The Gold Bull Market? Are We Nearing the End?

Rick Rule, Dr. Quinton Hennigh and Michael Oliver return as guests on the radio program.

Bernard Baruch was successful because he bought stocks that no one wanted and sold to panic buyers. Rick is known to follow that strategy. He is known buy value when no one recognizes it and then sells later to a stampeding mob of buyers. Rick has an uncanny means of knowing when the party is approaching its end. So, with gold having had quite a run this year, does he see an end in sight for gold and other natural resource markets? Or is the party just getting started?

Before we talk to Rick, we asked Michael for his latest thoughts on those same markets. Always in the hunt for the next monster gold deposit we asked Dr. Hennigh what the chances are of Eskay Mining discovering another Eskay-like deposit in B.C. next to the Eskay Mine, one of the highest grade Canadian deposits ever. Quinton, who only gets involved in world class scale deposits, joined Eskay as a consultant. Might this be another winner for our listeners?

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Rick Rule has devoted over 35 years to natural resource investing.  His involvement in the sector is as broad as it is long; his background includes mineral exploration, oil & gas exploration and production, water, agriculture, and hydro-electric and geothermal energy. Mr. Rule is a sought-after speaker at industry conferences, and a frequent contributor to numerous media outlets including CNBC, Fox Business News, and BNN. He founded Global Resource Investments in 1993 and is now a Director of Sprott, Inc., a Toronto-based investment manager with over $14 billion in assets under management, and CEO and President of Sprott US Holdings, Inc., where he leads a team of skilled earth science and finance professionals who enjoy a worldwide reputation for resource investing. Sprott Inc.

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. 

Dr. Quinton Hennigh is an economic geologist with 25 years of exploration experience, mainly gold related.  Early in his career, he explored for major mining firms including Homestake Mining Company, Newcrest Mining Ltd and Newmont Mining Corporation.  Dr. Hennigh joined the junior mining sector in 2007 and has been involved with a number of Canadian listed gold companies including Gold Canyon Resources where he led exploration at the Springpole alkaline gold project near Red Lake Ontario, a 5 million ounce gold asset that was recently sold.  In 2010, Dr. Hennigh helped start Novo Resources and began assembling its Australian exploration portfolio. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.  Currently is also a Director for Miramont Resources, Irving Resources and Technical Advisor for Lion One Metals, Eskay Mining & Others.

About Jay Taylor