-- Published: Thursday, 14 July 2016 | Print | Disqus
Not everybody is believing the positive spin being put on recent financial market data. In fact some would go as far as to say that it is “propaganda” being spread in the mainstream media in an election year for the US. At least that is what John Embry concluded in a recent interview.
For those that are not familiar with Embry, he is the chief investment strategist at Sprott Asset Management and Sprott Gold and Precious Minerals Fund, and a highly respected precious metals industry expert with nearly 50 years of experience.
Embry believes that, while stock markets have gone back to near record levels in the US, the fact that interest rates remain at depression levels in most industrialised countries, including the US, is telling the real economic story.
He also highlights the stellar performance of silver mining stocks as an indicator of what might be in store for the silver price.
“The absolutely spectacular performance of silver mining equities so far this year tells the real story. I firmly believe we are on the cusp of an explosion in the silver price that will ultimately see silver trade at many multiples of the current $20 price (new all-time highs). And if the hyperinflation occurs, which I believe is inevitable due to the current global monetary policy, who knows how high the price can go?”
You can read the full interview here
Gold and Silver Bullion – News and Prices
Gold steady, supported by expectations of interest rate cuts (Reuters)
Gold Declines as Investors Await Stimulus From Policy Makers (Bloomberg)
Silver back at two-year high as gold marks first gain in five sessions (MarketWatch)
Fed’s beige book finds ‘softening’ in retail sales (MarketWatch)
U.S. posts $6 billion budget surplus in June (Reuters)
Gold Finds Its Place Amid Shifting Global Risks (Bloomberg)
“Soon” And “Really, Really Crazy”: Starting Up The Helicopters (Zerohedge)
Forget plain old money printing – it’s time to get really radical (MoneyWeek)
Gold Prices (LBMA AM)
14 July: USD 1,325.705, EUR 1,192.99 & GBP 1,001.96 per ounce
13 July: USD 1,340.25, EUR 1,211.45 & GBP 1,009.74 per ounce
12 July: USD 1,352.85, EUR 1,217.84 & GBP 1,029.11 per ounce
11 July: USD 1,358.25, EUR 1,231.66 & GBP 1,059.95 per ounce
08 July: USD 1,356.10, EUR 1,224.83 & GBP 1,047.45 per ounce
07 July: USD 1,367.10, EUR 1,233.40 & GBP 1,052.80 per ounce
06 July: USD 1,370.00, EUR 1,239.71 & GBP 1,059.01 per ounce
Silver Prices (LBMA)
14 July: USD 20.25, EUR 18.23& GBP 15.15 per ounce
13 July: USD 20.29, EUR 18.31 & GBP 15.25 per ounce
12 July: USD 20.35, EUR 18.35 & GBP 15.47 per ounce
11 July: USD 20.47, EUR 18.53 & GBP 15.78 per ounce
08 July: USD 19.72, EUR 17.82 & GBP 15.20 per ounce
07 July: USD 19.95, EUR 18.00 & GBP 15.31 per ounce
06 July: USD 20.43, EUR 18.46 & GBP 15.75 per ounce
http://www.goldcore.com/us/
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-- Published: Thursday, 14 July 2016 | E-Mail | Print | Source: GoldSeek.com