GDX has Three White Soldiers bullish candles and Buy signal confirmed by MACD.
GDXJ has Three White Soldiers bullish candles and Buy signal confirmed by MACD.
Eric Sprott has spell it out for the rest of us: Gold and Silver Stocks Are In The Bull Market Again and Gold to follow. Eric Sprott calls this market situation as the most spectacular in his investment career. His Gold Bull margins calculations and projections for the share prices for Gold and Silver Stocks make our morning bright today.
"To make this dramatic and pleasant for Survivors picture come true we need just one thing - Pros with the money coming into the market, without them it will always be only the wishful thinking. We can see them coming now."
King World News:
Today billionaire Eric Sprott stunned
KWN when he spoke about how investors can make a staggering 3,000% in less than
a year. Sprott called this “the greatest” investment opportunity he has
ever seen in his life. He also spoke with King World News about the
unprecedented events that are taking place in the gold and silver markets.
This is the first in a series of interviews with Sprott that will be released
today. Below is what Sprott, who is Chairman of Sprott Asset Management,
had to say in part I of this remarkable interview series.
Sprott: “I think the most important thing that your listeners
(and readers) would want to understand is that we have a bull market in silver
stocks -- they are up about 50%, we’ve got a bull market in gold stocks -- they
are up something approaching 30%, we have a bull market in silver -- it’s up
over 20%.
We don’t have a bull market confirmed in gold yet,
but it’s my expectation that this will happen forthwith.
“As I look at the landscape and see all of the
obvious things that indicate a shortage of gold, and a lot of demand for
silver, it would seem to me that we are going to see some serious price spikes
here.
I’m suggesting that within the next year we would
see something like $2,400 (for gold). What all of that implies is the
opportunity in the equity side (mining stocks) is spectacular ... There will be
some (companies) that will go up 10, 20, and 30 times (in price) within a year.
To me, those are opportunities that rarely present
themselves, and I’ve been in this business a long, long time. I don’t
even think I’ve seen an opportunity where you could imagine that within a year
you could make 3,000% on something. So I think it’s a great opportunity
for people.
The market is already telling us we are in a bull
market, although most people probably don’t feel that way. But you look
at the results so far and they have been pretty stunning in terms of the
rallies in the (mining) stocks. So I really believe it’s a great time to
be buying (those) equities here.
I would suggest to your listeners (and readers) that
they don’t wait too long because things are happening very, very rapidly.
I can tell you I’ve been involved in a number of private placements lately, to
try to position ourselves for some of these larger moves that we think are
likely to happen.”
Eric King: “I’m going back a
little bit now, Eric, but I said this to you at one point in 2009, there was a
10-year run where I strongly believe you were the most accurate forecaster in
the world with your written works. You rose to become a billionaire, but
as John Embry said to me, ‘People don’t realize it, but Eric and I, we rose
from nothing. We were broke when we were younger.’ And you’ve made
fortunes in the investing world. What you are saying today is, this is
literally one of the greatest (investing) opportunities you’ve ever seen in
your life.”
Sprott: “Well, as I sit back and look at it, Eric, I think
it is the greatest. To imagine you could make that much money (3,000%) in
one year, as other financial markets are not performing well. And here we
have this huge opportunity to own the metals, and/or the shares, and make this
outsized return, which is exactly what happened in that last decade when the
gold stocks rallied by 1,800% off the low.
So that’s the type of thing that we’re looking at
here -- a re-continuation of that phase. We took a 2-year pause, but it
certainly looks like it has restarted again.”
