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« Silver investors need to keep faith - Rakhimov | Main | We Generate A Quick 12.64% Gain As Gold Grinds Down »
Saturday
Jun012013

Eric Sprott - Gold Raid Has “Unleashed A Torrent Of Buying”

Today billionaire Eric Sprott spoke with King World News about the recent raid on gold and silver and noted that it has unleashed a “torrent of buying.”  Sprott also communicated to investors what they should be doing in the aftermath of the raid.  This is the third of three written interviews with Sprott that will be released today.  Below is what Sprott, Chairman of Sprott Asset Management, had to say in part III of this remarkable series of interviews.

Sprott:  I think the raid (on gold) was meant to shake people out of gold.  As you know various people have said, ‘It’s an eight-sigma event,’ or ‘A seven-sigma event.’  We’ve calculated it to be a six-sigma event, which is one that happens every 13 years.

Those who have calculated it (the raid on gold) as as an eight-sigma event said it could only happen once every million years....

Continue reading the Eric Sprott interview please click here 

With gold, silver and Uranium stocks being out of favor one must decide if this is a problem or an opportunity. We have steadfastly refused to buy gold and silver mining stocks for the last two years and as evidenced by the HUI we feel that our decision to hold back has been vindicated. The damage done to the mining sector may not be over yet but this demise is starting to offer up some exciting opportunities in my view.

Great care will be needed in the selection process in order to generate a reasonable profit and that’s where our new venture begins. ‘Stock Trader’ has begun trading on behalf of ourselves and our much valued subscribers, all exciting stuff which we are really looking forward to, if you wish to join us then please subscribe below;

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