The Worm Begins to Turn for Unloved Sectors

David McAlvany, Michael Oliver & Nick Appleyard return as guests on this week’s radio program.

Michael has turned decidedly bullish on commodities and bearish on the dollar, even as out of control rising interest rates appear visible in the side view mirror. In sync, David recently opined that “the worm is beginning to turn for unloved sectors,” notably copper and energy. What fundamentals does he see to convince him that the sun will shine on sleepy commodities? How might strife in the Middle East and trade issues with China impact global markets? And what impact may they have on commodities, monetary metals and interest rate markets? What impact might Fed money pumping into the system via the Repo markets play globally as foreign nations are pulling out of the U.S. Treasury markets & U.S. deficits run further out of control?

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David McAlvany is the President of the McAlvany Financial Companies, McAlvany Wealth Management and ICA, a precious metals brokerage firm. He has been a featured speaker on radio and around the country analyzing world events and their impact on the global economy and financial markets. David can be heard weekly on his market commentary at David is a graduate of Biola University and an associate member of Keble College, Oxford University, where he studied philosophy and political theory. He then went on to achieve honors as a top salesman with the Southwestern Company and gained extensive business expertise with Morgan Stanley, in California. His international research has given him a global perspective of developments around the world, which helps him avoid focusing too narrowly in his analysis of investment and risk in any give asset category. His interests are varied and he spends his free time with his wife and their children in Colorado.

Nick Appleyard was appointed President and CEO of Tristar Gold Inc. in December 2015. He has executive experience in mining having previously been the CEO of Chaparral Gold and Vice President Corporate Development for International Minerals. Nick has over 25 years international experience in precious metals exploration and mining. He has managed exploration, development and production JVs in North and South America, including extensive project development experience in South America with more than ten years in-country, and prior to that in Australia.

Nick is fluent in Spanish, holds a Bachelor of Science (Geology) from Curtin University, Australia, and is a member of the Australasian Institute of Mining and Metallurgy.

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