Are you selling some stocks in order to enter ‘cheaper’ or more leveraged stocks?

Well, right now for instance, we are buying producers. If the price goes to 2,000 dollars, they will see a lot of cash flow. And those will probably be the first stocks to go up. The exploration stocks will go up as a function of those guys now having more money to spend.

I am looking for producers today rather than exploration, even if certain explorers may have some good deposits. We still have not opened up our capital to those kinds of capital raises yet. When we choose to finance them, it will come as a function of investors getting more convinced that we are in a sustained rally.

- Source, Eric Sprott via the Sprott Group:

http://sprottgroup.com/thoughts/articles/19-tough-questions-for-eric-sprott-on-gold-and-silver/