Thursday, December 29, 2016

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

Monday, December 12, 2016

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:

Friday, December 2, 2016

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…