Preparing for the Petrodollar’s Demise

Lyn Alden, Michael Oliver and Corwin Coe return as guest on this week’s program.

After President Nixon closed the gold window in 1971, the U.S. dollar retained its value despite massive expenditures undertaken to expand its empire. The dollar retained its value through diplomatic arrangements with Saudi Arabia to force nations around the world to pay for oil imports using U.S. dollars. To enforce the dollar system, the U.S. military was used in countries like Iraq and Libya.  Seemingly, the U.S. could issue an infinite amount of debt used to manufacture dollars.

Lyn explains why the petrodollar’s days are limited, what that will mean for Americans in general, and how investors should prepare to profit from this knowledge before the dollar’s imminent decline. Michael shares his thoughts on the dollar and other key markets at this moment in time and Corwin provides updates on the progress of Sitka’s three gold exploration plays in Canada and the U.S. 

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Lyn Alden’s background lies in the intersection of engineering and finance.

Ms. Alden has a bachelor’s degree in electrical engineering and a master’s degree in engineering management, with a focus on engineering economics and financial modeling. She oversees the finances and day-to-day operations of an engineering facility and has been performing investment research for over fifteen years in various public and private capacities. Her work has been editorially featured or cited on Forbes, Business Insider, Marketwatch, Time’s Money Magazine, The Daily Telegraph, The Street, CNBC, US News and World Report, Kiplinger, Huffington Post, and elsewhere. She is also a regular contributor to Seeking Alpha, FEDweek, and Elliot Wave Trader.

Her website ( provides investment research and strategy, covering stocks, options, precious metals, international equities, and alternative investments, with a specialization in asset allocation.

Corwin Cor has over 35 years’ experience in the mining industry working primarily in Arizona, Nevada and the Yukon. He has put two mines into production in the past and is credited with the discovery of a 2.0-million-ounce gold deposit. 

Cor is a Professional Geologist, Mining Engineering Technologist and Gemologist, holding a Bachelor of Science degree in Earth Sciences from Simon Fraser University and a Diploma in Mining Engineering Technology from BCIT. He is a member of the Association of Professional Engineers and Geoscientists of B.C., the Northwest Territories and Nunavut Association of Professional Engineers and Geoscientists and the Association of Applied Science Technologists and Technicians of B.C. Cor has been a Director and/or Officer of several successful public mining companies and previously was a fully licensed Investment Advisor and branch manager of a national brokerage firm. Cor is currently focused on building shareholder value in Sitka Gold Corp.

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.