With the mainstream media celebrating new highs on the S&P and the Dow, and gold and silver trashed for a second day, billionaire Eric Sprott told King World News that it’s the stock market that is going to crash, not gold. Below is what Sprott, who is Chairman of Sprott Asset Management, had to say in Part II of a remarkable series of interviews that will be released today.
Eric King: ‘Eric, we are in the midst of this smash in gold and silver, and we have the stock market and the dollar doing what they are doing. What do you expect for the rest of this year, once the dust settles?”
“Well, God knows when the dust settles, but what I’ve expected for a long time now is that the basic fundamentals for gold and silver will win the day. That hasn’t happened yet. It hasn’t happened because entities have financial weapons that they can use on these commodity exchanges and the physical buying hasn’t gotten to a point where we have the failure (of an exchange to deliver)…. The Rest…HERE<<
washpost.bloomberg.com/Story?docId=1376... Bloomberg L.P.Eshe NelsonNov 01, 2014 3:00 am ET. Nov. 1 (Bloomberg) -- The pound fell for a second week versus the dollar, dropping for a fourth month, as traders pushed ...
Kitco Nov 1 2014 4:31AM ... 3, Pound Declines for Second Week Amid Slowing Economic Momentum ... 12, Gold, silver sink to 2010 lows on rocketing dollar. CNBC.
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