Michael Oliver’s Never Been More Bullish on Silver

Michael Oliver and David Wolfin return as guests on our new Audio/Video format at JayTaylorMedia and the JayTaylorMedia YouTube channel. With a large number of countries led by China, Russia, the BRICS, Saudi Arabia, and a host of other oil producing gulf states, the petrodollar which has long enabled the U.S. to live way beyond its means is now being transformed into the petroyuan.

With the net exporting countries, including Japan, decreasing their holdings of dollars, how is the U.S. going to finance its massive deficits which now are over 120% of GDP? Who is going to buy U.S. Treasuries? How high will interest rates need to go to find willing buyers of U.S. Treasuries? And if interest rates rise, what are the odds of a debt trap that requires the Fed to print more money simply to pay the interest on the federal debt? As we enter a recession in 2023 the deficit may well explode out of control. Michael’s momentum and technical analysis won’t answer those questions directly but his ability to confidently know the long-term direction of markets by listening to market momentum and structural characteristics can help individuals make wise decisions in protecting personal wealth.

Michael’s works say to generally stay out of stocks and bonds and go long on soft and hard commodities most notably precious metals of which he is most bullish on—silver. Given Michael’s views on silver, it is fitting to have David Wolfin, the President & CEO of Avino Silver and Gold Mines joins me to talk about his plans to increase future silver production by a factor of four to 8 or 10 million ounces annually from the 2022 total of 2.3 million ounces.

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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. 

David Wolfin has over 30 years of public company experience in mineral exploration, development, construction, and operations in precious metals in North America. 

He currently serves as President, CEO and Director of Avino Silver & Gold Mines Ltd listed on NYSE American and Toronto stock exchanges.  He successfully developed the company from a minority owner of the closed Avino mine in 2001 with a market capitalization of $0.8 M, to successfully negotiating a 100% ownership in the Avino mine in 2006, and then into commercial production in 2012. He successfully grew the company to one with 300-500 employees with a market capitalization reaching as high as $250 M. 

Mr. Wolfin learned the business from the ground up by working in the field at mines and operations in Mexico, Nevada and in the finance industry by working on the floor of the Vancouver Stock Exchange in the 1980’s, and several years at Pacific International and Continental Carlyle Douglas Securities firms in the 1980’s. He also learned under the mentorship of his late father Mr. Louis Wolfin, legendary mining financier.

He is experienced in M&As, Capital Markets, Brokered & Private Placement financings, and an Offtake agreement with Samsung, At-The-Market offerings, and credit facilities totalling more than $250 M US in aggregate.

Mr. Wolfin has studied business and geology at Colorado State & Simon Fraser Universities.   

For the last 15 years, Mr. Wolfin has also managed the Oniva International Services Group which includes Avino Silver & Gold Mines Ltd. (CEO, President & Director); Bralorne Gold Mines Ltd. (Former CEO, President & Director); Coral Gold Resources Ltd. (Former CEO, President & Director); and Levon Resources Ltd. (Former Director). 

In addition, he currently serves as Chairman and Director of Silver Wolf Exploration Ltd. (Formerly Gray rock Resources Ltd.).

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.