Market News, Analysis, and commentary primarily on the precious metals markets, gold, silver, mining.
Showing posts with label Eric Sprott. Show all posts
Showing posts with label Eric Sprott. Show all posts
Wednesday, February 9, 2011
Monday, January 31, 2011
Eric Sprott - Expect $50 Silver, Gold Possibly $2,150 by Spring + All 100 Ounce Silver Bars Will be Gone in a Matter of Days
Eric Sprott - Expect $50 Silver, Gold Possibly $2,150 by Spring
January 28, 2011
With gold and silver rallying off the lows today, King World News interviewed Eric Sprott, Chairman of Sprott Asset Management which has $8 billion under management. When asked about the Sprott physical silver trust acquiring silver Eric stated, “We had to go into the market and buy about 15 million net ounces from third parties and it took us about ten weeks. It was a very, very long process and the one thing we can read out of it is obviously there weren’t 15 million ounces sitting around somewhere.” (Click the link above to read more)
All 100 Ounce Silver Bars Will be Gone in a Matter of Days
January 27, 2011
Today King World News interviewed one of the top gold and silver dealers in the United States about tightness in the silver market. Bill Haynes is President and owner of CMI Gold & Silver for and when asked about a shortage in silver he stated, “All of the major suppliers of 100 ounce silver bars are either weeks or months out, some will not even take orders. I had some conversations with a number of people who buy from them, had to dig through the information and some of them revealed that they thought the refineries were having trouble and the manufacturers were having trouble getting the physical product which falls right into the silver shortage.”
(Click the link above to read more)
January 28, 2011
With gold and silver rallying off the lows today, King World News interviewed Eric Sprott, Chairman of Sprott Asset Management which has $8 billion under management. When asked about the Sprott physical silver trust acquiring silver Eric stated, “We had to go into the market and buy about 15 million net ounces from third parties and it took us about ten weeks. It was a very, very long process and the one thing we can read out of it is obviously there weren’t 15 million ounces sitting around somewhere.” (Click the link above to read more)
All 100 Ounce Silver Bars Will be Gone in a Matter of Days
January 27, 2011
Today King World News interviewed one of the top gold and silver dealers in the United States about tightness in the silver market. Bill Haynes is President and owner of CMI Gold & Silver for and when asked about a shortage in silver he stated, “All of the major suppliers of 100 ounce silver bars are either weeks or months out, some will not even take orders. I had some conversations with a number of people who buy from them, had to dig through the information and some of them revealed that they thought the refineries were having trouble and the manufacturers were having trouble getting the physical product which falls right into the silver shortage.”
(Click the link above to read more)
King World News Broadcasts: 2 Jim Rickards Interviews, KWN Metals Wrap, Eric Sprott & Michael Pento
RIOTS, GOLD, CHINA & RUSSIA BUYING - Jim Rickards: KWN Expert Analyst & Sr. Managing Dir. of Omnis Inc. - Jim’s been a direct participant in many of the most significant financial events over the past 30 yrs. including the 1981 release of hostages from Iran. He was also principal negotiator for the gov. sponsored bailout of LTCM. Clients include private investment funds, investment banks and government directorates in national security and defense. He is advisor to the Committee on Foreign Investment in the US and Support Group of the Director of National Intelligence and testified before Congress on the causes of the financial crisis.
KWN Weekly Metals Market Wrap: We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold & silver market price action.
2011 GOLD, SILVER & MORE - Eric Sprott: Chairman, Chief Executive Officer & Portfolio Manager of Sprott Asset Management - Eric has over 35 years of experience in the investment industry and manages over $8 billion. Eric has been stunningly accurate in his writings for over a decade, and is one of the highly respected industry professionals who was able to foresee the current crisis. He chronicled the dangers of excessive leverage as well as the Fed bubbles, while correctly forecasting the tragic collapse we are enduring. Sprott Asset Management is one of the top firms in the world and has become well known for creating a gold and silver trust.
GOLD, BONDS, DEFAULT & END GAME - Michael Pento: Senior Economist at Euro Pacific Capital - Michael is a well-established specialist in the “Austrian School” of economics. A regular on CNBC, Bloomberg, Fox Business, and other national media outlets and his market analysis can be read in most major financial publications, including the Business Insider, Wall Street Journal, etc.. Prior to joining Euro Pacific, Michael worked for a boutique investment advisory firm to create ETFs and UITs sold throughout Wall Street. Earlier in his career, he worked on the floor of the New York Stock Exchange.
DAVOS GOLD STANDARD & NEW DEPRESSION - Jim Rickards: KWN Expert Analyst & Sr. Managing Dir. of Omnis Inc. - Jim’s been a direct participant in many of the most significant financial events over the past 30 yrs. including the 1981 release of hostages from Iran. He was also principal negotiator for the gov. sponsored bailout of LTCM. Clients include private investment funds, investment banks and government directorates in national security and defense. He is advisor to the Committee on Foreign Investm
KWN Weekly Metals Market Wrap: We have added new segments to the KWN Weekly Metals Wrap covering gold, silver, trading and a plethora of other factors affecting the precious metals markets. I am giving King World News listeners globally access to what has long been my weapons in researching where gold and silver are headed directionally along with the COT Report. We Cover the Commitment of Traders Report in detail as well as a number of other factors which can influence the gold & silver market price action.
2011 GOLD, SILVER & MORE - Eric Sprott: Chairman, Chief Executive Officer & Portfolio Manager of Sprott Asset Management - Eric has over 35 years of experience in the investment industry and manages over $8 billion. Eric has been stunningly accurate in his writings for over a decade, and is one of the highly respected industry professionals who was able to foresee the current crisis. He chronicled the dangers of excessive leverage as well as the Fed bubbles, while correctly forecasting the tragic collapse we are enduring. Sprott Asset Management is one of the top firms in the world and has become well known for creating a gold and silver trust.
GOLD, BONDS, DEFAULT & END GAME - Michael Pento: Senior Economist at Euro Pacific Capital - Michael is a well-established specialist in the “Austrian School” of economics. A regular on CNBC, Bloomberg, Fox Business, and other national media outlets and his market analysis can be read in most major financial publications, including the Business Insider, Wall Street Journal, etc.. Prior to joining Euro Pacific, Michael worked for a boutique investment advisory firm to create ETFs and UITs sold throughout Wall Street. Earlier in his career, he worked on the floor of the New York Stock Exchange.
DAVOS GOLD STANDARD & NEW DEPRESSION - Jim Rickards: KWN Expert Analyst & Sr. Managing Dir. of Omnis Inc. - Jim’s been a direct participant in many of the most significant financial events over the past 30 yrs. including the 1981 release of hostages from Iran. He was also principal negotiator for the gov. sponsored bailout of LTCM. Clients include private investment funds, investment banks and government directorates in national security and defense. He is advisor to the Committee on Foreign Investm
Thursday, January 27, 2011
Do gold and silver still retain their lustre as an investment? BNN asks Eric Sprott, CEO, Sprott Asset Management.
http://watch.bnn.ca/business-day/january-2011/business-day-january-24-2011/#clip406470
Do gold and silver still retain their lustre as an investment? BNN asks Eric Sprott, CEO, Sprott Asset Management.
http://watch.bnn.ca/business-day/january-2011/business-day-january-18-2011/#clip403553
BNN speaks to David Franklin, Market Strategist at Sprott Asset Management CEO of Sprott Private Wealth.
Do gold and silver still retain their lustre as an investment? BNN asks Eric Sprott, CEO, Sprott Asset Management.
http://watch.bnn.ca/business-day/january-2011/business-day-january-18-2011/#clip403553
BNN speaks to David Franklin, Market Strategist at Sprott Asset Management CEO of Sprott Private Wealth.
Saturday, January 22, 2011
Wednesday, January 5, 2011
Strong 2011 Expected for Gold Shares Despite Initial Weakness
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/1/5_Strong_2011_Expected_for_Gold_Shares_Despite_Initial_Weakness.html
We have seen a sharp two day correction so far as gold and silver continue to consolidate gains. This type of action is healthy as it shakes out new participants who are not fully committed to the investment. Silver in particular was incredibly strong in 2010, and has very recently been digesting those gains. But it could be the gold shares which surprise in 2011.
With gold stocks trading down another 2.25% this morning, the gold stocks have started 2010 down roughly 8%. Although this is a weak start, many professionals believe that 2011 will be a strong year for mining shares. Eric Sprott of Sprott Asset Management believes that a move from 540 on the HUI to the high 800’s is in the cards.
As gold and silver continue this consolidation pattern it should shake out some of the bullish enthusiasm and lead the way to the next move higher. Having said that, with gold at current levels, gold shares should have incredibly strong earnings and cash flow and this should lead to much higher prices for the mining stocks as Sprott predicted.
As the shares rise, we should see more consolidation in the sector. This will be good news for many investors in the junior sector. Quality juniors with solid projects should be acquired in 2011 by mid-tiers and majors. Even though the juniors had a bid in them during 2010, by and large is has been a rough ride for many years as investors have waited patiently for the next run in these shares. If Eric Sprott is correct about coming strength in the HUI, this should produce extremely high returns in the junior sector.
Eric King
KingWorldNews.com
We have seen a sharp two day correction so far as gold and silver continue to consolidate gains. This type of action is healthy as it shakes out new participants who are not fully committed to the investment. Silver in particular was incredibly strong in 2010, and has very recently been digesting those gains. But it could be the gold shares which surprise in 2011.
With gold stocks trading down another 2.25% this morning, the gold stocks have started 2010 down roughly 8%. Although this is a weak start, many professionals believe that 2011 will be a strong year for mining shares. Eric Sprott of Sprott Asset Management believes that a move from 540 on the HUI to the high 800’s is in the cards.
As gold and silver continue this consolidation pattern it should shake out some of the bullish enthusiasm and lead the way to the next move higher. Having said that, with gold at current levels, gold shares should have incredibly strong earnings and cash flow and this should lead to much higher prices for the mining stocks as Sprott predicted.
As the shares rise, we should see more consolidation in the sector. This will be good news for many investors in the junior sector. Quality juniors with solid projects should be acquired in 2011 by mid-tiers and majors. Even though the juniors had a bid in them during 2010, by and large is has been a rough ride for many years as investors have waited patiently for the next run in these shares. If Eric Sprott is correct about coming strength in the HUI, this should produce extremely high returns in the junior sector.
Eric King
KingWorldNews.com
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