How True Gold Price Discovery Is Denied Citizens & Why?

Chris Powell, Michael Oliver and Amir Adnani return as guests on this week’s program.

In 1971, Pres. Nixon defaulted under the U.S. obligation to pay foreign central banks one ounce of gold in exchange for every $35 U.S. dollars. In truth, the dollar was no longer “as good as gold.” To maintain its value, the U.S. arranged with Saudi Arabia and OPEC to require that all oil exports be paid for in U.S. dollars thus enabling the U.S. to engage in the immoral act of printing trillions of fraudulent dollars to fund America’s endless wars and socialism. The gold price has risen but only partly in line with dollar debasement.

Chris explains how true price discovery has been denied by suppressive central bank manipulation. Notwithstanding gold price suppression, Oliver tells us why a serious breakout in the gold price is imminent. For the first time in many years, uranium prices are on the rise. Amir explains how Goldmining is ready to capitalize on this gold bull market.

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Chris Powell is a columnist for the Journal Inquirer, a daily newspaper in Manchester, Connecticut, where he has worked since graduating from high school in 1967. He was managing editor of the newspaper from 1974 until retiring from that position in February this year. His column is published in newspapers throughout Connecticut. He is also secretary/treasurer of the Gold Anti-Trust Action Committee Inc., a nonprofit organization that aims to expose and oppose the manipulation of the gold market and related markets by central banks. He is a member of the Board of Directors of the Connecticut Council on Freedom of Information and was its legislative chairman for many years. He is also a member of the Connecticut, Manchester, and Vernon historical societies and of the historic preservation group Connecticut Landmarks. He was the Republican nominee for state senator in the 4th Senate District in 1992.

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.

Amir Adnani is an entrepreneur and a mining executive. He is the founder of Uranium Energy Corp. and has been the President, CEO and a director of the company since its inception in January 2005.  He is also the founder and Chairman of GoldMining Inc., a public company that is acquiring and advancing substantial gold projects in the Americas.  Mr. Adnani is frequently invited to speak at prominent industry gatherings including the Milken Institute Global Conference and the International Economic Forum of the Americas, and is often interviewed by major business media outlets including The Wall Street Journal, Bloomberg, CNBC and Fox Business News.

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.