The Largest Gold Discovery in Over 133 Years?

Dr. Quinton HennighAlasdair Macleod and Michael Oliver are returning as guests on this week’s radio program.

In 1884 the Witwatersrand gold fields of South Africa was discovered. With some 1.6 billion ounces mined to date, it is the most prolific gold field in history, representing approximately 35% of all gold mined in history. Dr. Quinton Hennigh has been in search of another such deposit and after 13 years of his boots on the ground search, he believes the odds suggest he has found it! If he is right, fortunes will likely be made. Quinton provides an update on the latest evidence for what could be the greatest gold discovery in decades.

Alasdair discusses a promiscuous dollar policy by the Fed and how that is setting the table for market chaos and a dramatic rise in real money—gold. As usual, Michael helps us to know whether we should continue with our current long position in gold and commodities and short position in the dollar and the T-Bond.

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Alasdair Macleod runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. Alasdair has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation.  His weekly articles written for GoldMoney are posted on his blog at http://goldmoney.com/?gmrefcode=jtgts

J. 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, President – CEO & Director of Novo Resources Corp., is an economic geologist with more than 20 years of exploration experience with major gold mining firms including Homestake Mining, Newcrest Mining and Newmont Mining. Dr. Hennigh was the former director and Chief Geologist of Evolving Gold Corp. where he helped assemble a world class portfolio of gold projects and led successful explorations resulting in three significant discoveries including the Rattlesnake Hills deposit, Wyoming. Currently, Dr. Hennigh is a director and Technical Advisor to Gold Canyon Resources., where he helped refocus exploration at the company’s Springpole Gold Project in Red Lake, Ontario. Dr. Hennigh is also currently the Chief Geologist of EurOmax Resources, the Technical Advisor and a director to Prosperity Goldfields Corp. and a director to NV Gold Corp. Dr. Hennigh obtained a Ph.D. in Geology/Geochemistry from the Colorado School of Mines.

About Jay Taylor