Discussion About US Economy and US Job Number

What They’re REALLY After Is Silver!

In A Critical Update, Eric Sprott Dissects This Week’s Mauling of Silver:

What They’re Really After is Silver. The HUGE Short Position in Silver, if it Ever Got Out of Control, Every Dollar Up is $1 BILLION in Losses. They’re Trying to Get it Under Control, But They Can’t Get the Longs to Capitulate!

- Source, Sprott Money

Eric Sprott Don't Miss 500% Gains!

Latest US jobs report and the potential impact of the pending FOMC rate hike

Eric Sprott discusses the latest US jobs report and the potential impact of the pending FOMC rate hike on gold and silver prices.

Eric Sprott discusses the ongoing political battles in Washington and how they might impact gold

This week, Eric Sprott discusses the ongoing political battles in Washington and how they might impact gold and silver prices.

Eric Sprott discusses the latest moves by the US Fed, in the context of a slowing economy

This week, Eric Sprott discusses the latest moves by the US Fed, in the context of a slowing economy and rising inflation, and how this should lead to higher precious metals prices in 2017.

Gold Financier Takes a Stake in Sudbury Junior Miner

Northern Superior Resources announced that a numbered company controlled by gold financier Eric Sprott will make a $2 million investment in the Sudbury junior miner, and is out to raise $2.5 million more.

"Northern Superior looks forward to the involvement of Mr. Sprott and his associates with the Company,” said Northern Superior president-CEO Tom Morris in a Feb. 13 statement. “These financings could raise up to $4,500,000, allowing Northern Superior to aggressively advance exploration on the Company's key properties in Québec and Ontario. We look forward to the initiation of a series of exciting exploration programs on our two key properties over the coming months."

Northern Superior Resources has started a 30-hole, 9,000-metre drilling program on its Croteau Est gold property in north-central Quebec to examine the eastward extension of mineralization linked to the company’s Croteau Bouchard Shear Zone which has an inferred gold resource of 640,000 ounces of gold.

Morris said defining that extension “will not only lay the foundation for increasing the resource already reported, but could potentially lead to the discovery of other areas of mineralization.”

Sprott’s company is acquiring 40,000,000 units at a price $0.05 per unit with each unit comprised of one common share and one non-transferable share purchase warrant exercisable at a price of $0.075 per share for a period of two years from date of closing.

Sprott is entitled to nominate one person to Northern Superior’s board, so long as he maintains a minimum 10 per cent interest in the company.

Northern Superior has a portfolio of gold and diamond projects in Quebec and Ontario, including the Ti-pa-haa-kaa-ning gold property in northwestern Ontario, Croteau Est and Lac Surprise gold projects in central Quebec, and Ville Marie diamonds in west-central Quebec.

- Source, Northern Ontario Business