Why Rising Inflation is not Transitory

John Williams, Dr. Quinton Hennigh and Michael Oliver return as guests on this week’s program.

Peter Boockvar told us last week that the Fed actually believes that rising inflation rates are transitory but think that by generating more inflation now that would be positive for the economy. But does it really matter what the Fed thinks and wants? John Williams believes the Fed will get higher inflation and will get it in spades. Even the Fed admits that surging money creation no longer boosts the economy but according to John it is likely to lead to hyperinflation. He remains hugely bullish on gold and silver.

Michael Oliver believes the next move higher for gold will be when the equity markets head south so we will want to know what his latest forecast is on stocks. Quinton provides updates on Irving resources. That stock has been very quiet even as some important corporate events have taken place as the markets await drill results. With few excited about Irving at this time, might it be time to acquire some shares?  

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Walter J. “John” Williams (known as John Williams) was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies. For more than 25 years, John has been a private consulting economist. Out of necessity, he became a specialist in government economic reporting. He learned that virtually all economic stats quoted by the U.S. Government are spun using optimistic assumptions that often bear little reality but make politicians look good and put money in the pockets of Wall Street. John writes the Shadow Government Statistics newsletter and his work has been recognized by the main stream media where he has been quoted in publications like the New York Times and Investors Business Daily. 

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 Cuya Silver Corp., Irving Resources, and Technical Advisor for Lion One Metals, Eskay Mining & others.

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. 

About Jay Taylor

Jay Taylor is editor of J Taylor's Gold, Energy & Tech Stocks newsletter. His interest in the role gold has played in U.S. monetary history led him to research gold and into analyzing and investing in junior gold shares. Currently he also hosts his own one-hour weekly radio show Turning Hard Times Into Good Times,” which features high profile guests who discuss leading economic issues of our day. The show also discusses investment opportunities primarily in the precious metals mining sector. He has been a guest on CNBC, Fox, Bloomberg and BNN and many mining conferences.