You can read his thoughts about Silver & Gold on the King World News site
or read the out line below, or listen to the interview here.
With continued volatility in both the gold and silver markets, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked about the action in gold and what he is doing with his own money Embry replied,
“I’ve been buying gold shares, I mean this is no different than the smash that we had a couple weeks ago when they (the cartel) took it from $1,900 to $1,700. One of the reasons for the takedown is they know what’s coming. You’ve got the Fed meeting on the 20th and 21st but they are not going to solve anything. It’s the same suspects doing the same games and it will end the same way.”
When asked about silver specifically Embry replied, “The noted bullion bank, and we all know who it is, has an enormous short position (in silver), which can never be covered with real metal. They are moving heaven and earth to try to prevent the inevitable price rise. They will be overcome and the price will go berserk as a result of that. So once it clears $50, which I suspect it will do in the not too distant future, it’s onward and upward.”
When asked about the mining shares Embry stated, “It’s like a coiled spring, they are getting ready to explode and I couldn’t be more bullish on gold stocks and silver stocks.”
Read more at King World News.....
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