Next Week’s Guests

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 join 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.

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.).

Previous Week’s Guests

What About the Dollar Milkshake Theory?

The Dollar Milkshake Theory holds that when times become financially difficult globally, like now, it plays in the dollar’s favor. And the proponents of that theory believe there is no reason at all to give up on the dollar. In fact, they think that times like this when the dollar is a bit weaker, you should be taking a stronger view of the dollar. For example, a recent guest on this show who is a proponent of the Dollar Milkshake Theory is Keith Weiner of Monetary Metals. 

The Dollar Milkshake Theory is in fact more than a theory. It is a proven dynamic that we have witnessed in times of global financial stress such as the 2008 crisis, and more recently with the supply side problems related to Covid and the Ukrainian war. With rising interest rates, foreign borrowers of dollars had to liquidate their assets and buy dollars to pay their debt obligations which caused the dollar to rise, hence the term Dollar Milkshake Theory. During times of trouble the U.S. sucks its NATO partners dry as money flows back into the U.S. at the expense of trading partners in the U.S. empire.

But what happens if interest rates continue to rise and/or if adversarial countries decided that they have had enough of the weaponization of the dollar? What happens to the fate of the dollar if those countries have orchestrated a competing method of trading that says, “we no longer need dollars?” That kind of tectonic shift in the global financial architecture is in fact taking shape right now. John Rubino will opine on that and other reasons why he thinks the days of dollar hegemony are numbered. 

Peter Tallman, the President & CEO of Klondike Gold, has worked hard to outline the first 500,000+ gold resource ounces from the hard rock source from where 20 million ounces of gold were mined in the great placer gold rush of the late 1800’s. Peter will explain why, geologically, there is reason to anticipate that 40-to-60 million more ounces gold remain on Klondike’s massive project in the Yukon located just minutes from downtown Dawson City in the Yukon.

John Rubino is the founder of the popular financial website DollarCollapse.com. 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 TheStreet.com and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications.

Peter Tallman, P.Geo, is President, CEO and Director of Klondike Gold Corp.  Mr. Tallman is an experienced mining entrepreneur and Professional Geologist. He has 35 years experience in the mining industry. Mr. Tallman has worked in Canada, Chile, Mexico, and Australia. His career has included the grassroots discovery and delineation of three mineral deposits, two of which have been mined, diversely including one gold, one antimony, and one zinc deposit. He is currently Director of Fiore Exploration Ltd. which is focussed on South America exploring for gold in Chile. Mr. Tallman has held either Founder, Director, and/or senior management positions at a number of publicly listed Canadian mining companies continuously over the past 20 years.