2145 days ago
Okay the man behind the world's best known resource investment group is talking his own book. But he is more often right than wrong.
2368 days ago
The keynote speaker at the recent Palisade Capital conference was Eric Sprott, perhaps the world's best known investor in resource stocks. Eric reckons we are in a bull market. Well he would wouldn't he. Eric stresses that Gold holds it’s value, unlike fiat money. It’s hard at times to recognize that we are in fact in a bull market; however, we are as the TSXVenture Exchange has had an excellent rally over the past couple of years.
2833 days ago
2016 has been exciting so far for gold investors. In the opinion of the world's best known precious metals investor 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.
3502 days ago
Eric Sprott is the best known name in resource investing. His latest comments are on the subject of Ebola and are utterly terrifying. They are a terrifying at a human level. If however you own shares in certain mining companies you should be double terrified. Yes, I hark back to African Minerals (AMI).
If Ebola continues to spread, it was put to me the other day that the Sierra Leone Government will order a total lockdown of the mining industry in that country. How long could African afford a lockdown before it becomes unable to service the interest on its ballooning debts? The answer is about three weeks.
I explained HERE why even without Ebola African Minerals is screwed
3906 days ago
Well it has been a hell of a ride (down) for gold and other precious metals. Srott is the world’s leading resource investment group so it clearly hopes that the answer is yes. This piece by David Franklin, Eric Sprott’s market strategist explains why it is more than hope.
3922 days ago
The article below was published by Eric Sprott, the guru of precious metals fund management. It applies to the US but the same issues face the UK. It is devastating.
Read this and appreciate how the political classes of the West are to a man (or woman) lying to you. They tinker, they pontificate but they are racking up liabilities which they know cannot be met. The unfunded future liabilities of the British, French, US Governments mean that they are all technically bust.
We face hard choices. We should be slashing entitlements and Government spending now. No politician will tell you this but the way we live is just not sustainable. They lie to you to get your votes. By the time we go bust they will be out of office. They do not care. Read this. Appreciate the real facts.
Conservatives in the US and UK say “Detroit is just Democratic/liberal incompetence”. That is a lie. Politicians of all parties are just as culpable. They are all lying to you.
Over to Sprott:
3928 days ago
Sprott Asset Management is the world’s most successful precious metals and precious metals stocks investor. Its head honcho Eric Sprott is a big silver bull. So maybe the group is talking its own book here but it is an interesting take none the less. Personally I think solar power is a busted flush & have no great faith In China five year plans, but there you go. Sprott AM writes:
3930 days ago
The latest newsletter from the leading precious metals fund management group Sprott deals with Canadian mining juniors but it is equally applicable to AIM. There are one or two rather painful home truths for us all to consider. It reads:
3935 days ago
This article came out the other day from the team of Eric Sprott, the legendary precious metals fund manager. There is a clear disconnect between physical and paper gold markets and that is why, I find, this piece so interesting....
3944 days ago
Rick Rule is a legendary fund manager within Eric Sprott’s group – the world’s leading gold and silver experts. He gave this interview the other day in a client call in. It really is great stuff. What he says about management quality in this sector is understatement of the year.
What’s going to happen with gold and silver?
They’re going to be extremely volatile. But these are the sort of times where gold and silver have done very well over time. Remember, as my friend John Mauldin puts it, “We want to own things central bankers can’t print.” They can’t print gold and silver.
Right now, we’re seeing a classic move from one set of hands to another.
3945 days ago
This article by two employees of Eric Sprott, the guru of gold and ( especially) silver stocks has just appeared and is fascinating, if a tad conspiratorial in tone. It reads…
Silver’s year-to-date performance has been the worst among all commodities, falling 35% from January to June 30th this year. It’s been a rough ride for those who have held on, but recent news should give silver investors a reason for some renewed optimism.
3948 days ago
Today I hope to shed some light on the question – will gold stocks keep falling forever by bringing you a piece from Steve Todoruk who works for Eric Sprott at Sprott Asset Management – the world’s most successful investor in gold and silver stocks. Steve writes…
The period ending in 2010 was one of the most explosive episodes of growth for the gold mining industry, but the aftermath has been bleak.
3948 days ago
Eric Sprott founded Sprott Asset Management in 2001, and is one of the gurus of gold (and more especially silver). This article appeared the other day summarising Sprott’s thoughts from a broadcast which went out on June 25th. It is an extreme view and clearly Sprott talks his own book but it is interesting none the less.
3975 days ago
Eric Sprott is Mr Silver. He is a passionate bull of the metal and his funds are the number one funds in the sector. About the only reason for buying shares in AIM & TSX listed Arian Silver (AGQ) was that Sprott was a major shareholder. But, oh dear me…he is selling. How will Arian's prick of a PR man spin this one?
