The Threat of Surging Oil Prices

John Rubino, Michael Allen and Michael Oliver return as guests on the radio program for this week.

John discusses factors behind a surging oil price and what that means for consumer inflation and central bank policies in light of an increasingly fragile debt-ridden global economy. What impact do rising oil prices have on gold mining stocks?

On the gold exploration front, Michael Allen’s Northern Empire has been reporting some exceptional gold assays some of which hint at the potential for a new Carlin-style gold discovery in Nevada next to an emerging high-grade open pit operation being developed by Corvus Gold. While the markets for gold shares are asleep, your host believes now is an opportune time to think about Northern Empire as well as other companies reported in J Taylor’s Gold Energy & Tech Stocks.

Oliver’s Momentum work had him predicting higher oil prices and an emerging bull market in commodities ahead of most other analysts. Oil has been a leader in a new bull market in “stuff.” But where do we go from here?

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John Rubino runs the popular financial website 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 and a frequent contributor to Individual Investor, Online Investor, and Consumers Digest, among many other publications. He currently writes for CFA Magazine.

Michael G. Allen, Pres., CEO & Director of Northern Empire Resources, is a professional geologist with 20 years of experience in the mining industry. He has extensive experience in project evaluation, recently reviewing in excess of 400 gold projects worldwide. This effort lead Mike to identify and negotiate the purchase of the Sterling Gold Project.

Mike has a strong technical background having explored for gold in Nevada, the Canadian Arctic, British Columbia and Ontario. He has worked in both open pit and underground mines, as well as managing the construction of new mines and exploration crews.

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