Currency Wars – Rocket Fuel For Gold!

John Rubino and Michael Oliver return on this week’s radio program. Hubert Parent-Bouchard of Radisson Mining Resources appears for the first time.

European Central Bank (ECB) President Mario Draghi has been forcing the dollar higher by his “all it takes” strategy to generate European growth. But that policy has ramped up currency wars by giving the Euro zone an advantage in international trade. President Trump has let it be known the U.S. won’t accept that any longer nor can the Euro zone print Euros to buy American corporations as the Swiss Central bank has. With a global tariff fight and currency devaluation in play, visions of the 1930s are reappearing.

The winds of a competitive devaluation triggered an explosive rise in gold which Michael Oliver says it is suggesting we should soon expect a dive in the value of the dollar. We will ask Michael more about that topic and Hubert will talk about Radisson’s new very high-grade gold deposit that for the moment the market seems to be ignoring.

John Rubino runs the popular financial website He is co-author, with GoldMoney’s James Turk, of The Money Bubble: What To Do Before It Pops, and author of Clean Money: Picking Winners in the Green-Tech Boom (Wiley, 2008), The Collapse of the Dollar (also with James Turk), How to Profit from the Coming Real Estate Bust (Rodale, 2003) and Main Street, Not Wall Street(Morrow, 1998). After earning a Finance MBA from New York University, he spent the 1980s on Wall Street, as a Eurodollar trader, equity analyst and junk bond analyst. During the 1990s he was a featured columnist with and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

Hubert Parent-Bouchard joined Radisson Mining Resources Inc. during its restructuring in 2014; since 2016, he is conducting corporate development for the company. Prior to joining Radisson, Mr. Parent-Bouchard worked for 7 years in accounting and compliance for a Quebec-based insurance and investment company and a renowned mining contractor in the Abitibi area. He holds a business administration degree from Laval University and is currently completing the graduate micro-program of sustainable development applied to the mineral industry at the UQAT. Since 2015, Mr. Parent-Bouchard serves as Director and Treasurer for the Rouyn-Noranda branch of Canadian Institute of Mining.

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. 

About Jay Taylor