There Has to be a Collapse Way Bigger Than 2008

Money manager Eric Sprott has not lost his faith in owning physical gold and silver. Sprott contends, “I don’t lose any sleep over the price of gold going down in the sense that I believe what I believe. 

I believe it’s been manipulated. It’s very much about currency and economics of the Keynesian scheme that we’re going to spend money, print money and it’s all going to work. It’s not working. I don’t want to wait and find out the day it falls apart because when it falls apart someday, then it will be too late. 

I want to be positioned beforehand. I can remember shorting stocks before March of 2000. It was a bit of a rough ride for three months, but my gosh, when it rolled over . . . you have to be a little bit early on things. I believe the last four years have been orderly and created to be difficult. 

I think gold would have gone up, but they could not stand for it to go up because they were printing money. If you are printing money and gold goes up, everybody figures it out. . . . I’ve been around for a while, and I have the patience to hang in there. 

I have been a buyer of gold stocks, and so I am hopeful this will end up being a very, very rewarding trade.”

- Source, USA Watchdog

Eric Sprott : Silver is the Dark Horse

Expect Physical Gold Backing of Currencies Within Next Decade

The Most Important Thing Eric Sprott Ever Said

Woe is gold: monetary metal drops below US$1,200 for first time in a year

Donald Trump’s pledge to fire up the American dollar printing machine again is having the same effect on gold as did the previous three programs of quantitative easing since 2008. That added US$4.5 trillion to the global currency inventory and kneecapped what had been a nearly ten-year run in the gold price, which peaked in September 2011 at US$1,923.70.

Despite this glum statistic, financing activity in the gold sector throughout 2016 has charged forward unabated after a four-year lull ended with a sudden jump in the gold price that made the TSX Venture the best performing index in the world in the first six months of the year. Even with the onset of intense weakness since the election of Donald Trump, financing activity and interest hasn’t much subsided — at least, not with industry insiders.

Recent financing bulletins show mining industry luminaries like Eric Sprott, Ross Beaty, George Soros, and others piling into companies ranging from Barrick to newer issuers in the exploration space. So what’s the deal? Wasn’t it a weakening gold price in 2011 that sent these very same tycoons heading for the hills?

Well… not really. Since 2011, at least, Sprott and the company he keeps have been actively accumulating positions in mines and the companies who own them, as the weak prices in gold cause valuations in mines to tumble as well, making it a buyer’s market. By way of example, Sprott acquired an 11.6 per cent interest in Redstar Gold Corp earlier this month. Redstar is currently trading at around $0.13 per share...

- Source, Financial Post, read more here:

http://business.financialpost.com/midas-letter/woe-is-gold-monetary-metal-drops-below-us1200-for-first-time-in-a-year

Eric Sprott Warns If India Bans Gold, Silver Will Go CHAOTIC

Eric Sprott Breaks Down Today’s Jobs Report & MAJOR MOVES In Bonds, Interest Rates, Gold, & Silver.
Sprott Warns If Modi Bans Gold, India Will MASSIVELY Turn to Silver, Sending the Global Silver Market Into CHAOS…

- Source

Eric Sprott: If They Take This Down Low Enough…

“It’s Just Been A HORRENDOUS Month.”
Will Gold and Silver Prices Begin A Massive Rally in 2 Weeks When the Fed Finally Hikes Rates, Just Like in December of 2015?
Eric Sprott On the PAIN in the PM Markets, & If A Bottom Is Near.

- Source

Sprott Asset Management USA - Interview with Jeff Howard

Sprott’s Rick Rule: Investors Now Need to Look Beyond Gold

Sprott U.S. Holdings Inc. President and CEO Rick Rule, in this interview with SmallCapPower at the recent Mines and Money Americas conference, cautions investors about chasing the hot gold sector and instead look at some surprising commodity “pariahs.” Regardless, he believes life has gotten easier for ‘gold bugs’ of late and that quality projects will be taken over at “eye-popping” prices.

- Source

Eric Sprott Explains Why A Trump Win Will Be Very Pro Gold

“Trump Would Be Very Good For Gold” Eric Sprott Breaks Down the Presidential Election’s Impact on the Gold and Silver Markets When the Elite Are STUNNED Next Tuesday…

- Source, Silver Doctors

Legendary Investor Eric Sprott, Shares the Greatest Financial Lesson He’s Ever Learned

Eric Sprott Announces Sale of Shares of Newmarket Gold

Eric Sprott announces that between July 4, 2016 and September 2, 2016, he sold, through market transactions on the Toronto Stock Exchange, 3,674,600 common shares of Newmarket Gold Inc., representing approximately 2.1% of the outstanding shares. Mr. Sprott sold the shares at an average price of $4.16 per share for total proceeds of $15.2 million.

Prior to this sale, Mr. Sprott beneficially owned and controlled 30,334,896 shares representing approximately 17.1% of the currently outstanding shares. Mr. Sprott now beneficially owns and controls 26,687,296 shares, representing approximately 15.0% of the outstanding shares.

The shares were sold for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source, Market Wired

Eric Sprott Acquires 10% Interest in RNC Minerals

RNC Minerals ("RNC") (TSX: RNX) is pleased to announce that, further to its news release dated September 9, 2016, Eric Sprott beneficially now owns, through his holding company 2176423 Ontario Ltd., approximately 10% of the issued and outstanding shares of RNC on a non-diluted basis and approximately 13% on a partially diluted basis. On September 23, 2016, 2176423 Ontario Ltd. acquired 27,530,000 common shares and 9,265,000 ("Warrants", as defined below) of RNC. The common shares were acquired through participation in the bought deal private placement which closed on September 23, 2016 and through a separate transaction on September 23, 2016 facilitated by Haywood Securities Inc., as lead underwriter on behalf of a syndicate of underwriters. Mr. Sprott did not beneficially own any securities of RNC prior to September 23, 2016.

2176423 Ontario Ltd. acquired 18,530,000 units of RNC ("Unit") on September 23, 2016 through the bought deal private placement offering. Each Unit consists of one RNC common share and one-half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). In addition, 2176423 Ontario Ltd. acquired 9,000,000 RNC common shares as part of a separate transaction facilitated by the underwriters on September 23, 2016. In total, 2176423 Ontario Ltd. now holds 27,530,000 common shares and 9,265,000 Warrants, or 10% of the issued and outstanding common shares of RNC on a non-diluted basis and approximately 13% on a partially diluted basis.

Mark Selby, President and CEO of RNC commented, "RNC is pleased to welcome Eric Sprott, one of the world's premiere gold investors, as our largest shareholder. We are excited to have his support as RNC works to unlock the potential at Beta Hunt and focus on value creation across our portfolio of assets."

Eric Sprott commented, "I look forward to being a supportive shareholder and participating in RNC's growth as it continues to ramp up gold production at its Beta Hunt mine in Western Australia. I am also looking forward to seeing the mine unlock its excellent exploration potential to grow the existing gold resource base."

The common shares and Units were acquired by 2176423 Ontario Ltd. for investment purposes. 2176423 Ontario Ltd. has a long-term view of the investment and may acquire additional common shares or Units either on the open market or through private acquisitions or sell the common shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source, Junior Mining Network

Eric Sprott Announces Investment in Goldstrike Resources Ltd.

Eric Sprott announces that on September 21, 2016, he acquired ownership of 99,000 common shares of Goldstrike Resources Ltd. ("Goldstrike") at a price of $0.27 per share for total consideration of $26,730.

The 99,000 Shares represent less than 0.1% of the issued and outstanding shares of Goldstrike on a non-diluted basis. As of the date hereof, after giving effect to this acquisition, Sprott owns and controls 11,688,500 shares and 5,000,000 common share purchase warrants ("Warrants") of Goldstrike, representing approximately 7.3% of the issued and outstanding shares on a non-diluted basis, and approximately 10.1% on a partially diluted basis. Prior to the date hereof, Sprott beneficially owned 11,589,500 shares and 5,000,000 Warrants representing approximately 7.2% of the issued and outstanding shares on a non-diluted basis, and approximately 9.9% on a partially diluted basis.

The shares were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source, Market Wired

Sprott Monthly Market Update with Rick Rule Cobalt Bubble Coming

Sprott Money News Ask The Expert David Jensen

David Jensen is a mining executive and mining industry consultant. He joins us this month to field questions from Sprott Money customers.

- Source, Sprott Money

Eric Sprott: Don't Miss the Coming 500% Gains in Gold!

Eric Sprott discusses the renewal of the gold bull market and the future gains that he sees coming. This bull market is far from over, we live in exciting times and things are going to get a whole lot more interesting.

- Video Source

Sprott Money News - Ask The Expert With Rob Kirby

Rob Kirby of KirbyAnalytics.com answers questions from SprottMoney customers. He breaks down the current state of the global markets, the true value of gold and silver and where he see's things going from this point on. Listen to the full interview above, to learn more now.

- Video Source

Sprott Money News - Ask The Expert - Dr. Paul Craig Roberts

I think that people need to be wary that the dollar could take a hit in foreign exchange markets if Russia and China and India and the BRICs--Brazil, South Africa, if they succeed in organizing their international payments in their own currencies and simply abandon the use of the dollar because that would result in a drop in the demand for dollars in the foreign exchange markets.

And unless Washington could use currency swaps with the Japanese and the Europeans to support the dollar by purchasing it, and they might be able to do that for a short period, you'll see a decline in the dollar.

In the meantime, the growth of use of other currencies could be disrupted by Washington and Wall Street and London by shorting those currencies in foreign exchange markets, or destabilizing the currencies by sending in capital inflows, driving them up, yanking the capital inflows out, driving them down.

Like it happened to Asia in the late '90s. So the outcome of this will take a while longer. But I think that the dollar is world money... that that role is over. It effectively ended by two things. One, the massive policy of quantitative easing in which so many trillions of new dollars were created in order to support bond prices.

And then on top of that, the application of sanctions. First to Iran, an oil producer and then to Russia. Because the sanctions applied to Russia resulted in essentially Russia moving much of its energy outside the dollar system. And so, other energy producers are likely to follow that.

So the dollar's time is about up. But it could continue for several more years.

- Source, Sprott Money

Sprott Money News Ask The Expert - Willem Middelkoop

Sprott Money News interviews Willem Middelkoo, who is a commodity fund manager based in Amsterdam. He's also the author of the best-selling book, "The Big Reset".

- Source

The Powers That Be Don't Want To Admit There's A Problem

Eric Sprott sits down to explain to us why the economy is teetering on the edge of total collapse. The powers to be know this and are milking us for every last cent before it comes crashing down on our heads.

- Video Source

Eric Sprott, Gold & Silver Update

With Precious Metals Hammered Friday, Eric Sprott discusses today’s jobs report and its impact on gold and silver prices.

I wouldn’t worry about the jobs numbers at all. We’ll let the boyz knock it down a little for awhile. We’ll see what happens when the people in China, India, and Turkey all figure out they should own gold to survive this thing…

- Source

Eric Sprott Increases Newmarket Gold Shareholdings to 17.9% by Purchasing 16.2 Million Newmarket Common Shares at $2.80 Per Share

Newmarket Gold Inc. ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) and Eric Sprott are pleased to report that Mr. Sprott will purchase 16,200,000 common shares of Newmarket (the "Acquired Shares") from Luxor Capital Partners LP and affiliates ("Luxor") at a price of $2.80 per Acquired Share for total consideration of $45.4 million. Together with Mr. Sprott's prior shareholdings in Newmarket, Mr. Sprott will own 31,351,196 common shares of Newmarket representing an approximate 17.9% ownership in the Company. Luxor also granted Mr. Sprott a right of first refusal to purchase up to an additional 22,000,000 common shares of Newmarket. This right expires December 31, 2016.

Mr. Sprott has been granted all voting rights attached to the Acquired Shares effective until the closing of the purchase of the Acquired Shares. Therefore, Mr. Sprott currently exercises control or direction over 31,351,196 common shares of Newmarket, representing approximately 17.9% of the issued and outstanding shares.

Douglas Forster, President and Chief Executive Officer of Newmarket stated: "Newmarket is very pleased to have Mr. Sprott as a larger shareholder of the Company. We appreciate his continued support as we focus on creating shareholder value from our three producing gold mines in Australia including our flagship Fosterville mine that delivered record quarterly gold production of 33,138 ounces on record grade of 7.34 g/t Au in Q1, 2016."

Eric Sprott stated: "Newmarket has a strong balance sheet with approximately US$52 million in the treasury and essentially no debt. Their three gold mines achieved record consolidated production in 2015 and the trend to increasing gold grades and recoveries continues into 2016. I look forward to being a supportive shareholder and participating in the growth of the Company."

Mr. Sprott will purchase the Acquired Shares for investment purposes. Mr. Sprott has a long-term view of the investment, and he does not intend at this time to acquire additional Newmarket common shares, but may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Luxor continues to hold 33,890,697 common shares of Newmarket representing an approximate 19.3% ownership in the Company with Luxor's remaining shareholdings being locked-up and restricted from trading until July 10, 2016. Newmarket has approximately 175.6 million common shares issued and outstanding.

- Source

Eric Sprott bets millions on a gold producer and 10 out of 10 analysts agree it's a buy

Gold bug Eric Sprott’s increased stake in Newmarket Gold Inc. has renewed interest in the junior producer, which operates three mines in Australia. Investors are now looking for the Vancouver-based miner to fulfill its promise to boost production while controlling expenses and not overpaying for acquisitions, as the price of gold sits stubbornly at about $1,200 (U.S.) an ounce.

Shares of Newmarket, which merged with Crocodile Gold Corp. in July, have risen by about 13 per cent since the company said on Monday that Mr. Sprott bought 10 million shares to boost his ownership stake to 8.7 per cent. He purchased the stock from Luxor Capital Partners LP, which is still Newmarket’s largest shareholder, now with a 28.7-per-cent stake.

All 10 analysts who cover Newmarket have a “buy” recommendation. The analyst consensus price target over the next year is $3.03 (Canadian), which is about 23 per cent above its current price of $2.46. The stock is up about 82 per cent so far this year.

“As far as junior producers go right now, this is our favourite in the gold space,” said Raymond James analyst Chris Thompson, who has a $3.30 target on the stock, calling the valuation “cheap” compared with its peers in the junior mining space.

Mr. Thompson said the increased investment from legendary investor Mr. Sprott “provides a vote of confidence” in the company’s management and future valuation.

Newmarket’s board includes well-known executives such as mining financier Lukas Lundin and Randall Oliphant, the executive chairman of New Gold Inc. and chairman of the World Gold Council.

“We consider this ‘new kid on the block’ to be underowned by traditional institutional resource fund managers, and to have above-average potential to qualify for addition to several precious metal indices over the next 12 months,” Beacon Securities analyst Michael Curran said in a note. His target is $3.25.

Last month, Newmarket reported an increase in reserves and resources at its flagship Fosterville mine, which could extend its production life.

BMO Nesbitt Burns analyst Brian Quast increased his target on Newmarket to $3 from $2.75 as a result.

The company has no debt and is benefiting from the weak Australian dollar, when compared with the U.S. currency. Gold is priced in U.S. dollars, which means the company receives more Australian dollars per ounce of gold sold. Operating costs are also paid in Australian dollars, which helps to increase margins.

Risks for the stock include a strengthening Australian dollar, the high cost of production in Australia, as well as the potential of overpaying for acquisitions, which has been an issue for gold producers in recent years after the price of gold plummeted from its record above $1,900 (U.S.) in 2011.

“It’s always a little risky and generally M&A activity is not looked upon favourably unless it’s an absolute slam dunk, and there are few of those around at the moment,” Mr. Thompson said.

Newmarket chief executive officer Douglas Forster said the company is on the hunt for acquisitions in Australia and North America, to help reach its goal of becoming a mid-tier gold miner producing 400,000 to 500,000 ounces a year, up from expected production of 205,000 to 220,000 ounces in 2016.

“We do see opportunity, that’s the good news, but we’re cautious,” said Mr. Forster, noting that management and insiders together own about 8 per cent of the company.

He wouldn’t comment on whether there has been any interest in a takeover of Newmarket, but said a hostile bid would be difficult to pull off, given that nearly half of the shares are owned by management, Mr. Sprott and Luxor.

“We’ll do whatever makes sense and that maximizes shareholder value,” Mr. Forster said. “Hopefully, that means we are growing by acquisition and organically. If it means someone else is [interested in acquiring us and achieving] our goals, then obviously we would have to consider it. It doesn’t mean we would support it.”

Peter Imhof, vice-president and portfolio manager at AGF Investments Inc., said the stock is a bit too small for him to own in the AGF Canadian Growth Equity Class fund. He also cited concerns in the market about Luxor looking to unload more of its shares, although Mr. Sprott’s investment is a positive sign.

“You always have to pay attention when he’s taking a big position in the company,” said Mr. Imhof, who used to work with Mr. Sprott at Sprott Asset Management.

Luxor has also granted Mr. Sprott a right of first refusal to buy another 16.2 million shares by the end of the year.

- Source, Globe and Mail

Eric Sprott Announces Holdings in Golden Cariboo Resources

Eric Sprott announces that he holds indirectly (through his holding company, 2176423 Ontario Ltd. (2176423)) 2,000,000 common shares of Golden Cariboo Resources Ltd., representing approximately 14.4% of the outstanding common shares of Golden Cariboo.

On November 23, 2012, Mr. Sprott purchased indirectly (through 2176423) 2,000,000 units of Golden Cariboo, on a private placement basis, at $0.25 per unit for total consideration of $500,000, which represented approximately 15.3% of the then outstanding shares on a non-diluted basis and approximately 21.3% on a partially diluted basis assuming exercise of the warrants. Each unit was comprised of one common share and one half of one common share purchase warrant, each warrant entitling the holder to purchase one common share at a price of $0. 35 per share for a period of one year from the closing of the transaction. He previously held no securities of Golden Cariboo. As the warrants have expired, Mr. Sprott's current holdings are as described above.

The securities were acquired for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source

Sprott Monthly Market Update: Two Yellow Metals: Gold Is Good; Uranium Is Great

Rick Rule started his career in the 1970's bull market, which had a spectacular shift towards resources after a 50 year lull. He is preparing for what he believes may be the greatest shift in natural resource markets that he will witness for the rest of his career. He says that the next 5 years will be more generous for the junior resource space than most give credit for. The junior precious metals market is already up about 100% in a short period of time.

According to Rule, in 18 months to 2 years from now there will be a synchronized bull market where the precious metals run, as well as other commodities. This will not be due to demand, but because of supply destruction. That type of market is extremely volatile to the upside. Gold prices will move in terms of the US dollar which hasn't happened since 2002.

He is seeing new customers pouring into gold from across the spectrum. They are flowing into everything from the largest gold stocks, to gold specialized funds. Rule says it's a mistake not to own physical precious metals, with the market giving us so much so fast that it's getting frothy. There is also a strong retail demand for gold that has been absent to the market for the last 5 years.

Uranium is perhaps even more exciting, as everything that needs to be in place for a truly incredible bull market is there. The worldwide demand for uranium is assured because of it's electricity generation efficiency. Rick has been deploying some of his own capital into the uranium space, and feels the market won't move for another year and a half.

12 years ago, the last bull market in uranium stocks generated so much wealth, that the participants will be extremely aggressive this rise. When the price of physical uranium goes up, the benefit will be shared only by a few companies. This creates the possibility for an astronomical increase in share prices.

- Source

Rick Rule: Gold Will Lose the Battle Against the U.S. Dollar Less Badly

Eric Sprott: As the Fed Loses Control Gold Prices Will Soar

2016 has been exciting so far for gold investors. In the opinion of billionaire Eric Sprott, what is happening to gold and gold shares is stunning. The average gold stock is up 160% in less than 6 months, and Eric thinks gold will easily go to $2,000.

Gold, silver, and the mining shares have been the place to be ever since Eric was pushed into precious metals 16 years ago, in 2000, when gold was at $255. He was a hedge fund and equity fund manager who realized that the NASDAQ was going to crash. He wanted to protect his investors, so he got into gold stocks and opened up a hedge fund.

He has found that when most bull markets really get going, the returns are an average of 500%. In this gold bull market, $2000 gold is more like a 50% increase, so we should see it go that high at least, possibly much more!

Money deployed in the majors and mid-tiers is trickling down into the exploration companies where there has been a huge rally. One of his current strategies is to find near-development companies where a company has an interesting deposit and/or could be in production quickly. A recent example of an investment that Eric has made is called Latin American Minerals (TSX-V:LAT).

There is a concern about the negative correlation between gold stocks and general equities. Sprott thinks gold stocks will still be strong. This is because a failure- whether it is a bank, a government, COMEX, or a stock market breakdown would be incredibly positive for gold. Deflation is better for gold than inflation.

Sprott is hoping the central banks, and the commercial banks who are short on precious metals will lessen in power, so that gold and silver can do what they should have already done and go way up. The gains have been prevented many times due to market coercion by people with more power, money, and determination than the investors. Gold going over 2k in this ponzi-scheme environment is long overdue. We're going to have a long bull market.

- Source

The Recovery Is Fake And The Massive Debt Cannot Be Sustained

The Most Important Thing Eric Sprott Ever Said

Eric Sprott: Don't Miss 500% Gains!

Gerald Celente and Eric Sprott Economics, Finance, and Geopolitics

Sprott CEO: I'm a Pragmatic Gold Bug

John Wilson, CEO of Sprott Asset Management joins Bloomberg TV Canada's Pamela Ritchie to discuss risks in the global markets and why that is bullish for gold prices. (Source: Bloomberg)

Perpetual Assets interviews Rick Rule Chairman of Sprott US Holdings

David Morgan - Sprott Silver Purchase Perfect Timing

Sprott & Rick Rule Helping You Get Rich in this New Resource Bull Market!

Sprott's John Embry This is the Most EXPLOSIVE Action I've Ever Seen!

Gerald Celente and Eric Sprott Discuss Economics, Finance, and Geopolitics

Eric Sprott comments on Deutsche Bank, gold silver manipulation, this week in precious metals

Eric Sprott discusses moves in silver, the continued strength in the mining shares

Eric Sprott Purchases 10 Million Newmarket Gold Common Shares at $2.25 Per Share

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2016)

Newmarket Gold ("Newmarket" or the "Company") (TSX:NMI)(OTCQX:NMKTF) is pleased to report that Eric Sprott has agreed to purchase 10,000,000 common shares of Newmarket from Luxor Capital Partners LP ("Luxor") and affiliates at a price of $2.25 per share for total consideration of $22.5 million. Together with Mr. Sprott's prior shareholdings in Newmarket, Mr. Sprott will own 15,151,196 common shares in Newmarket representing an approximate 8.7% ownership in the Company. Luxor also granted Mr. Sprott a right of first refusal to purchase up to an additional 16,200,000 common shares of Newmarket that expires December 31, 2016.

Douglas Forster, President and Chief Executive Officer of Newmarket stated: "Mr. Sprott is a renowned and respected leader in the investment community and one of the world's premiere gold and silver investors. Newmarket is very pleased to have Eric as a larger shareholder of the Company and we appreciate his continued support as we continue to focus on creating shareholder value from our three producing gold mines in Australia."

Eric Sprott stated: "Newmarket has a strong management team and Board of Directors. I am impressed with the progress that Newmarket has made with record gold production in 2015, the very positive outlook for production growth and operating cost reductions and its strong balance sheet with essentially no debt. I look forward to being a supportive shareholder and participating in the growth of the Company."

Luxor and affiliates continue to hold 50,090,697 common shares of Newmarket representing an approximate 28.7% ownership in the Company with Luxor's shareholdings being locked-up and restricted from trading until July 10, 2016. Newmarket has approximately 174.7 million shares issued and outstanding.

Gerald Celente Discusses Election-Year, Middle East, European Chaos and GOLD!

Central Banks Are Getting Down to Fumes

Gold can Rise When Interest Rates Rise Rick Rule Interview

Sprott on Gold Market Outlook, Investment Strategy

Eric Sprott, chief executive officer of Sprott Asset Management, talks about investment strategy and the performance outlook for gold. Sprott speaks with Erik Schatzker and Scarlet Fu on Bloomberg Television's "Market Makers."

Eric Sprott discusses U S jobs report as well as surging demand for physical gold and silver

Gerald Celente and Eric Sprott Economics, Finance, and Geopolitics

Eric Sprott discusses exciting developments in the physical gold & silver market

Eric Sprott: Silver is The Dark Horse!

When I look at the $8 billion that’s gone into gold funds this month, you couldn’t begin to get that into silver in a year! There’s only 25 million ounces of silver on the COMEX and that’s worth only $400 million; you’d clean out the COMEX! I think only 20% of silver is available for investment, so that’s only 160 million ounces [annually].- Eric Sprott

The Powers That Be Don't Want To Admit There's A Problem

There Has to be a Collapse Way Bigger Than 2008

Money manager Eric Sprott has not lost his faith in owning physical gold and silver. Sprott contends, “I don’t lose any sleep over the price of gold going down in the sense that I believe what I believe. I believe it’s been manipulated.

It’s very much about currency and economics of the Keynesian scheme that we’re going to spend money, print money and it’s all going to work. It’s not working. I don’t want to wait and find out the day it falls apart because when it falls apart someday, then it will be too late. I want to be positioned beforehand. I can remember shorting stocks before March of 2000. 

It was a bit of a rough ride for three months, but my gosh, when it rolled over . . . you have to be a little bit early on things. I believe the last four years have been orderly and created to be difficult. I think gold would have gone up, but they could not stand for it to go up because they were printing money. 

If you are printing money and gold goes up, everybody figures it out. . . . I’ve been around for a while, and I have the patience to hang in there. I have been a buyer of gold stocks, and so I am hopeful this will end up being a very, very rewarding trade.”

- Source, USA Watchdog

Sprott Money News "Ask The Expert" with David Morgan

Renowned silver expert David Morgan, publisher of "The Morgan Report" discusses supply and demand trends in the silver market as well as the silver the silver mining companies.

- Source

Gerald Celente and Eric Sprott Economics, Finance, and Geopolitics

This Is The Investment Opportunity Of A Lifetime

“THINK ABOUT HOW TO MITIGATE YOUR LOSES!”

Legendary Investor Eric Sprott Shares the Greatest Financial Lesson He’s Ever Learned

In the wake of Japan announcing negative interest rates and chaos in the silver market with Thursday's LBMA silver price fix smashed .84 below spot prices by the 6 fixing bullion banks, we welcomed The Admiral of the Silver Market, Eric Sprott himself to help us break down all the action.

In Sprott's words, the sheer brazenness of the silver fix smash "Reeks of Desperation".

The discussion offers a unique look into the mind of the Billionaire Asset Manager, as Sprott shares insight into the thought process on how he evaluates whether a market is experiencing a bottom, and the legendary investor also shares the greatest financial lesson he's ever learned...

- Source

A Worse Crisis Then 2008 Is Coming

"Government revenues are going to plunge coupled with stocks falling; 2016 is not looking very bright."

It is a very tough situation because of oil prices are so devastating for everyone but particularly devastating for US and Canada. People are going to take all sorts of losses and reclaiming former capital. It is a dark hole where weaknesses are being amplified unless there is an outside influence to turn things around.

"Seeing all the previous crisis happening from the Dot.com to the 2008 crisis you can see what is likely to happen here; it has just been postponed. But I suspect it will be worse, it will be global and it will not be as easy to fix as it was in 2008 because now it will have to be coordinated."

It is a question of whether people believe or don't believe in the market. Everyone realizes after what has happened is that there is a vulnerability in the market that people didn't expect. Hopefully we will see signs of precious metals going up that will indicate the importance of focusing on the real issue in the financial system is today.

"All indicators are telling you that there is no recovery happening here anytime soon. It may just keep going down and potentially get violent. In the midst of all this the key thing is to focus on mitigating your losses."

- Source

The Focus For Investors

The most important thing is that roughly 97% of stocks are in bear markets throughout the world."

Originally only a few stocks in the US were holding things up, and now they're all getting crushed. In 3 months it would be no surprise to see every stock in the world being in a bear market. Furthermore it's unbelievable to think you have a stable economy when oil prices are under 30. There are so many areas of falling prices; hitting or nearing all-time record lows.

"I do not have much hope for the economy right now; the stock markets are reflective of that."

The whole issue of medical care in the US is being swept under the carpet; there are significant expenses for too many people. We need to be very careful about equity and bond investments. If you begin with the premise that the US is broke, you have $85 trillion of unfunded liabilities and a GDP of 18 trillion that says enough right there; it's a joke.

This is why I preach to own precious metals because they will survive a financial meltdown. Risk mitigation is critical, but you have to understand all the elements of risk. It is phenomenal the risk that you will be taking in turn for the yield you're expecting.

- Source, The Market Oracle

2016: What Lies Ahead

"There is nothing constructive to say about the financial Ponzi we have gone through since QE and negative interest rates were initiated."

By knocking interest rates down to zero and in some cases they're negative, savers are getting crucified. They get no return on their money. They have to buy the slimiest of assets, US bonds receiving 2%.

QE, printing of money will not do anything for the economy. We saw this with japan for the last 30 years. QE was only in place to inflate assets prices and we are all going to pay the consequences for that. It's shocking that the market has held up as long as it has, and even more shocking is that during this whole process policies are so irresponsible that precious metals are not getting enough attention. I feel like a lone wolf believing that people should be in precious metals to protect themselves against this recession.

- Source

Rick Rule: 2016 Will Be Painful for Commodities

Wall St for Main St interviewed Rick Rule, who is the President of US Sprott Holdings. In this podcast, we looked back on 2015 and discussed the energy market, precious metals market and the economy. Rick also provided his insights on what he thinks will happen in 2016 in the commodities sector. Plus much more!

- Source

Sprott Breaks Through to Gold Trust Holders

John Wilson, CEO of Sprott Asset Management, joins Bloomberg TV Canada’s Pamela Ritchie to break down the asset giant’s deal to purchase Central Gold Trust. (Source: Bloomberg)

THINK ABOUT HOW TO MITIGATE YOUR LOSSES

Eric Sprott Central Banks Are Getting Down to Fumes

Precious Metals and Black Gold

Not to put a number on it, but I believe for the last 15 years the demand for gold has been well above supply and central banks have superficially provided the extra supply. The physical gold market may overwhelm the paper market, if or when it does you can imagine a recession or depression or even a currency crisis which is happening throughout the world.

For oil, when you ask questions about markets that are dominated by paper and the influence of central planners it is difficult to give an answer that makes much sense. Ultimately, oil should be going back up; very few entities can produce at $30/barrel. Sooner or later we will see shutdowns, and once that happens it will be highly unlikely for a restart until prices are at a profitable amount.

- Source, The Market Oracle

Barkerville drills up out of a hole

Just one year ago, the hole that Barkerville Gold Mines Ltd. (TSX-V:BGM) had dug in the Cariboo mining district was starting to look less like a mine and more like a grave.

The company was deep in debt, its shares were in a downward spiral and its credibility was in tatters, following a year long cease-trade order imposed by the BC Securities Commission in 2013 over a dubious resource estimate made by company founder and former CEO Frank Callaghan.

What a difference a year can make.

The company is now debt-free, has raised $39 million in new investment, has been running three mill operations around the clock, and plans to restart its Bonanza Ledge mine in 2016.

“We were mired in debt and we had a $19 million debt obligation,” said Barkerville’s new CEO, Tom Obradovich, who was brought on board in January 2015 following Callaghan’s resignation. “We subsequently cleaned up the mining that was being done from a losing venture to a cash-positive venture.”

Thanks to a lifeline, in the form of a $15 million loan, thrown by legendary Canadian investor and gold bug Eric Sprott, the company was able to stay afloat long enough to get its finances in order.

In January, Obradovich, a key player in Aurelian Resources Inc., which was acquired by Kinross Gold Corp. (TSX:K), was brought on board, and other mining executives with proven track records are also being brought in.

One of the first things Obradovich did was shut down Barkerville’s small underground mining operation at Bonanza Ledge and sell off all the gold that had been mined there – about $22 million worth.

The company converted the Sprott debt to equity, giving Sprott a 41% stake. In June, the company was able to attract another key investor – Osisko Gold Royalties Ltd. (TSX:OR).

Osisko did a $6.9 million financing in June for a 7% stake, followed more recently by agreement for another $10.2 million to bring its position to 19.9%. Osisko also recently signed a $25 million royalty agreement for 1.5% of Barkerville’s future gold production. The company also recently announced another $3.5 million in a private placement with Sprott.

- Source

Here's How To Ask Sprott Global For Money

The document came about as a consequence of me watching many of our clients make mistakes investing. I watched our clients interviewing issuers (companies) at investment conferences and saw that the process they were going through in terms of accessing information to make investment decisions was faulty. What I tried to do was put together a guide that somebody could understand in an hour or less that would simplify and codify the process.

An issuer or an issuer’s agent who reads that same guide will be able to understand what is important to Sprott in 20 minutes or less. They will also be able to understand how to answer our questions efficiently.

If they don’t have the ability to answer those questions efficiently, they’ll know not to begin the process because it would be a waste of their time and ours.

- Source