How Serious is the Fed about Tightening Credit?

Peter Boockvar and Michael Oliver return as guests. Michael Wood of Reyna Gold visits for the first time.

Peter recently stated on CNBC that the Fed is embarking on the most aggressive tightening program in 40 years. In addition, Peter notes that sell side analysts are have not yet begun to lower earnings estimates for this year that will most certainly result from tighter monetary conditions and supply disruptions, rising operating costs and shrinking profit margins. Many analysts expect the Fed to give up the fight against inflation when economic pain becomes politically unbearable. Does Peter expect the Fed to capitulate its tight monetary policy and if so, what will that mean for the debt and equity markets as well as precious metals and the dollar? In light of those views, how is Peter allocating resources on behalf of his firm’s clients? 

Michael Oliver shares his latest market views objectively derived from his momentum and structural model and Michael Wood introduces Reyna Gold’s district-scale gold exploration prospect located in northwestern Mexico.

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Peter Boockvar is the Chief Investment Officer of Bleakley Advisory Group, a $3.5B wealth management firm. He is also Editor of The Boock Report. He previously was the Chief Market Analyst for The Lindsey Group, a macro economic and market research firm started by Larry Lindsey.

Peter’s market insights are frequently sought out by industry leaders and for several years he has been a regular guest host and contributor on CNBC programs. He is also regularly quoted in articles for Forbes, Barron’s, Bloomberg, CNN Money and a number of other news outlets. Peter graduated magna cum laude with a BBA in Finance from The George Washington University.

Michael Wood holds a BSc. in Economics from Cardiff University and an MBA from Hong Kong University of Science and Technology. He started his career in Wealth Management in London, before joining the Metropolitan Police, where he progressed to be a detective conducting Counter Terrorism Investigations for Scotland Yard’s Counter Terrorism Command (SO15). Mr. Wood is currently the Chief Executive Officer of Reyna Gold, which holds a portfolio of gold projects in Mexico; and Chief Financial Officer and director at Reyna Silver Corp. He is also a director at Emerging Markets Capital, a Hong Kong based private investment and advisory firm focused on natural resources.

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.