When will the next credit crisis occur?

Alasdair MacleodMichael Oliver and Dr. Quinton Hennigh are returning guests this week on the radio program.

For investors there may be few questions more important than the one Alasdair has attempted to answer in his Goldmoney.com essay. When the next credit crisis hits, most asset prices are likely to decline dramatically in value. Which ones are most vulnerable and which assets can be expected to benefit?  Hint. Gold fell from a monthly average price of $964.42 in March 2008 to $758.04 in Nov. 2008. But from there it rose to a monthly average of $1,771.38 in Sept. 2011. Gold shares of companies that made successful discoveries during that bull market rose dramatically higher which is why we get answers from Quinton regarding the latest developments for Novo Resources.

Alasdair was quizzed on when he thinks the next credit crisis will occur and the logic behind his view. And as usual, Michael helps us get a reading on the pulse of the most important markets we follow. 

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Alasdair Macleod has a background as a stockbroker, banker and economist. He is a Senior Fellow at the GoldMoney Foundation and Head of Research at Goldmoney.  His weekly articles written for GoldMoney are posted on his blog at http://goldmoney.com/?gmrefcode=jtgts          

 

 

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.

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