Focusing on World Class Gold & Silver Discoveries Underway

Dr. Quinton Hennigh and Michael Oliver are returning guests on this week’s program.  

Looks like Michael Oliver “nailed it” once again in his latest call to aggressively go long gold and gold shares as soon as gold were to register a weekly close above $1,825 anytime this quarter. As a technical analyst, Michael leaves the complex causes of why markets behave as they do to fundamentalists like Alasdair. Alasdair has explained that after Basel III banks will effectively no longer be able to hold derivatives like futures contracts and options without allocating additional capital to their balance sheet, which over time should lead to more accurate price discovery.   This should be massively bullish for gold and silver because approximately 15,000 times more paper gold than physical gold is traded on the LBMA, and those contracts on balance have a very strong anti-gold bias. So as of January 3, 2022, those “anti- gold” derivatives will no longer be able to obscure price discovery for gold & silver bullion. That factor combined with a runaway inflation problem are two fundamental bullish forces underlying Michael’s most recent call which seems to be “spot on.”

A little known fact to most investors is that gold and silver miners are the most profitable sector in the S&P 500, aside from financials. But the miners are rapidly depleting their reserves in the process and are in dire need of new deposits. To the rescue, comes Dr. Quinton Hennigh and other exploration geologists who are helping tiny Canadian companies find the next world class gold and silver deposits.

Quinton Hennigh talks about several small cap exploration companies that appear to be on their way toward major discoveries, such as Eloro Resources, Eskay Mining, Lion One Metals, and Novo Resources. Quinton provides updates on the progress those companies are making as well as earlier stage developers that have similar world class exploration potential like Labrador Gold Corp., Firefox Gold and Hannan Metals. This episode, more than most, is geared toward helping listeners make money to help turning hard times into good times.  

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Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian-listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5-million ounce gold asset that was sold to First Mining Gold.  In 2010, Dr. Hennigh helped start Novo Resources, now a gold producer, by assembling its Australian exploration portfolio. He is Geologic and Technical Advisor to Crescat Capital. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

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

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.