Eric Sprott Interview (Notes and Audio)

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Eric Sprott Interview Notes

  • bond purchases made by Europe and others are actually an unofficial bank run, and banks are selling these bonds/assets to make depositors whole.
  • there has been a 20% supply/demand change in gold demand from last year to this year, where is the gold supply coming from?
  • agrees with James Turk that the gold cartel is doing an orderly retreat while trying to avoid gold jumping too fast
  • based on 16-1 silver to gold ratio in the past, silver should be trading around $110
  • discussed George Soros' comments re: silver, but few others touch it.
  • he asks “where is the silver supply coming from in an 900 million oz. a year producing world?”
  • on oil he notes that oil firms are going to have a hard time raising capital for exploration and this will have a significant impact on oil prices in the future.
  • this takes into consideration the economic slowdown’s impact on energy use
  • HUI going thru 600 is the all clear signal to buy the miners

Source: King World News

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