He shares his outlook on the precious metals sector.
News that gold was higher by 16% in the first quarter unnerved the central bank cartel, sending shockwaves through their ranks.
US equities appear wildly overvalued, despite constant support from government officials.
He cautions investors on US stocks - new purchases may not be warranted. Nevertheless, the PMs equities indexes HUI / XAU remain robust.
The PMs shares tend to lead the underlying PMs higher.
While the 80% advance in the HUI may seem excessive, the covering of billions of 'naked' shares, could support higher prices.
The retail market may not have even begun to dip its collective toe into the proverbial marketplace, which could extend the impressive rally.
While gold is destined for a several fold price explosion in the coming years, silver represents the best bargain.
The gold : silver ratio could easily drop from 80:1 to 20:1 sending silver to $60 per ounce without any change in the gold price. John Embry insists that
Chris welcomes back, John Embry, Senior Strategist at Sprott Asset Management, - he shares his outlook on the precious metals sector. News that gold was higher by 16% in the first quarter unnerved the central bank cartel, sending shockwaves through their ranks. On the contrary, US equities appear wildly overvalued, despite constant support from government officials. He cautions investors on US stocks - new purchases may not be warranted. Nevertheless, the PMs equities indexes HUI / XAU remain robust; the PMs shares tend to lead the underlying PMs higher. While the 80% advance in the HUI may seem excessive, the covering of billions of 'naked' shares, shares created out of thin air by big institutions, could support higher prices. The retail market may not have even begun to dip its collective toe into the proverbial marketplace, which could extend the impressive rally over the course of the next few years. While gold is destined for a several fold price explosion in the coming years, silver represents the best bargain. The gold : silver ratio could easily drop from 80:1 to 20:1 sending silver to $60 per ounce without any change in the gold price.
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