Will Doom for Central Bankers Mean “Boom Time” for Gold Shares?

John Tumazos is a first time guest on the radio program while John Williams and Michael Oliver return.

As central bankers run out of answers and panic with helicopter money, leading to dollar destruction and hyper inflation, what will that mean for gold and gold mining companies? Williams returns to update us on his hyper inflation thesis. And what better person to ask what that would mean for gold mining stocks than Tumazos? Whether William’s forecast turns out to unfold remains to be seen.

In any event, we covet the views of Tumazos who has been considered one of the best mining analysts ever on Wall Street. We asked Tumazos to share his thoughts about the current state of gold and silver miners in the still depressed market.

Oliver who is about as bullish on gold now as any technical analyst I know, shares his latest outlook for the yellow metal, which he believes may reach upward to $1,450 sooner than most investors think possible.

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John TumazosJohn Charles Tumazos, CFA is the Owner, Founder and Senior Analyst at John Tumazos Very Independent Research, LLC, which was formed in July 2007. The firm does fundamental research on commodities markets and common stocks in the metals, fertilizer and forest products sectors. In their business model they sell their research and provide corporate advisory services to small emerging mining companies. www.veryindependentresearch.com

Mr. Tumazos is a perennially top rated Wall Street analyst in the metals and steel sectors. He ranked first in Institutional Investor All-America team first twelve times since 1988 and 42 times overall since 1982. He is an all-time Hall of Famer in Wall Street Journal survey by 1997, was first in Greenwich Research survey metals category five straight years, and was a top metals price forecaster in RTZ 1995 global survey. He was named the best steel analyst worldwide by Euromoney magazine in 1986.

john williams-newWalter 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 become 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.

Michael OliverJ. 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.