beach ballNotwithstanding the slight hit on this morning’s NFP, gold and silver and the shares have had a huge week. 
Is this just the beginning? 
Eric Sprott breaks down all the technical action:

Jamie DimonIf the government’s official statistics are to be believed the U.S. economy is moving full steam ahead. Consumer are spending, the job market is expanding, real estate has recovered, stocks are soaring and the U.S. dollar is stronger than it has been in a decade. But if you have yet to realize it, billionaire investor Eric Sprott says it’s all a lie. The manipulation of precious metals, coupled with the supply and demand fundamentals which Sprott says will lead to shortages over the next few years as mining companies reduce output or close up shop, will leave many investors who think their gold holdings are easily convertible to physical assets with nothing more than depreciating Yellen Bucks at exactly the moment they’ll need precious metals in their possession.

From Greg Hunter’s USAWatchdog:

On his physical gold and silver investments, Sprott says, “I don’t lose any sleep over the price of gold going down in the sense that I believe what I believe. I believe it’s been manipulated. It’s very much about currency and economics of the Keynesian scheme that we’re going to spend money, print money and it’s all going to work. It’s not working. I don’t want to wait and find out the day it falls apart because when it falls apart someday, then it will be too late. I want to be positioned beforehand. I can remember shorting stocks before March of 2000. It was a bit of a rough ride for three months, but my gosh, when it rolled over . . . you have to be a little bit early on things.  I believe the last four years have been orderly and created to be difficult. I think gold would have gone up, but they could not stand for it to go up because they were printing money. If you are printing money and gold goes up, everybody figures it out. . . . I’ve been around for a while, and I have the patience to hang in there. I have been a buyer of gold stocks, and so I am hopeful this will end up being a very, very rewarding trade.”
Sprott predicts, “There has to be a collapse. It will be WAY bigger than 2008. We had a debt problem in ‘07 and ‘08 and the debt has exploded.

sprottIn this MUST LISTEN interview, The Admiral asks what evidence do we need to see before there’s proof of a physical silver shortage, and discusses how the recent collapse/bust in copper and base metals prices will affect silver supply problems. 

sprottIn this excellent video interview, “The Admiral” Eric Sprott breaks down why a reset is closer than ever, why gold price suppression is doomed to fail, how India could shock the silver market after recently reporting a STUNNING silver number, and discusses a junior gold miner he has recently taken a “Big Position” in:

sprottThe demand numbers I’ve seen are way beyond the supply.  I think that Western central banks surreptitiously make up the missing supply and that someday they’re going to look in the cupboard and realize that it’s bare.
So far, everyone in the press is downplaying gold but I haven’t lost any conviction whatsoever.

panicEric Sprott, Bill Holter, and Greg Hunter join TruNews’ Rick Wiles for a MEGA PM Round-table interview breaking down the Greek End Game, and how the collapse is likely to play out.
Sprott explains why the US and EU cannot afford the fallout of a Greek collapse and the nation turning to Russia, and why the banking cartel must avoid a Lehman style liquidation by any means possible...
Is the biggest financial debacle in human history ALREADY UNRAVELING?
Full MUST WATCH 60 Minute MEGA Financial Roundtable With Sprott, Holter, & Hunter is below:


Rick Rule joined Doc and Eric Dubin for SD’s Weekly Metals & Markets Wrap this week.
This excellent interview with CEO Eric Sprott makes an excellent two-fer. 

During this 25+ minute interview, Wall Street for Main Street’s Jason Burack asks Eric about his expert opinion on many important topics including interest rates and financial repression, what’s really going on in the US economy, Bitgold, production costs for gold and silver miners, and a review of the fundamentals of the gold and silver market.
Eric thinks anything can be manipulated now and no major liquidations are allowed anymore.
Jason also asks Eric if he thinks China wants the SDR or if China plans to destroy the SDR from the inside?
Eric thinks China is only temporarily joining the SDR, and eventually wants the world reserve currency itself.

Sprott’s full MUST LISTEN interview is below:


This blatant market manipulation activity to me suggests there’s something worse going on behind the scenes than you and I think…All i can see is increasing volatility in the system…this is blowing a hole in derivatives. Given how intrusive derivatives are on bank balance sheets there has to be problem that they are trying to cover up
The eventual upside of silver, to me, is why all the pain is worthwhile.  As long as you are not playing with the sharks in the paper market and getting cleaned out on a regular basis and you’re using this opportunity to acquire physical silver, I think you are going to wake up in the not too distance future and be shocked at the magnitude of the price gain.
– John Embry


As Rick Rule puts it, “There are over 2,000 junior exploration companies around the world and most of them are destined to fail for geological reasons alone. The idea of investing passively in a basket of small and micro-cap companies and weighting them based on their size is problematic in the gold sector.”
Rick said this is why this new ETF is so significant.
Until now, there hasn’t been a way to own a junior gold mining ETF that favors some companies over others based on qualitative factors. “I want to own companies based on their track record of creating value, not on how big they are.”


In this MUST LISTEN interview with Future Money Trends, Eric Sprott issues a warning that PHYSICAL gold & silver are FINALLY on the verge of BREAKING the paper markets, stating: “I will be right!!” 
Full interview is below: 


“The whole precept that printing money is good…that somehow zero interest rates and negative interest rates are good, is totally fallacious…It’s so unimaginable and yet somehow the investment public has bought into it…Things are unstable here
In less than 10 years we will see physical assets backing currency. Of course, the most likely physical asset is gold.”


Following another few weeks of cascading metals and mining equity prices, Michael Kosowan, Investment Executive and Investment Advisor with Sprott Global Resource Investments and Sprott Private Wealth, was kind enough to share a few comments.
Speaking towards to the psychological challenge resource investors face in this market, Michael noted, “It’s uncomfortable swimming against the tides of uncertainty throughout these markets and the volatility that we experience…the sentiment is just abysmal…[But] therein lies the opportunity.
Reflecting on the 2000 bottom in natural resources, Michael commented that he witnessed many juniors selling For less than the cash they were holding.   Meanwhile, you were getting the mineral upside, or the mineral potential they contained—for free.” The subsequent recovery produced momentum of 10x and 12x moves on a few of [the] larger caps names,” he further added.


 Could an infectious disease kill the monster that has been choking gold and silver prices for more than a year?
On the heels of a lively Sprott Precious Metals Roundtable discussion, The Gold Report caught up with investor Eric Sprott to ask how a tragedy in Africa could impact the price of precious metals and mining stocks.
We also spoke to his Executive Vice President of Corporate Development John Ciampaglia about a new way to gain exposure to gold.


As part of our weekly webinar series, it was a distinct pleasure and honor to welcome Eric Sprott.
In this wide-ranging, 47-minute discussion, Eric offers his comments and analysis on:

  • Chinese gold demand and the continuing drawdown of the GLD.
  • Market conditions needed to facilitate an expansion of the PHYS and/or PSLV.
  • The mining stocks. Eric also offers his key metrics for evaluating miners that can make it through this current downturn.
  • What mistakes we’ve made over the past three years and how to prepare for the future.
  • The ongoing deviation of the gold: silver from historical norms.

Full MUST LISTEN interview with Eric Sprott is below: 


We are currently in the midst of the largest ever Ebola outbreak in Western Africa, and this could just be the beginning. The number of cases and deaths has risen steadily, from a handful of people in Guinea at the end of March 2014 to several thousand now, not only in Guinea, but in Liberia, Sierra Leone, recently extending to Nigeria and the Democratic Republic of Congo.
On August 16th, residents of the West Point slum in Liberia went on a “looting spree” at an Ebola clinic, taking with them mattresses, sheets and equipment that had been soiled with bodily fluids that are known to spread the disease.  Approximately 30 Ebola patients at the health center fled during the raid.  Just a few days later, authorities in Monrovia established a quarantine on all of West Point.  This area of 50,000 inhabitants has now become an incubation hub for the disease.
It appears the Ebola disaster may be nearing a tipping point, and turn into a full-blown contagion. 

Caption Contest 1

The most important factor right now is the physical shortage of gold.  The declining amounts of gold in Shanghai storage suggest we are getting close.   So I expect something to happen in the physical gold markets soon.
I probably have 70 or 80 percent of my portfolio in precious metals right now, and I believe that’s the right amount to have. Time will tell whether I’m right or not…
Since before the crash of ’00, I have thought the banking system was susceptible to pressure.  I didn’t want to have my money in a bank because I thought the banks could go broke very quickly.
Fast forward to 2008 — all the banks were essentially broke, as far as I could tell.  The Fed came in to support the banking system, which they’ve now been doing for the past six years.  And yet, there has been essentially no improvement in capital ratios at the banks and the risk of putting money there.  In fact, you now lose money when you put it in the bank because of negative real interest rates – and you still take on the risks associated with the bank.
To me, it’s just totally ludicrous to put yourself in that position when you realize how levered the banks are.
The time to get your money out of banks, & into something tangible is NOW. 


The Unlooked for Juggernaut
As many commentators point to very significant signs that the imbalance in silver’s supply and demand are reaching critical points, very few of them seem to be paying attention to a forgotten metric to watch in silver.  

It is that metric which may be about to broadside the silver market again and break it open for good: