Are We There Yet? Tuesday, August 2, 2022

Michael Oliver and Patrick Highsmith return. Brian Leni joins us for the first time. The last time the U.S. had a serious inflationary problem was during the 1970s when gold rose from $35 to $800 per ounce. For the past 40 years there hasn’t been a significant consumer inflation problem though there has been an enormous amount of inflation in asset prices, caused not entirely by progress but by the debasing of the currency. Now, finally with insane amounts of money created out of thin air, we are once again experiencing consumer prices approaching double digits. Most commodities have risen dramatically but despite a huge amount of monetary debasement the two primary monetary metals, gold and silver, have not risen in value. Brian will be asked for his views on why the precious metals have been lagging commodities and whether he thinks we have seen the bottom for the junior exploration sector. What are his views for the next six months and how is he playing the junior gold and silver mining markets as we await the next boom in precious metals? No doubt Michael Oliver will have some views as well on those same topics and we will ask him what he needs to see to advise his subscribers to aggressively buy these very low-priced gold and silver shares. Speaking of low-priced junior mining shares with great upside potential, one of them is Timberline Resources which seems to be on the cusp of a meaningful Carlin-style gold discovery in Nevada judging by a number of high-grade drill intercepts similar to 41.1 meters grading 5.03 grams per ton. With a market cap of approximately US$7 million, you may want to pay attention to what Chairman Patrick Highsmith has to say about this year’s exploration program.