Turning Hard Times Into Good Times

John Rubino and Quinton Hennigh return. Fearing another “taper tantrum” Janet Yellen gave Wall Street's screaming infants their candy. Abruptly the DOW shot up over 300 points. That hundreds of billions of dollars should be created or destroyed with a single word like “patience” is beyond ridiculous. But then Keynes told us that economics isn’t about reality. It’s about animal spirits. So relax, smoke some grass, and enjoy the ride Ms. Yellen is providing. Not only did stocks soar on the Fed spin of last week but so did gold and oil though curiously copper did not participate. John will pass on his insights into the fundamentals of these markets. Last but not least, Quinton will join me to update us on Novo Resources which has discovered a Witwatersrand type gold deposit in Australia.