Hennigh is also currently the Chief Geologist of EurOmax Resources, the Technical Advisor and a director to Prosperity Goldfields Corp. and a director to NV Gold Corp. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.