Turning Hard Times Into Good Times

John Williams, Chris Taylor and Michael Oliver return. The Chinese have observed that global chaos sends capital toward the U.S. But China, Russia and others are sensing the dollar status is nearing its end. For the last few generations Americans have gotten away with living beyond our means. But as America’s already non-serviceable debt of $22 trillion begins to explode exponentially higher, China and other governments hostile to America are finding ways to exit the dollar system. Williams has long believed reckless spending has destined Americans to a hyper-inflationary scenario even though recent chaotic events whether from war or financial crises have resulted into cash flowing into Safe Haven Treasuries. We will ask John how soon he sees a dollar decline leading to hyperinflation and what we should do to protect ourselves. Chris Taylor will update us on Great Bear’s exciting Red Lake gold discovery and Michael will pass along his latest thoughts on gold and other key markets.

Doug Noland, Quinton Hennigh & Michael Oliver return. The handwriting is on the wall. “THERE WILL BE ANOTHER MARKET DISASTER STRAIGHT AHEAD!” The fear is that another stock market crash may trigger an even more disastrous financial market meltdown than in 2008. The Fed seems to hint at proactive stimulus taking interest rates to zero no matter the data. Yes, global currency debasement has provided temporary financial market relief after the 1987, 2000 and 2008 stock market crashes. But the addiction to monetary narcotic has wrecked havoc on global balances sheets leading to fears of termination of the existing financial order. What signs should we be looking for and what should we do to prepare for this impending financial disaster? There is no one better to ask than renowned short trader Doug Noland. Quinton will update us on the latest exploration efforts of Novo Resources and Michael will provide his usual valuable insights into the financial markets.

Craig Huey visits for the first time. Michael Oliver will provide his latest thoughts on the most important financial markets and yours truly will talk about some the most exciting gold exploration stocks in his personal portfolio and in his newsletter, J Taylor’s Gold, Energy & Tech Stocks. Craig will talk about his most recent book titled, “The Deep State: 15 Surprising Dangers You Should Know.” What is the definition of a “Deep State?” If it exists in the U.S., who are the players? What evidence is there that a “Deep State” exists in America? How extensive is it? Is it global or just national? What changes might we expect from these non-elected powers that are shaping our laws and tearing down our national borders? How should we as individuals respond to this threat in order to protect those we love? Those and more questions will be asked of Craig Huey.

James Rickards, Peter Tallman and Michael Oliver return. It’s not a matter of “if” but “when” the next financial crisis will hit. History suggests the next crisis will be bigger and more devastating than the last one because the Keynesian economic pathology that has been destroying price recognition of capital and thereby capitalism itself has not been eradicated. In fact, economists have doubled down on Keynesian falsehoods so that the next crisis may trigger an economic reset ending a prosperous America as we have known it. In this current pathological environment how can we protect the wealth we already have and perhaps enhance it by adjusting to the market demands derived from an impending chaos? James will provide answers from his latest book, “Aftermath.” Peter believes Klondike has found the secrets to discovering the Klondike gold Mother Lode. He will update us on this summer’s drill program. As usual Michael will provide his most recent commentary on key markets.

Alasdair Macleod, Shawn Khunkhun and Michael Oliver return. The financial war between America and China is escalating dangerously into a war to secure global financial resources. At a time of growing liquidation of dollar assets by foreigners, the U.S. Treasury’s internal analysis will highlight future government funding problems in light of a developing US recession. That will result in an over dependency on inflationary financing threatening to destabilize the dollar’s purchasing power. For these reasons, America needs foreigners to buy its Treasuries at a time when China also needs to sell them to help finance her infrastructure plans and future development. Alasdair will explain what impact these factors will have on gold and other markets. Shawn will update us on StrikePoint Gold’s hunt for gold in BC’s Golden Triangle, and Michael will provide his usual proprietary insights into markets most important to us.

David McAlvany, John Tumazos & Michael Oliver return. McAlvany wealth management’s view of a weaker dollar is in sync with Michael’s view of both the dollar and gold. Does David think we are close to the dollar’s demise on the world stage or is this simply a cyclical move? McAlvany not only views gold of interest but also energy & timber. Why those sectors and what characteristics is David looking for in companies in those sectors? We will ask David. John will talk to us about an Australian iron ore stock that is making huge profits and paying huge dividends as it supplies China’s insatiable demand as it builds out infrastructure around the world. Gold has had a very significant breakout above the $1,360 resistance level but does this signal a real move to much higher prices, or will the yellow metal stall out? Michael will opine.

John Rubino and Michael Oliver Return. Hubert Parent-Bouchard of Radisson Mining Resources appears for the first time. European Central Bank (ECB) President Mario Draghi has been forcing the dollar higher by his “all it takes” strategy to generate European growth. But that policy has ramped up currency wars by giving the Euro zone an advantage in international trade. President Trump has let it be known the U.S. won’t accept that any longer nor can the Euro zone print Euros to buy American corporations as the Swiss Central bank has. With a global tariff fight and currency devaluation in play, visions of the 1930s are reappearing. The winds of a competitive devaluation triggered an explosive rise in gold which Michael Oliver says it is suggesting we should soon expect a dive in the value of the dollar. We will ask Michael more about that topic and Hubert will talk about Radisson’s new very high grade gold deposit that for the moment the market seems to be ignoring.

Ronald Peter Stöferle, Quinton Hennigh and Michael Oliver return. Peter & his colleague have published the annual “In Gold We Trust” report. It suggests that a world awash in debt is sitting on the edge of a disastrous financial abyss. As such there are growing cries for a return to a gold-backed monetary system. We'll ask Peter for market dynamics that drive that view and what a return to monetary gold might mean for the price of gold. As well, we want to know how the bankers and governments that profit from gold market manipulation through futures market trading are likely to respond. What are the market factors that may force a return to honest money despite objections of the status quo? Those and more topics will be discussed with Peter. Quinton will provide us with an update on what your host still believes could be the most significant gold discovery of my lifetime. Michael will provide his usual insights on gold and other markets of importance to us.

Economist John Williams, Gene Epstein and Michael Oliver return. John has believes the U.S. is destined for a Weimar Republic like hyper inflation. But recent history suggests that with so much debt sloshing around the globe, consumer price deflation not inflation, will prevail. With America once again facing prospects of a financial crisis, we will ask John what underlying forces will be in play to trigger hyper inflation. Might it have something to do with the dollar, which as Michael told us last week, is destined for a dramatic decline? Gene will join us after a long absence to discuss his upcoming debate with Dr. Teresa Ghilarducci at the SoHo Forum in which he will argue that given Social Security's nearly $3 trillion trust fund, the system cannot add to the federal deficit. Michael will pass along his usual prescient observations about the stock, bonds and precious metals markets.

Richard Maybury, Ivan Bebec and Michael Oliver return. Following the 2008-09 financial crisis, Fed Chairman Ben Bernanke began to implement the Modern Monetary Theory (MMT) resulting in zero and negative interest rates. With a modest recovery in place but with debt continuing to grow exponentially against linear GDP growth, the Fed has stopped MMT for now. But in preparation for the next crisis, it is ready to pile trillions more of debt-manufactured dollars onto the global economy. We will ask Richard what impact that kind of insane monetary policy will have on our investments. Ivan will update us on Auryn Resources’ exploration efforts in Peru where the company is exploring a very large gold-copper porphyry target and where some potentially exciting assay results are expected soon. With Michael explaining last week that any major rise in gold will depend on an equity markets’ decline, we will ask him for his latest view on the S&P 500.

Dan Oliver, Dr. Quinton Hennigh and Michael Oliver return as guests. The dollar system was founded at Bretton Woods and rests on three pillars: American military supremacy, American financial hegemony, and American economic prowess. Russia and China are challenging the first, a new Eastern trading block and the euro challenge the second, and America's debt problem weakens the third. We will ask Dan to discuss each of these issues and provide a prediction of what those threats might mean to the dollar hegemony and by extension to gold priced in dollars. Quinton will update us on exploration and development progress being made By Novo Resources on three gold projects across Novo’s massive claims in Western Australia. Michael will tell us why despite gold’s recent lackluster price performance of gold shares as revealed in GDX is pointing toward a major upward move for gold stocks.

Keith Weiner, Peter Tallman and Michael Oliver return. Keith says interest rates are inevitably heading lower. Otherwise interest expense will quickly spiral out of control. He says a deflationary credit implosion will hit the U.S. last. We will ask Keith to review the mechanism for inevitably declining rates and what the world will look like when the last economy standing, the U.S., goes down. What will the world look like in then and how long will this great reset take? Also we will ask him to explain how in such an environment you can safely lease gold through his firm, Monetary Metals, and get a yield superior to anything you currently gain in lending or leasing fiat currency. Peter's Klondike Gold is looking better than ever now that structural controls for high-grade gold are understood. High-grade drill results this summer could drive the stock dramatically higher. Michael will provide his usual brilliant weekly insights into the precious metals, equity and currency markets.

Peter Grosskopf, CEO of Sprott Inc. visits for the first time. Gwen Preston and Michael Oliver return. Sprott Inc., named after founder Eric Sprott, has attracted a team of highly talented investment managers and geo-scientists to allocate US$8 billion into the resource sector in anticipation of the next precious metals bull market. Own shares of Sprott to profit from the impending bull market and earn a 4% dividend while you wait. Owning shares of Sprott is one way to profit from the coming bull market in precious metals. But there are a host of bullion and equity funds along with some exciting cutting-edge products that can promise to provide passive investors with portfolio diversification to protect their wealth during the impending bear market in financial assets. Gwen will talk about a few of her top picks for the upcoming Metals Investor Forum and Michael will update his comments on precious metals, stocks and bonds.

Christopher Blasi and Michael Oliver return. Shawn Kunkhun visits for the first time. Chris’ NeptuneGlobal provides an easy way to buy, sell and/or invest in a diverse basket of precious metals. A product offered by his company is the PMC Ounces that has a fixed amount of gold, silver, platinum and palladium. The metals are totally physical and allocated to your name. Taking physical delivery is a choice. The PMC ounce is quoted in real time and you can buy and sell it as easily as you buy and sell a stock or simply hold it for the long term. We will ask Chris to discuss the supply and demand fundamentals and future price predictions for these precious metals. We will also ask his views on the U.S. and global economies. Shawn will join us for the first time. He is the president of a new and exciting exploration company that is a recommendation in your host’s weekly newsletter. Michael will update us on his latest momentum and structural analysis for gold and other key markets.

David McAlvany, Chen Lin and Michael Oliver are this week’s guests. Poor souls who become addicted to drugs or alcohol most often find the immediate pain of withdrawal far too great to discontinue their pathological behavior. To avoid pain they continue behavior that invites near-term death. Likewise central bankers continue their easy money addiction suppressing interest rates to zero and below, ensuring that death of capitalism and poverty are sure to follow. The recent interest rate pivot by Powell’s Fed in response to a plunging stock market at the end of 2018 shows the Fed has no courage to allow interest rates to rise to restore price discovery of capital. Given the almost certainty of zero and negative interest rates in the future, how can we best respond for wealth protection? We will seek answers to that question from all three of our guests this week. Chen will offer some of his top picks and Michael will update us on his latest view for gold.

Jeff Deist, Eric Coffin and Michael Oliver return. Many billionaires—Ray Dalio, Warren Buffett, and Bill Gates among them— like to call for higher taxes on people such as themselves. But this raises a compelling question: would they have become rich in the first place under the kind of tax system they now advocate? Would they have accumulated a critical mass of investment capital if taxes had consumed more of their profits along the way? Would they have been able to maintain sufficient capital expenditures in their respective businesses to stay dynamic? Or would revenue, capital, and personal wealth lost to the IRS have relegated these super achievers to the status of merely successful? Jeff will provide insights into those questions. Eric will share his latest macro-economic and mining share insights and Michael will tell us if there is reason for gold bugs to despair.

Danielle DiMartino Booth, Ivan Bebek and Michael Oliver return. Monetary counterfeiting is theft. But by way of force, central bankers do the same thing legally to the detriment of workers who produce goods and services in earning spending power. During a period of economic growth not many care about Central Bank counterfeiting injustice. But when the music stops and sudden liquidity and insolvency prevail, retribution follows. Beginning on page 209 of Danielle’s book “Fed Up” she explains how central bank Q.E. sets up liquidity traps that are impossible to exit, again demonstrated by the recent Powell pivot. With an inevitable liquidity crisis staring them in the face, are central bankers counting on another gold revaluation to bail them out as in 1932? We’ll ask Danielle if that is why central bankers are building gold reserves. Ivan will update us on some very exciting developments for Auryn Resources in Peru and Michael will provide his usual guidance on key markets.

Alasdair Macleod, Peter Tallman and Michael Oliver return. The global economic outlook is deteriorating. Government borrowing in the deficit countries will therefore escalate. US Treasury TIC data confirms foreigners have already begun to liquidate dollar assets, adding to the US government’s future funding difficulties. The next wave of monetary inflation, required to fund budget deficits and keep banks solvent, will not prevent financial assets suffering a severe bear market, because the scale of monetary dilution will be so large that the purchasing power of the dollar and other currencies will be undermined. Failing fiat currencies suggest the dollar-based financial order is coming to an end. But with few exceptions, investors own nothing but fiat-currency dependent investments. The only portfolio protection from these potential dangers is to embrace sound money - gold. Peter will update us on Klondike Gold's discovery & Michael will provide his latest momentum work on gold.

John Rubino, John Anderson and Michael Oliver return. J. Powell’s pivot from QT gave Wall Street crybabies the candy they screamed for as equities peered over the abyss in late 2018 into the next stock market crash. China added massive stimulus as well. So at least for the moment, disaster has been averted. But pathology of the global financial system has taken perhaps its final step toward total financial annihilation because it's obvious now that central banks will never be able to allow debt markets to return to their equilibrium levels. Capitalism without price discovery of capital is finished and with that so are fiat currencies. We will discuss with John Rubino those financial dynamics and how they urgently necessitate the exchange of fiat for gold. John Anderson will update us on Triumph Gold’s emerging world class gold-copper project in the Yukon and Michael Oliver will share his latest momentum insights on gold and other important markets.

Andrew Maguire, Chris Taylor and Michael Oliver return. FOX Business, Bloomberg & CNBC haven’t mentioned a huge change in the accounting of gold for banks by the end of this month but it’s a very big deal! Gold will become a Tier 1 asset valued at 100% for banks. That means that gold will be counted as a much more valuable asset held by banks against which they can make more loans. Finally there may be a reason for banks to desire higher rather than lower gold prices. Might Basel III along with endless QE start the next gold price explosion? That and other market dynamics underlying gold’s next major bull market will be explored with Andrew. Chris will update us on one of the most exciting recent gold exploration stories, that being Great Bear Resources. Its Dixie project looks very much like the rich Red Lake Gold deposit that made Goldcorp. Michael will share his latest comments on gold and other markets of significance to assure us we are traveling on profitable investment paths.