We have continued to warn that a 'final capitulation' casts its dark shadow over this tiny sector of the market and tried to trade this view accordingly. This has been extremely difficult as the rallies have been short lived as any traction they had soon petered out with gold, silver and the producers heading south.
Its thanks to Judy, one of our readers for giving us the heads up regarding this interview which was found on 'Ed Steer's Gold and Silver Daily report'
Number one Barrick Gold's output drops in 2014, but fellow Canadian firm Agnico Eagle adds 30% to production ounces.
The last two times Crispin Odey, billionaire hedge fund owner and manager of Odey Asset Management spoke, he handed out extra generous portions of fire and brimstone, saying that in due course "equities will be devastated" and that the looming recession will be "remembered for 100 years."
While the bulk of Odey's warnings are very familiar to all regular readers, here is the punchline:
Hugo Salinas Price
This interview is well worth listening to in our very humble opinion.
In this exclusive interview, Hugo Salinas Price share his views on precious metals, provides some historical background on gold and silver money, the manipulation of the precious metals markets, the inevitable collapse of the fiat money, and more…