Saturday, October 21, 2017

Eric Sprott: I MUST Warn You


Eric Sprott starts off with a warning “I’m grumpy today and we’ll leave it at that”. The focus immediately turns on the negative jobs report, and on top of Eric breaking down just how bad it was, he is especially angry at the precious metals price suppression and market manipulation going on.

The significance of this week’s move is one of the main events the gold cartel uses as cover to smash price. Eric reminds us the key smashing favorites of the cartel are the FOMC meetings and the monthly non-farms payrolls report (which was today).

Now is a great time to be buying gold to take advantage of this latest whack job on the precious metals. Right now they have succeeded in working the price back down, and they do over and over and over again.

Here’s the latest wrap up of macroeconomic fundamental news on the on the economy in general, and the gold and silver markets in particular.

- Source, Sprott Money

Tuesday, October 17, 2017

Eric Sprott: They Do Whatever The Hell They Want To


Eric Sprott is all fired-up on the smashing of the metals this week by the cartel. The constant bombarding of the precious metals market is not easy to watch, but fortunately, Eric says it is not as violent as it could be.

Eric is also amazed at how the financial press is able to spin Trump’s every move. If he is siding with the democrats on something, it is good for the markets, if he sides with the republicans that’s also good for the markets. Eric says for the time being, the central banks are in full control, and they can move markets wherever they want and do “whatever the hell they want to do”.

In this recap, there is also discussion of the economic impacts of the two hurricanes, as well as a look at the macro level of the economy.


Sunday, October 8, 2017

Eric Sprott: You’ve Got To Put Up With It So The Commercials CAN SCALP


Eric Sprott says that the commercials have been scalping at the COMEX hedge funds and speculators to cover their shorts. However, recent events are very bullish for gold and silver prices going forward…

Craig Hemke interviews Eric Sprott on Sprott Money News

Topics this week includes the latest round of flushing of the specs from the markets. The good news is that once the latest flush is finished, the price will again start to rise.

There is also discussion of macro economics pertaining to the Trump Tax Plan and the developing crisis with the pension and retirement systems in the U.S.

Finally, Eric discusses recent mining and exploration efforts that have been going on in Australia, which includes some pretty interesting discoveries along what has long since been a seabed.

Now is a great time to be buying gold to take advantage of this latest whack job on the precious metals. Right now they have succeeded in working the price back down, just as they do over and over and over again as long as the paper scheme goes on...

- Source, Sprott Money

Thursday, October 5, 2017

Bull Market In Gold Is Just Beginning

“In terms of the near-term on gold, Eric, I’m never fussed about these types of pullbacks. My own feeling going back 40 years is that the most important determinant of the gold price is faith in the US dollar. This faith is expressed by the US 10-Year Treasury, and the delta between the yield on the US 10-Year TIP and the US 10-Year Treasury.

If you believe that past is prologue, that is if you believe that the gold price is going to be primarily determined by faith in the US 10-Year Treasury, and you observe that the US 10-Year Treasury has been in a bull market since 1982, and that as a consequence the yield has fallen from 15.6% to 2%, I think you’re struck with the fact that the bull market in treasuries is closer to the end than to the beginning. Which means that the bull market in gold is closer to the beginning than the end.

If gold sells for $1,300 or gold sells for $1,350, neither price point is of any particular interest to me. I hold physical gold because it’s a medium of exchange that’s simultaneously a source of value. And a $20 move, $30 move, or a $50 move in either direction isn’t even background noise from my point of view. I’m in this for the long-term because gold is headed a lot higher than what it is trading for today.”

- Source, Rick Rule of Sprott Asset Management, via King World News

Monday, October 2, 2017

Rick Rule On Comments From Paulson & Co. About Gold Miners, Plus What’s Next For Gold

Today one of the wealthiest street smart pros in the business spoke with King World News about the comments from Paulson and Co. criticizing the gold mining industry as well as what to expect from the gold price going forward.
Eric King: “Rick, the comments about the mining industry coming from Paulson and Co. were fascinating. Your thoughts on what unfolded.”

Rick Rule: “Well, I think its hugely useful what he is proposing. Marcelo Kim was proposing that some of the bigger mining investors in the world, ourselves included, form a shareholders council — sort of like the World Gold Council — and advocate for change among the major mining companies. I think this is so important, Eric, because the change needs to come from us (investors)…

“If you look back to what started the current sort of paradigm around gold stocks, in my opinion it was the move in the 1970s of the gold price from $35 an ounce to $850 an ounce. And despite that incredible move in the bullion, many of the gold shares generated even larger returns. The consequence of that is that investors have looked at the gold mining industry to provide them one thing, which is leverage to the gold price. Now, amusingly, when you ask a gold company to exhibit leverage, what you are really asking them to do is be marginal because the high cost producer gets the best margin increase from an increasing gold price."

- Source, King World News, Read More Here

Friday, September 29, 2017

Eric Sprott: A Group of Suckers That Get Wiped Out All The Time


Eric Sprott says that Fed meetings are one of the two key cover events used to really whack gold and silver prices. Eric says that now is a good time to be buying physical, but those playing the paper games will get wiped out again. Here’s the latest…

The commercials are disgustingly more coordinated than ever. They are both long and short paper gold and paper silver in the markets, and they have been playing this game for years.

Now is a great time to be buying gold to take advantage of this latest whack job on the precious metals. Right now they have succeeded in working the price back down, and they do over and over and over again.

The significance of this week’s move is one of the main events the gold cartel uses as cover to smash price. The other being the monthly non-farms payrolls report.

Here’s the latest wrap up of macroeconomic fundamental news on the on the economy in general, and the gold and silver markets in particular.

- Source, Sprott Money

Tuesday, September 26, 2017

A wild theory and a bit of gold has sparked a 500% rally in this Canadian gold explorer

Quinton Todd Hennigh has spent 13 years scouring the Earth for clues to back a hunch: that the world's biggest gold resource has lost siblings elsewhere on the planet.

Now, the president of Novo Resources Corp. thinks he may have found a counterpart of South Africa's Witwatersrand in the ancient red rocks near Australia's northwest coast. In July, his company zeroed in on a gold find that's confounded geologists and sparked a 500-per-cent surge in the explorer's share price.

The first test on land south of the coastal town of Karratha looked good. Employing two men, a metal detector and a jack hammer, Vancouver-based Novo extracted gold nuggets as long as 4 centimetres from an exploration "trench" little more than a half-metre deep. That tiny sample hinted at ore grades that could be among the highest of any operating mine in the world.

Mr. Hennigh, who's worked as a geologist for Newmont Mining Corp. and Newcrest Mining Ltd., isn't screaming bonanza yet. "Can I say 100 per cent that this will turn into a mine right now? No, I don't know," he said in a phone interview, acknowledging that hard work remains to determine if watermelon-seed-like specks of gold can be economically mined.

Still, the potential upside is seen by some as huge.


- Source, Globe and Mail

Sunday, September 24, 2017

Precious Metals Are Hugely Manipulated, But Eventually They Will Lose Control

Eric discusses the recent gains in gold and silver. In 2016 stocks went up 160% in six months, we could be looking for something similar in the gold sector. It’s a tiny part of the overall market that could explode quickly.

The dollar index had support at the 93 level, but it seems to have broken to the downside. If you look logically at the U.S. financial situation, you will realize that they are bankrupt. There will be a shocking wake-up call at some point when people realize things are unsustainable and pensions can’t be paid out.

There is a lot of chaos happening in politics in Washington, and it doesn’t seem like much will be accomplished. Foreign countries are going to continue selling U.S. dollar treasuries. It’s not ridiculous to think that gold can’t go many multiples higher. The way the system has evolved is a good reason to hold gold for the next decade.

Eric discusses the ICO frenzy in cryptocurrencies and why he feels that there are too many different versions of cryptos. He prefers gold and silver but thinks cryptocurrencies may have a place especially if they find a way to tie themselves to gold and silver.

He expects the market to move similar to 2001 he expects it to be volatile. He says “I am a huge believer that metals are manipulated by central authorities when they lose control we could be looking at a sustained gigantic bull market in precious metals.”

Mr. Sprott discusses Novo Resources (TSX.V: NVO) and why he is excited about the potential. He finds the geology of the site to be quite fascinating.


Thursday, September 21, 2017

Forced Selling Creating EPIC Opportunities: Eric Sprott & Keith Neumeyer


The demand for junior precious metals mining company stocks is soaring, and as a result VanEck's GDXJ is being forced by stringent regulations into rebalancing - forced selling to reduce positions that have become too large, which is creating tremendous opportunities. As Eric Sprott says, "There's too much interest. Isn't the funny thing? There's so much interest that the stocks are going down! It's the most ironic situation that we've ever been in, but there will just be new vehicles created. " Keith Neumeyer & Eric Sprott join me to discuss this, the precious metals manipulation, the problems at the LBMA and much more. Thanks for tuning in.


Monday, September 18, 2017

The Recent Action in Gold and Silver Broken Down



Eric Sprott returns this week to discuss the latest moves in gold, silver and the mining shares.

- Source, Sprott Money

Friday, September 15, 2017

A New Bull Market is Well Underway



This week we're joined by John Embry, longtime Chief Investment Strategist for Sprott Asset Management. John discusses the recent surge in gold prices and why he believes a new bull market is well underway.

- Source, Sprott Money

Monday, September 4, 2017

Eric Sprott: Gold to $5,000 and Then on to $10,000 per Ounce


Eric discusses the recent gains in gold and silver. In 2016 stocks went up 160% in six months, we could be looking for something similar in the gold sector. It’s a tiny part of the overall market that could explode quickly. The dollar index had support at the 93 level, but it seems to have broken to the downside. If you look logically at the U.S. financial situation, you will realize that they are bankrupt.

There will be a shocking wake-up call at some point when people realize things are unsustainable and pensions can’t be paid out. There is a lot of chaos happening in politics in Washington, and it doesn’t seem like much will be accomplished. 

Foreign countries are going to continue selling U.S. dollar treasuries. It’s not ridiculous to think that gold can’t go many multiples higher. The way the system has evolved is a good reason to hold gold for the next decade. Eric discusses the ICO frenzy in cryptocurrencies and why he feels that there are too many different versions of cryptos. 

He prefers gold and silver but thinks cryptocurrencies may have a place especially if they find a way to tie themselves to gold and silver. He expects the market to move similar to 2001 he expects it to be volatile. He says “I am a huge believer that metals are manipulated by central authorities when they lose control we could be looking at a sustained gigantic bull market in precious metals.”