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

Tuesday, January 23, 2018

Precious Metals Are Up, Cryptocurrencies Are Down

After an interesting week with lots of major changes going on, Eric Sprott feels optimistic. "Last week's report was stunningly positive for the future of silver and gold," he says, making it easy to imagine "a period time when the prices keep rising."

At the same time, Bitcoin suffered a dramatic loss following CME's launch of Bitcoin Futures Trading - a reversal of fortune that doesn't surprise Eric in the least.

"All of these things are just in huge declines today…I've never really been a believer in Bitcoin, that it stood for anything other than: I can understand people not wanting fiat currencies. I can understand people not wanting to deal with banks. I can understand people trying to hide things from the government. But look at the appreciation that happened. And you gotta wonder, it's a 'greater fool' thing, right? 

Somebody has to buy this thing from you. And if that other person stops buying it, it's over. There's a lot of people suggesting this could go down to a very, very, very low level, and bringing it back, one of the things that will happen, people will realize that gold and silver are real things - when you buy them, you have a coin. You have something tangible that's not about to disappear. So I think that could be the real benefit from the demise of cryptocurrencies, if you will. I'm not wishing their demise, but I'm not a participant in the cryptocurrencies."

It's a serious correction that looks like a bear market to Eric, and he hopes someone who wants to avoid fiat currencies and government interference looks at markets closer to his, hear. "If any of this money could come into the silver market - wow! Could it ever be dramatic."

- Source, Seeking Alpha

Friday, January 19, 2018

We Are Going to See a Huge Return to Precious Metals in 2018

In the final weekly wrap-up for 2017, Eric Sprott talks the top stories of the year and makes his predictions for the New Year ahead.

The good news? Gold is up almost 13% - the best since 2010. "It's been a pretty steady, consistent kind of rise here, it's like something has changed in the market," Eric says.

Comparatively, "you saw what happened with cryptocurrencies - the degree to which they've exploded. We've seen nothing in gold and silver… There's lot of reasons to think more and more people are going to come into this market." Eric adds, "these are usable items that will always have value."

Get Eric's full thoughts on:

• How the new U.S. Tax Bill will affect the dollar and bond markets

• Political uncertainty and how it will affect the precious metals markets

• The big stories of 2018

- Source, Seeking Alpha

Monday, January 15, 2018

Precious Metals Demand in 2018 and The Price of Bitcoin Going Forward

Going into 2018, we are already see strong demand and a nice price movements in the precious metals space. Meanwhile, Bitcoin has suffered a huge setback, after experiencing massive gains throughout 2017. Now, what comes next?

- Video Source

Thursday, January 11, 2018

Gold and Silver Experience a Massive Turnaround

Lows in gold, Comex curiosities - it's been an interesting week for precious metals. Whether or not there will be a rally in 2018 remains to be seen, but if history is anything to go by, there just may be a lift in the market as we turn the calendar to the new year. Eric Sprott thinks so, too. 

"It's been a pretty good week so far," he says. "It's interesting and sort of sickening in a way that the commercial banks, who were shorting gold and silver, can use these Fed meetings as an excuse to knock gold down to raise rates. 

That's their cover, right? That's their cover for their illegal trading activities, the minute the shorts knock the prices down and the Fed raises rates, up she goes. What a massive turnaround in as little as two weeks."

- Source, Sprott Money

Sunday, January 7, 2018

Possible War Between Gold and Bitcoin Coming in 2018

Eric Sprott discusses the recent price action of both gold and silver and the price movements he sees coming throughout the year. Will gold be the winner, or will it be Bitcoin once again?

- Video Source

Wednesday, January 3, 2018

Eric Sprott: The Gold Paper and Physical Markets Are Like Night and Day

Luke speaks with the legendary Canadian Gold Bull, Mr. Eric Sprott on his view on the gold market, distinguishing between the paper market and the physical market and the current market dynamics. Eric concludes the interview by sharing his advice for both new investors interested in Gold and experienced investors alike.

- Source, Bullion Stars

Wednesday, December 20, 2017

Rick Rule: 2018 Is Going to Be a Great Year for Gold Miners

Rick feels the market needed time to consolidate the gains from 2016 and this was accomplished in 2017. Many mining companies were able to put in strong corporate performance and generate cash relative to the gold price. 

Gold did better in the face of a strong U.S. dollar than many believed and has outperformed the gold equities. This coupled with good corporate performance, and low expectations will likely lead equities higher in 2018. Rick has just returned from meetings with a lot of retail and large institutional investors from around the world. 

There is a lot of smart money waiting on the sidelines. Rick says, “Perhaps I am an incurable optimist, but it feels not too hot, not too cold, just right.” Rick doesn’t see the negative attitudes towards mining stocks since he begins with this basic assumption: “If there are a thousand mining companies in Canada, eight hundred of them will return to their intrinsic value which is zero. 

If you buy the sector, you will go broke.” He would argue that the better juniors are still selling at a good value. You make money buying individual stocks, and you should start with the best of the best juniors. He expects that from a speculative position the uranium equities will perform well due to the supply cuts and because 2017 used up the sellers. 

He feels the rally will be short lived because companies will issue shares to stay afloat. The cutbacks are good news as they were not due to market manipulation but the economic realization that they were losing cash with every pound produced. 

These two companies realized that they could likely sell their resource base for $60 a pound in a few years.

- Source, Palisade Radio