Eric Sprott: Cash or gold?
November 7, 2008 Eric Sprott, financial crisis, gold In his latest essay Eric Sprott, chairman of Sprott Asset Management in Toronto, ... in places like Iceland, Brazil, and Mexico and that, Sprott believes, soon will not require a lot of argument in the United States either. Sprott’s essay is headlined “Cash or Gold?” and you can find [more...]
Date: 2008-11-07 07:04:21
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A Lap Of The Blogs
If you are new to WhereDoesAllMyMoneyGo.com, every Friday I run a post called “A Lap Of The Blogs” which provides links to articles I found ... presentations from Norm Lamarche (Front Street Capital), Eric Sprott (Sprott Asset Management), Dave Picton (Picton Mahoney) and Peter Puccetti (Goodwood). For those that remember the Sprott IPO [more...]
Date: 2008-10-03 04:16:12
The golden mystery
These must be frustrating times for gold bugs. For years they’ve been waiting for financial armageddon and now that it appears finally to have ... strange is happening. All of which doesn’t stop John Embry, chief investment strategist at Sprott Asset Management from declaring in the Oct. 17th issue of Investors Digest that the U.S. government’s “ [more...]
Date: 2008-10-23 18:01:00
Silly Canadian....Gold Isn't For Stupid Americans..............
Eric Sprott: Gold: The Go-To Asset in any Environment-- Posted Friday, 9 January 2009 Source: GoldSeek ... in the country. Managing $4.8 billion worth of hedge and mutual funds for Sprott Asset Management ... .comA 40-year, spectacularly successful veteran of the investment industry, Eric Sprott [more...]
Date: 2009-01-13 02:32:00
John Embry Says We Are Getting Close
John Embry is a real straight shooter and his take on Gold is woth watching more than once. Sprott Asset Management’s chief investment strategist, John Embry, went on Business News Network in Canada this morning and, interviewed by Amanda Lang, discussed, among other things [more...]
Date: 2008-10-22 01:06:42
Warning: COMEX May Default on December Gold
This warning comes from someone I’ve respected since I got involved in the silver/gold story in 2005, John Embry. He’s the senior analyst for Sprott Asset Management in Canada and member of the Gold Anti-trust Action Committee. If COMEX is unable to deliver physical gold and declares a “force majeure” [more...]
Date: 2008-10-22 15:25:06
September Slow Burn
If it is bothering you that the price of everything that is losing value is up and the price of everything that is increasing in value is down, Eric Sprott’s latest may help you stay grounded. The Phony Express Sprott Asset Management (Aug 2008) [more...]
Date: 2008-09-05 16:46:49
Mining bailout from the conservatives
Now that Christmas (Holiday Season if that is your style) and bailouts are synonymous, let us greet the mining bailout with happy bells ... -interest. Sprott Asset Management suggests that the government should buy up surplus metals [more...]
Date: 2008-12-15 16:29:57
Gold Backwardation: Antal Fekete
Gold Backwardation: Antal Fekete Alex Stanczyk Writes: Red Alert: Gold Backwardation!!! – Posted Friday, 5 December 2008 Antal E ... , Canberra, cancer, central bank, contract law;, Depression, Eric Sprott, federal reserve board, Gold Markets, Humpty Dumpty;, monetary metal;, New York, news media, Sprott Asset Management, Twin Towers [more...]
Date: 2008-12-06 13:13:00
GATA INTERVIEW: DECEMBER GOLD DEFAULT?
Le Metropole Members, On BNN, Embry warns of failure of December gold contract Submitted by cpowell on 05:31PM ET Tuesday, October 21, 2008. Section: Daily Dispatches 8:30p ET Tuesday, October 21, 2008 Dear Friend of GATA and Gold: Sprott Asset Management’s chief investment strategist, John Embry, went on Business News Network in Canada [more...]
Date: 2008-10-22 02:20:57
John Embry: U.S. calls tune as gold, silver plunge
12:05p ET Saturday, December 20, 2008 Dear Friend of GATA and Gold: Sprott Asset Management’s John Embry writes in detail about the gold price suppression scheme ... , Silver Plunge” and you can find it in PDF format at the Sprott Internet site here: read more Publisher [more...]
Date: 2008-12-20 17:08:37
Precious Metals - Week of 11.23.08
Mint Suspends Orders Amid Rush to Buy Bullion The Australian (22 Nov 2008) Cash or Gold? Sprott Asset Management [more...]
Date: 2008-11-25 02:00:35
Federal Reserve Boosted Total Fed Credit
When I come to my senses, I find that I am in some dingy little bar on the other side of town, stinking drunk; and the bartender has grabbed me by the front of my shirt to haul me unceremoniously halfway across the bar, and is rudely in my face, telling me through gritted teeth that if I want to stay there, I am going to have to " [more...]
Date: 2008-10-28 05:36:06
Junior gold/silver stock picks
Why phony precious metals paper prices have to give Events of the past month have left investors with terrified, sick feelings as trillions of dollars in paper wealth suddenly evaporated from world stock markets [more...]
Date: 2008-11-12 15:39:24
Four at Four: Split Market Disorder
If today is Tuesday, the Dow must have rallied 266 points. The see-saw action continued in markets, bolstered by a better-than-expected (but still dire) figure on consumer confidence levels, another decline in oil, and the shifting vagaries of short-term investors diving back into the market after Monday’s equity-market rout [more...]
Date: 2008-07-29 11:34:00
Reserved Seats for Big Credit Spenders
by The Mogambo Guru When I come to my senses, I find that I am in some dingy little bar on the other side of town, stinking drunk; and the bartender has grabbed me by the front of my shirt to haul me unceremoniously halfway across the bar, and is rudely in my face, telling me through gritted teeth that if I want to stay there, [more...]
Date: 2008-10-27 20:52:10
Happy Holidays!
This will be my last post for the week. Despite my suggestions, Christmas was not canceled this year. The markets are trading very thin at this time of the year, and trying to determine direction most likely fruitless. LOL, as if the past 9 months have offered any opportunity to determine direction. Persistence in our cause will pay-off [more...]
Date: 2008-12-23 01:11:00
Uranium to Head North of $500/pound?
Canadian Research Analyst Forecasts Severe Uranium Supply Crunch for Next 10 Years Rising Uranium Price May Consolidate Exploration Sector, Driving Intense Takeover Activity Legendary stock picker James Dines recently compared uranium stocks to the high-flying net stocks of the halcyon days of the Internet expansion era [more...]
Date: 2009-01-01 11:54:14
Gold Will Head To $1,200 When Commodity ‘Supercycle’ Resumes
The commodity “supercycle” isn’t dead, says Justice Litle. Global demand has flat-lined for now, but the fundamental story of emerging market growth has not changed. And low prices are forcing many mines to shut down operations. This means that when demand recovers, it will do so faster than new supplies can reach the market [more...]
Date: 2008-10-29 18:06:34
And Then There’s This… Friday, September 5th, 2008
Gold showed some real signs of life yesterday when London opened for trading, but shortly after 4:00 a.m ... a Singapore dealer remarking...’The market is still short of physical gold at the moment’...and another ... its strongest physical sales in the past 20 years over the last two weeks.’ "Since that covers the 1999 [more...]
Date: 2008-09-05 16:04:54
Barron’s article on gold
I like the contrarian approach of Barron’s and this is a nice article for gold bugs who are feeling long on self-pity and short on their ... in gold and the bear market in paper,” John Hathaway, portfolio manager of Tocqueville Asset Management, wrote recently. “It is more likely that this massive shakeout has set the stage for a dynamic [more...]
Date: 2008-11-01 08:52:38
WORSENING US$ FUNDAMENTALS
Jim Willie.... How many times have we seen the US stock market go down, non-government bond yields rise, the USDollar rise, and the USTBond yields fall? That has been the norm in the last few weeks. These are death signals, not investment signals. The USEconomy cannot afford liquidation and constricted credit, a well-known fact, [more...]
Date: 2008-10-23 22:42:38
Sutton's Message: Economists Who Warned Us
Sutton Yamanashi has spent quite a bit of time over the past few months seriously studying the darker side of our economic times. He's focused on people who predicted the current crisis at a time when many experts said that they did not see this coming, at least not so hard, wide, or fast [more...]
Date: 2008-11-24 01:44:00
Is It a Bad Time for Lehman to Sell Its Asset-Management Arm?
Lehman Brothers Holdings, our WSJ colleagues reported today, is shopping its investment-management unit, which includes the prized Neuberger Berman ... is looking to sell all or part of its entire asset-management unit, which includes private-equity ... , that entire asset-management unit could sell for as much as $7 billion, based on its evaluation [more...]
Date: 2008-08-19 16:05:21
Nortel faces the future
The following professors are available to talk about the latest developments at Nortel ... for Nortel as its revenues were falling quickly and asset sales were not happening. He teaches strategic management courses at Carleton University where strategic issues and questions such as those [more...]
Date: 2009-01-14 13:59:30
Terence Corcoran: The price of oil returns to 'normal'
The number of big names who hung their hats on peak oil theory is too lengthy to list By Terence Corcoran As the world price of crude oil soared up toward $150 a barrel earlier this year, even some of the most stalwart defenders of the ability of man to keep oil flowing began to lose faith [more...]
Date: 2008-12-11 01:17:00
Unbelievable values in the stock market, says Sprott CEO: Part I
Once-in-a-lifetime resource sector opportunities In this interview with The Gold Report, Sprott Resource Corp. President and CEO Kevin Bambrough—who is also Market Strategist for Sprott Asset Management Inc ... done—in this market—phenomenal things.” The Gold Report: Your website says that Sprott Resource Corp [more...]
Date: 2008-11-26 15:17:39
John Embry, Sprott Asset Management on BNN Oct 21st
BNN: People who say gold really should be doing better now than it is now becomes the justification for not buying: it is not doing what it should be doing in price so I should not be owning it. JOHN EMBRY: That is a wonderful analysis because that is exactly that they guys who are driving the price down want to create, [more...]
Date: 2008-10-26 21:34:13
And Then There’s This…Saturday, September 13th, 2008
Gold and silver didn't do much from the opening in the Far East until the London p.m. fix at 10 a.m. NY time. Then both began to rise from that point onward. Gold finished up $16.80 and silver was up 28 cents. I was underwhelmed, as the dollar finished down almost a full cent. However platinum and palladium had a stellar day.. [more...]
Date: 2008-09-14 01:57:39
“Buy When There’s Blood In The Streets”: Sprott and Altius Lead a Long List of Discounted Canadian Resource Plays
“Buy When There’s Blood In The Streets”: Sprott and Altius Lead a Long List of Discounted Canadian Resource Plays By Our Canadian Correspondent ... . But other companies truly do have an un-earmarked cash hoard alongside management teams that have a track record of creating shareholder value. A few on the big board that stand out are Sprott Resource [more...]
Date: 2008-11-20 12:10:35
Hedge Fund Link Fest
Link FestHedge Fund Link FestIn case you have been reading up on bank failures and bail outs all week and missed much of the news on the hedge fund industry here is a link fest out to many of the events which recently occurred in the industry:Citadel, TPG-Axon Stumble Toward Worst Year in Hedge-Fund SwoonBloomberg - USA19, [more...]
Date: 2008-09-26 02:00:00
Special situation: Unwinding of Sprott Molybdenum Participation Corp
#fullpost{display:inline;}A Canadian listed fund, Sprott Molybdenum Participation Corporation (TSX: MLY) ... term securities, net of liabilities....Mr. Sprott, who also heads Sprott Asset Management Inc ... potential return.The Globe & Mail has a summary of the situation:Sprott Molybdenum Participation Corp. said [more...]
Date: 2009-01-11 01:15:00
Kevin Bambrough, Sprott Resource Corp: “Unbelievable Values in the Public Markets”
Source: The Gold Report In this interview with The Gold Report, Sprott Resource Corp. President and CEO Kevin Bambrough—who is also Market Strategist for Sprott Asset Management Inc ... admits, “We’ve done—in this market—phenomenal things.” The Gold Report: Your website says that Sprott [more...]
Date: 2008-11-21 21:09:39
DrumBeat: July 23, 2008
Arctic's oil could meet world demand for 3 years WASHINGTON (Reuters) - The Arctic Circle holds an estimated 90 billion barrels of recoverable oil, enough supply to meet current world demand for almost three years, the U.S. Geological Survey forecast on Wednesday [more...]
Date: 2008-07-23 13:14:07
John Embry: 'When the Gold's All Gone, the Market Will Go Nuts' (pfblogs.org)
The Gold Report submits:John Embry is chief investment strategist at Sprott Asset Management ... and has accumulated industry experience as a portfolio management specialist since 1963. He joined SAM as Chief Investment Strategist in March 2003 with focus on the Sprott Gold and Precious Minerals [more...]
Date: 2008-09-14 08:58:49
Will Force Majeure Be the Start of Gold and Silver’s Big Upswing?
The Simpsons, Episode 4F11, Original Airdate on FOX: February 16, 1997 It seems Bart has found the right formula for making money, as many a Springfield kid is in the Simpsons basement, shelling out big bucks for the spectacular Super-Barto Jackpot Drawing [more...]
Date: 2008-10-25 11:05:49
Bearish Hedge Fund Sprott Makes Big Bets on Miners
Bearish Hedge Fund Sprott Makes Big Bets on Miners 0 By the tickerspy ... Sprott Asset Management, wielding a negative view of the global economy, saw this year as the right time to make its Toronto stock market debut. Founder Eric Sprott has been a vocal bear for quite [more...]
Date: 2008-09-03 14:34:46
And Then There’s This… Wednesday, October 22nd, 2008
The top for the gold price, in early morning Far East trading on Tuesday, ... all its own. It took off right from the Globex open in the Far East on Tuesday. Its top was in at the Hong Kong open…which is 8:30 a.m. over there. Then, it too, was taken down…particularly [more...]
Date: 2008-10-22 15:21:04
John Embry: 'When the Gold's All Gone, the Market Will Go Nuts'
John Embry is chief investment strategist at Sprott Asset Management ... and has accumulated industry experience as a portfolio management specialist since 1963. He joined SAM as Chief Investment Strategist in March 2003 with focus on the Sprott Gold and Precious Minerals [more...]
Date: 2008-09-14 07:01:05
Canada’s 12 Wise Men - The Stock Market Superstars
I read Bob Thompson’s book Stock Market Superstars over the holidays ... at each manager individually in future posts. Eric Sprott, Sprott Asset Management Frank Mersch ... , McElvaine Investment Management Allan Jacobs, Sprott Asset Management Randall Abramson, Trapeze [more...]
Date: 2009-01-06 18:10:26
And Then There’s This…Tuesday, December 2nd, 2008
Almost from the moment that trading began in the Far East on Monday morning, there was someone there to sell the gold and silver market down ... in silver, I give da boyz a 9.5/10. Any bets that it was mostly JP Morgan (NYSE:JPM)? After [more...]
Date: 2008-12-02 20:08:28
Interview with Nick Barisheff: Gold is Money
Interview with Nick Barisheff: Gold is Money by: Pierre Daillie posted on: July 27, 2008 This week we interviewed Mr. Nick Barisheff, President & CEO, Bullion Management Group, and discussed with him the importance of gold bullion. Mr. Barisheff founded Bullion Management Group Inc. in 1997 [more...]
Date: 2008-07-27 23:17:07
Sprott Gold and Precious Minerals Fund (pfblogs.org)
On August 29, 2008, the Sprott Gold and Precious Minerals Fund posted its 2008 interim management report of fund performance for the period ending ... , with a global banking crisis and a US recession triggering forced asset liquidations and a preference [more...]
Date: 2008-08-31 02:04:17
And Then There’s This…Tuesday, November 4th, 2008
Both gold and silver did what you would expect when trading opening early Monday morning in the Far East ... (or less) in Far East trading will generally do the trick. Open interest last Friday showed [more...]
Date: 2008-11-04 19:14:00
Gold, Faith and Credit
by The Mogambo Guru Like many people, I have been looking at the price disparity between the market prices of gold and silver bullion (averaging about $1,000 an ounce for gold and $16.50 an ounce for silver) versus the prices of gold and silver futures (about $730 and $8.90 respectively) [more...]
Date: 2008-10-30 20:52:53
Gold, Faith and Credit
Like many people, I have been looking at the price disparity between the market prices of gold and silver bullion (averaging about $1,000 an ounce for gold and $16.50 an ounce for silver) versus the prices of gold and silver futures (about $730 and $8.90 respectively) [more...]
Date: 2008-10-31 14:48:47
Interview: Nick Barisheff, Bullion Management Group Inc.
Nick Barisheff Exclusive Interview Nick Barisheff, President and CEO, Bullion Management Group Inc. This week we interview Mr. Nick Barisheff, President & CEO, Bullion Management Group, and discuss with him the importance of gold bullion. Mr. Barisheff founded Bullion Management Group Inc. in 1997, and is the portfolio [more...]
Date: 2008-06-18 00:48:15
Kevin Bambrough, Sprott Resource Corp.: "Unbelievable Values in the Public Markets"
Kevin Bambrough, Sprott Resource Corp.: "Unbelievable Values in the Public Markets" Source: The Gold Report 11/21/2008 In this interview with The Gold Report, Sprott Resource Corp. President and CEO Kevin Bambrough—who is also Market Strategist for Sprott Asset Management Inc. —talks [more...]
Date: 2008-11-21 23:41:42
Antal E. Fekete: There Is No Fever Like Gold Fever
December 10, 2008 Antal Fekete, gold Antal E. FeketeGold Standard University Live Here is an update on the backwardation in gold that started on ... . It is defunct because Mr. Eric Sprott of Sprott Asset [more...]
Date: 2008-12-10 20:40:09
The scheme to suppress the price of gold is increasingly a matter of ordinary public record.
The scheme to suppress the price of gold is increasingly a matter of ordinary public record ... for leasing gold — supposedly to earn a little interest on a dead asset — and admitted that gold leasing [more...]
Date: 2008-08-25 12:45:14
