Eric Sprott: Here’s When The Gold Price Will Begin Climbing Again

Eric breaks-down the current state of the global economy to forecast when gold will begin climbing in price again. Here’s the details…

Eric Sprott interviewed on Palisade Radio

Eric agrees that the average gold investor likely feels rather depressed. However, behind the scenes, there is a lot of activity. Kirkland was up 150% last year, and Novo has good performance. He feels we are still in the beginnings of a bull market for several reasons. Real economic recovery is lacking as low-interest rates and money printing continues. The second half of 2018 should be better than the first.

Commodity prices are looking good across many assets like copper, lead, and zinc. Many exciting things are going on in the commodity space. Lithium, nickel, and vanadium are all also doing quite well.

Much of the speculative investment in cryptocurrencies has now moved away from that sector. A decline in the economy and stock market could happen soon. Those two things will be critical to watch as a drop should get people thinking about gold and silver.

Eric likes the recent bulk sample results from Novo Resources. Marindi metals have found fine gold and recently nuggets. Marindi feels that the basin-wide theory is correct and that could mean a 250km by 250km with the potential for multiples of tens of millions of ounces.

Kirkland is doing very well regarding earnings and their stock still seems cheap compared to other companies. He discusses the mines and production details that they are working on.

It takes work to find the opportunities, and you have to be on the hunt for them. Your fortunes can change quickly in the natural resource sector. When things turn good, the stock prices often change fast. If you don’t have time to look, you need to invest with someone that can do that for you.