Friday, April 26, 2013

A New Phase in the Gold Bull Market

“The recovery has been quite impressive so far. I suspect when we all look back at this a year from now when the price of gold is at record highs, we will look at this smash and say, ‘That was the bottom.’ It’s typically what happens at a bottom. Everyone panics.

The volumes were incredible, all paper by the way. But the sheer cleansing of the system, when everyone should have realized that all of the facts, all of the future prognostications of what the central planners are likely to do, and the goings on in the financial system, were screaming at you to buy gold. And at the same time everyone is panicking out of it.

I think people will rue the day they might have considered that the gold bull market was over because I think we are going to go in to a whole new phase of a bull market here.”

- Eric Sprott via a recent King World News interview, read the full interview here: