Thursday, March 22, 2018

Gold and Silver Are Going To Rise In Price As The Other Asset Classes Fall

“I saw an article on ZeroHedge where the U.S put a tariff on steel back in 2003 and the market went down 30%. And the tariff didn’t make it through the whole year… We have to wait and see what the repercussions are gonna be. 

There’s no doubt that the U.S. economy has suffered for a long time by the lack of anyone trying to protect industry in the country. I feel sorry for people who rely on factories and manufacturing things to survive, because there’s been absolutely no care for that area. Everything’s become financial… 

So you do need a little bit of strengthening of the trade policies. But what’s the effect on the stock market? It would be good for jobs to have tariffs, but the stock market? Totally different question. There will be outcomes in other countries in reaction to this… Nobody wins a trade war.”

- Source, Sprott Money

Monday, March 19, 2018

Eric Sprott: You Can’t Explain These Markets Anymore

“When you look at what Russia’s doing… The US dollar is very weak here. Wouldn’t you much rather have your money in gold? Why would you have it in US dollars when the dollar continues to weaken? And looks like it’s threatening to go much weaker? So, I can understand the logic of it. 

I can understand these other countries (China, Turkey) that are adding to their gold supplies. It seems to make sense in the foreign exchange world we live in. So, good for them, and I hope other countries come into the fold, because it seems like the logical thing to do.”

- Source, Sprott Money

Friday, March 16, 2018

Rick Rule Breaks Down What He Believes to be the Next Big Thing

Rick Rule, CEO of Sprott U.S. Holdings, and Amir Adnani, CEO of Uranium Energy Corp., discuss the role base metals play in the future of energy. 

Rule said that while cobalt is attracting media attention for its use in the “electrification of things,” investors need to be cautious of companies that are not legitimately mining cobalt. “You have to be in Congo, or you have to be in Russia,” Rule told Kitco News on the sidelines of the PDAC 2018. “Everybody wants to be in politically secure, politically correct cobalt. It’s as if they wanted a cobalt discovery in Kansas. 

But there isn’t any.” Adnani noted that while cobalt may play an important role in the battery theme, the often ignored phase of recharging those batteries is equally important, and this is where uranium comes into play.

“If everyone wants to drive an electric vehicle, and everyone needs to recharge these batteries around the clock at different points in time, the need for de-carbonizing the economy at the same time as making sure electricity is available around the clock can only be made available through nuclear power,” Adnani said.

- Source, Kitco News

Thursday, March 8, 2018

When Stocks Go You Will Have Only One Bull Market Left And That Will Be In Gold & Silver

“Man, it smells like a bull market here. There are lots of reasons you could imagine people would want to come into this market, and we’ve talked about it before. It’s what I call the bear market in cryptocurrencies, the bear market in bonds, which is becoming exceedingly obvious. 

And, of course, the little correction in stocks, which is not in a bear market yet, but my God, if it turns into a bear market you only have one bull market! And of course, we’re seeing it not just in gold and silver, we’re seeing it even in the base metals and other physical products. So the market seems to be coming around to, ‘You know, I want to get my hands on something real, here.’ So it portends great things for gold and silver.”

- Source, Sprott Money

Sunday, March 4, 2018

If The Fed Steps In To Save The Markets Then Gold & Silver Will Go Crazy To The Upside

It’s been a wild week in the markets, and Eric steps in to break it all down for us. In this wrap-up, you’ll learn what’s causing the volatility, why you should be watching the bond market, and what role the Fed could play in the coming year.

And, as always, he’ll let you know how precious metals are faring in all this.

“I could sit here as a guy with a big portfolio and say, ‘Well, thank God my gold is only down 2%, and my silver is only down 2%.’ Everything I own could be down eight. Or ten. So, I’m not hurting here… I think relatively, these things have done exactly what we would expect. They’ve probably been suppressed… The natural instinct should be to buy gold in this kind of environment. We’ll see what happens today. Lots of people in the world are going to be trying to find things to invest in that can hold their own, and I think we’re already seeing that gold and silver look like they’re filling that role.’”

- Source, Sprott Money

Monday, February 26, 2018

Sprott Money News Ask The Expert - February 2018 Rick Rule

Rick Rule, the president and CEO of Sprott US Holdings, joins us this month to answer questions from Sprott Money customers regarding gold, silver and the mining shares.

- Source, Sprott Money

Wednesday, February 14, 2018

Only the Blind Can't See the Manipulation Going on in Precious Metals

The US jobs report is out, and the markets are already reacting. But Eric says all is not as it seems.

“A lot of people try to make very quick decisions on this without all the information. And all the information is: it was not a bullish jobs report.”

Join Eric for a deep dive into the numbers and learn what they mean for the average worker. Plus: at the five minute mark, Eric talks about why he thinks crypto is “kind of over,” and what the future holds for blockchain.

“I think all these things are very strong—they’re powerful changes in markets which could create a much, much bigger interest in not only precious metals, but other hard assets as well.”

Plus: Why Eric finally feels vindicated by the CFTC fining and charging major banks for manipulation of precious metals.

- Source, Sprott Money

Friday, February 9, 2018

The Day That The Commercials Fall Flat On Their Face Could Soon

The year is off to a hot start with the dollar sinking and the price of crude oil going up. This week, Eric talks more about the “shockingly weak dollar,” the economic weakness in the U.S., and the continuing fraud of the COMEX.

But this week, he zeroes in on perhaps the strongest argument for precious metals: vulnerability.

“We have to talk about these Intel chips that were flawed, OK? Because if you’re a wealthy person, and a smart person, do you know that your bank account can be hacked? Do you know that the bank where you have your money can be hacked? 

Do you know that everything can be hacked? Where do you want to have your money? 

Do you want to put some in gold, so that at least it can’t be hacked, ‘cause it’s physical—you’ve got it in your own possession? So, I think that’s going to be very, very important to both gold and silver here, that everything is so vulnerable. Of course, nobody talks about it anymore. 

The market goes to a new high, it doesn’t matter that all our computers are hackable, because someone else is controlling the market. But as smart guys thinking about this sort of stuff, do I really want to keep my wealth in something digital where I have no control over it?”

- Source, Sprott Money

Monday, February 5, 2018

The Dollar Could Plunge From Here And That Could Boost Gold By $150

It’s an exciting time to be in precious metals. The US dollar is plunging to its lowest level in four years, Bitcoin is faltering, and with all the political uncertainty in the world, people want security.

The fact that investors are turning to gold and silver comes as no surprise to Eric.

“All these unregulated currency exchanges are open to massive manipulation. We see manipulation inregulated markets. Can you imagine what happens in an unregulated market, where you can do whatever you want to do?”

“If you’re going to exit the game—the Bitcoin, the cryptocurrency game—what do you do with your money? You hate banks, you hate fiat currencies. There’s pretty well only one option—that is to go into gold. And so that is happening as we speak.”

Even as Bitcoin’s stumble causes a surge of interest in precious metals, the main story in the news today is the looming government shutdown in the United States. What does this mean for the future of the US dollar, and how could it add to what Eric calls “a huge tailwind for gold”?

- Source, Sprott Money

Tuesday, January 30, 2018

Rick Rule: Why Precious Metal Demand Could Easily Quadruple

Sprott's Rick Rule tells Silver Doctors if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple. 

Almost every asset class has been rising. Over the last month, gold and silver have been playing "catchup," Rule says. The size of the precious metal market is tiny right now in comparison to other asset classes. 

Rule reveals that if precious metals reverted to their three-decade mean as a percentage of total U.S. investments, demand would quadruple. U.S. Treasury Bonds are seen as one of the safest place to put money. However, Rule says inflation makes U.S. Treasuries depreciating assets.

- Source, Rick Rule via SD Bullion

Friday, January 26, 2018

Rick Rule: Gold is Not on a Verge of Breakout This Year, But the Miners Are

Gold will do well this year but is not on a verge of a breakout, says Rick Rule, CEO of Sprott U.S. Holdings. 

“Confidence in too many things is too high,” Rule told Kitco News on the sidelines of the Vancouver Resource Investment Conference, “gold does well when people are afraid of other stuff.” 

Rule is more upbeat on gold miners, despite miners having lagged physical gold last year. “Gold miners are going to surprise, particularly because of low expectations,” Rule said.

- Source, Kitco News