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:

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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:

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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

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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.”

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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: 

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“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.”

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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.

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 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.

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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: 

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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. 

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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. 

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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:

Besides what the Fed is doing by printing money, there is another big threat to the dollar, warns Alasdair Macleod. Countries in Asia are banding together in order to rid themselves of using the dollar in international trade.

There is a thing called the Shanghai Cooperation Organization, an agreement principally between China and Russia, whereby they tie up the whole of Asia as their backyard.   Other members are the countries north of Tibet, Tajikistan, Kyrgyzstan, Uzbekistan, and so on.
In or soon after September, four new members will join – India, Pakistan, Iran, and Mongolia.  That’s almost half the world’s population. The objective of the SCO is basically to settle international trades between these countries without using the dollar.

It’s not just members of the SCO, either, that could eschew the dollar.  The Middle East, for example, now principally sends exports to China and India, so there’s no pressing reason to use the dollar there.
If they succeed, the whole Asian continent, at some point in the future, will be off the dollar
They’ll use their own currencies, gold, or something else.  That’s a very big change, and I don’t think people fully appreciate what that means for the dollar.”

For those unable to make the trip to Vancouver last weekend for the Sprott Natural Resource Symposium, you won’t want to miss the summary and recap of keynote speakers from the event, including Rick Rule, Adrian Day, & reclusive billionaire Robert Friedland.
Full recap of the Sprott Natural Resource Symposium from Vancouver is below: 

sprottI just think that the COMEX data is corrupted.  It’s very hard to make any sense of it all. The fact that there’s no deliveries from the dealers is incredible. You’d think there’d be some change in the inventory. I don’t care whether it’s up or down, but at least you’d think there’d be some change.”  -Eric Sprott

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SilvaSprott’s Tekoa Da Silva joins The Doc & Eric Dubin on this week’s Metals & Markets from the Sprott Natural Resource Symposium in Vancouver discussing:

  • PM futures roller coaster: metals smashed under $1300 and $21 ahead of options expiration, but close week with a strong Friday afternoon rally- is the take-down over?
  • Tekoa discusses his journey from PM journalist and pod-caster to Investment Executive at Sprott Global– what he’s learned from the brilliant minds there including Sprott, Rick Rule, and John Embry, and how SD listeners can apply lessons he’s learned at Sprott to their investing
  • With the BRICS announcing the $100 billion central banking alternative to the West, Tekoa discusses the death of the US & the dollar as occurring gradually so as not to alarm the boiling lobster: “At some point the lobster will pass away, and be eaten by outside groups!
  • Tekoa reveals how he was able to get the  ECB’s Mario Draghi to admit central banks’ gold leasing has been unsuccessful 
  • From the stunning “Castle in the City” in Vancouver, Tekoa gives an inside update on the Sprott Natural Resource Symposium, and reveals how excited the Sprott team is about the next major bull upleg in the PM and natural resource sector. 

The SD Weekly Metals & Markets With Tekoa Da Silva from the Sprott Natural Resource Symposium in Vancouver is below: 

sprottThere is clearly no recovery…
If one looks past headline figures, things are not really getting better.   Real disposable income per capita in the U.S. has increased only modestly since the Great Recession. However, all of this increase is due to Government Transfers, not from an improvement in the real economy. If we exclude those transfers from the numbers, disposable income per capita is actually lower than it was at the end of 2005 and has been painfully flat since 2011. Also, those numbers assume that the headline Consumer Price Index (CPI) accurately represents people’s purchasing power.

In this Markets at a Glance, we investigate the U.S. consumer and show that for a large portion of the population, things are not anywhere close to being better, in fact they are worse than before the recession.

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hyperinflationSprott Global Resources Chairman Rick Rule joins The Doc & Eric Dubin this week to discuss: 

  • Platinum & palladium- is the run over, or is the real move to the upside yet to come? 
  • Rick discusses the “ugly set of circumstances” facing mining in South Africa, and the implications on the supply side for gold, silver, platinum, and palladium over the next few years
  • Why water will be the investment story of the next decade
  • Rule discusses the pernicious devaluation of the dollar over the past 30 years, and predicts that the impact of the shift in global trade settlement & savings from dollars even slightly (1%) into gold will result in a 100% move in the valuation of gold. 
  • Rick also provides his outlook for precious metals in the face of continued manipulation, and states: “In my 30 years of experience in the markets, I’ve seen alot of manipulations, and the markets always, ALWAYS win.”

The MUST LISTEN SD Weekly Metals & Markets with Sprott Global Resources Chairman Rick Rule is below: