Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Gold-prices.biz portfolio Update 17 September 2009 | Main | Gold at $1006.50, where’s $1033? »
Tuesday
Sep152009

Gold Going to $1500 – John Embry

John Embry of Sprott Asset Management.JPG


Gold going to $1500/oz, the opening statement as BNN talks gold with John Embry, chief investment strategist, Sprott Asset Management and in our humble opinion it is well worth your time to watch this clip, click here.

In Johns commentary he says that the silver fundamentals are better then those of gold and he expects silver to do better then gold despite being an avid gold bug. He also expresses some surprise at the amount of time Barrick Gold Corporation have taken to close their hedge book of nine million ounces of gold.

G20 are due to meet shortly so its not in their interest to have gold making extraordinary gains before the meeting as they will be telling the world that they have everything under control. Should gold move sharply higher then this could be embarrassing for them. It will be interesting to observe golds performance before the meeting and its performance after the meeting.

The meeting of the Group of 20 (G20) is planned to take place in the US city of Pittsburgh, which is scheduled for 24th and 25th September 2009.

As we write gold has just closed in New York at $1007.20 and silver has closed at $17.01, with green on the screens everywhere and the HUI up 12.67 to 432.34 you have good reason to smile so make it a big one!


The second half of this clip is an interview with Yale Simpson, executive chairman, Exeter Resource Corporation who have recently announced an incredibly large gold discovery, which you may also find interesting.

Have a sparkling day.

Your thoughts are of course most welcome, so please fire them in.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address.

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector that is currently coming back to life, you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (2)

Really great to hear/read such great news of late...

They'll need to be serving up Humble Pie at the big banquet at the G20...but...they're not big pie eaters the lot...

Scott

September 16, 2009 | Unregistered CommenterSnakeman

Scott,

Pies and champagne - nop, just cant see it

September 16, 2009 | Unregistered CommenterGold Prices

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>