Tuesday, November 13, 2018

Where Are The Experts Investing In 2018?

Where are the experts investing in 2018? Watch as Rick Rule (Sprott US Holdings Inc.), Frank Curzio (Curzio Research), Brent Johnson (Santiago Capital), Nick Hodge (Outsider Club) and Brent Cook (Exploration Insights) discuss what markets they are watching and where they see the most potential for growth.

- Source, Cambridge House

Friday, November 9, 2018

Gold is a Safe Haven Asset and This is Why You Need to Own it, Now

Most markets in the world—most stock markets—are in bear markets, save the North American markets, almost. Look at China. It was down 32% this year. 

There’s a lot of liquidity issues in a lot of markets, and when you’re the last man standing, they’re going to be selling American stocks first, because they’re the one that are theoretically liquid.

- Source, Silver Seek

Monday, November 5, 2018

Eric Sprott: Good News is Not Necessarily Good News

The Boys—the commercial banks—when gold first moved back up into the 1230s, they sold every contract that the hedge funds who were short wanted to buy… 

There was just a huge reversal of roles there. A little bit again last week. And then all of a sudden, now we’re back up through the 100-day moving average. 

And undoubtedly, the hedge funds have to buy again. It’s like: man, they got double-crossed here, you know? They’re just getting b-slapped around by the commercial banks. It’s sort of interesting to watch.

- Source, Silver Seek

Saturday, October 27, 2018

Eric Sprott: Light At The End Of The Tunnel

“The whole premise for gold going down, which is this phony premise about the strong dollar and that interest rates are going up, it’s just a narrative that covers for what’s going on in the paper market. It’s just a narrative, OK? 

The reality is that… we talked last week about India buying 100 tonnes of gold in August. I mean, that was an incredible purchase! 

And various central banks have been buyers of gold… It’s like, man, there’s not going to be enough gold around. So, I think we’re looking good.”

- Source, Eric Sprott

Monday, October 22, 2018

Who’s Kidding Who? Eric Sprott On The Weak US Dollar

“I have a view of markets, OK? It’s almost like, whatever the narrative is at the time, you know it’s likely to reverse. For example, I look at the Emerging Markets that got hammered, hammered, hammered. 

Next thing you know: Whoomp! Away they go, they turn around to the upside. It’s like this Invisible Hand comes into the market. 

So, you look at the gold market, and as you and I both know, we’re at the 50-day, and we’re thinking, ‘Oh my God, it’s going to break out of a down trend that it’s had for the last three or four months. 

It goes right to the line and bang! Right back down again. And viciously down.”

- Source, Sprott Money

Thursday, October 18, 2018

An Explosive Situation: Eric Sprott On The State Of US Politics

“Thank God there is truly a market. You know, ‘supply and demand’, and price and all that stuff. It does work for the consumer. Even though it may not work in stocks and bonds and things like that where the Fed can interject and have the Invisible Hand working. 

But when it comes to people and to budgets and their income… I just think the consumer has lots of things to be concerned about, with energy going up, interest rates going up. 

Of course, health care costs are always uncontrolled… I don’t have a lot of hope for the consumer, notwithstanding the stock market going up all the time and a certain segment of the population making hay here. But the average guy is not doing that well.”

- Source, Sprott Money

Sunday, October 14, 2018

Eric Sprott: Life Learned Lessons in Resources

Eric states that there is always the cost of production with commodity investments. If a company increases output by twenty percent, there is always that overhead cost. 

However, if the price of a commodity rises by twenty percent that could represent a doubling of profits. Therefore commodity price has a much more significant impact on profitability than merely increasing production. 

As an investor, you want to know what a company will earn so you can determine what your returns are likely to be. If you are too conservative, you may not even make the trade.

- Source, Palisade Radio

Wednesday, October 10, 2018

Prepare Now: This Is When Gold Will Begin its Climb

Eric agrees that the average gold investor likely feels rather depressed. However, behind the scenes, there is a lot of activity. Kirkland was up 150% last year, and Novo has good performance. He feels we are still in the beginnings of a bull market for several reasons. 

Real economic recovery is lacking as low-interest rates and money printing continues. The second half of 2018 should be better than the first.

- Source, Palisade Radio

Tuesday, September 25, 2018

Eric Sprott On The Metrics That Matter

“There’s no doubt between the sentiment being as poor as it is, the technicals being as oversold as they are, the short position being as high as it is… those are three of the primary ingredients in suggesting that you should be bottoming here. 

And needless to say, we’ve had a decent rally already. I don’t know exactly what the low was in gold, but it seems to me it was at least down to the 1170s somewhere. 

Today we’re at 1210. So we have a decent rally going on here. So, no, I think that the CoT setup is good. 

There’s still a lot of volatility in the gold price… when I see it going down quickly, like in two and three and four minutes at a time, I always think of the hedge funds trying to manipulate the price of gold.”

- Source, Sprott Money

Saturday, September 22, 2018

Everything Says We Should Be Bottoming

“I would think that the people in most countries today would be thinking about owning gold, with their currencies getting decimated on a regular basis. 

I mean, you look at the damage of currencies yesterday, and there were probably ten currencies that fell over 1% in the day. You know, currencies are supposed to be stable. They’re not supposed to be like stocks or something. 

But they’re truly very, very weak, whether it’s Iran or Venezuela or Turkey… There are so many reasons for people to want to get out of paper currencies and into something hard.”

- Source, Sprott Money

Wednesday, September 19, 2018

Sprott Takes Lead in $4 Million Aben Financing

Aben Resources Ltd. [ABN-TSXV; ABNAF-OTCQB; E2L2-FSE] said Wednesday August 15 that it is moving to raise $4 million via a private placement led by Bay Street gold bug Eric Sprott.

The company said the funds are being raised through a non-brokered private placement of up to 13.3 million units priced at 30 cents each. Each unit will consist of one common share and a warrant good to buy an additional share at 45 cents for two years from the dates that the units are issued.

The lead order is from Eric Sprott, who will subscribe for 6,666,667 million units, the company said. Additionally, Palisade Global Investments will subscribe for 2.75 million units and Venture Ad Network will subscribe for an additional 600,000 units.

Aben was active on the news, easing 3.85% or $0.015 to 37.5 cents in early afternoon trading on Wednesday. The 52-week range is 11 cents and 49.5 cents.

It will use proceeds of the private placement to expand its 2018 exploration and drilling program on the Forrest Kerr Gold Project in northwest British Columbia’s Golden Triangle region.

In a press release on August 9, 2018, the company said drilling has intersected multiple high-grade zones at Forrest Kerr.

Hole FK18-10, the first of eight holes to be drilled this year, has intersected four separate high-grade zones, with the best zone returning 38.7 g/t gold over 10 metres, including 62.4 g/t gold over 6.0 metres, starting at 114 metres down-hole.

The company is drilling in an area where it has discovered strong precious and base metal mineralization at the North Boundary Zone.

Aben CEO Jim Pettit recently said the high-grade gold and base metal values in the first hole of the 2018 drill hole program far exceeded the company’s expectations. He also said these results confirm the presence of a strong and robust mineralizing system at the recently discovered North Boundary Zone.

Forrest Kerr covers 23,000 hectares and is Aben’s flagship property. It is located in the Golden Triangle, a region that hosts many significant mineral deposits, including Brucejack, Eskay Creek, Snip, Galore Creek, Copper Canyon, Schaft Creek, Red Chris and others.

Aben Chairman Ron Netolitzky was involved in the discovery of the Eskay and Snip mines in the Golden Triangle and was named Canadian Prospector of the Year in 1990.

Aben can earn a 100% interest over the entire claim group by spending $3 million on exploration by June, 2020.

“We are now looking at an area that extends 230 metres south to the historic high-grade Noranda drill hole from 1991 and although the geology is complex, we believe more drilling will delineate additional high grade mineralization,” Pettit said.

- Source, Resource World

Saturday, September 15, 2018

Huntsville hospital celebrates $1M donation from Sprott Foundation

The Huntsville Hospital Foundation has announced the transformative gift of $1 million from the Sprott Foundation. This represents one of the largest gifts ever received by the hospital and will be invested in urgent care and advanced medicine to ensure continued outstanding health care in Huntsville and surrounding areas.

Community leaders and seasonal residents Eric and Vizma Sprott have long been known for their generous support of health care in Ottawa and Toronto. This gift will have an equally substantial impact on health care in Muskoka.

“Eric and I love being on the lake and being part of this wonderful community. It is our great pleasure to be able to make this donation to the Hospital,” said Vizma Sprott.

Like so many seasonal residents, the Sprotts, their children and grandchildren, have had to visit the hospital.

“We have had occasion to use the hospital and we’re grateful it is there, especially as we spend more time in this community. We wanted to know what we could do to help,” said Eric Sprott.

“The staff and physicians at the hospital were honoured and humbled that the Sprotts chose to make an investment into urgent equipment needs at Huntsville Hospital,” said Katherine Craine, executive director of the foundation. “This gift is a wonderful addition to the momentum we are experiencing, and the support we are seeing from both local and seasonal residents as well as local businesses that are getting behind the hospital and its capital needs. Our fundraising continues to grow and we are grateful for the support."

The Sprotts hope their gift will inspire others to give generously to the hospital. The hospital needs up to $3 million per year to buy new equipment and upgrade technology not funded by the government. The 2017-2018 annual report for the foundation will be available in the coming weeks.

- Source, Muskoka Region