With the end of another wild week of trading in global markets coming to a close, today billionaire Eric Sprott stunned King World News when he said he was looking to file suit against banks which have manipulated the gold market. The Canadian billionaire also told KWN what the fair price of gold would be today without the bank manipulation and the price will surprise KWN readers around the world. Below is what Sprott, Chairman of Sprott Asset Management, had to say in Part I of a remarkable series of interviews that will be released today.
Eric Sprott: “I think it’s very important that your listeners (and readers) understand exactly the chronology and the depth of the investigation into the manipulation that’s gone on (in the gold market). It got a bit of a head of steam when the German regulator came out and said that they were going to investigate the LBMA....
To continue reading the Eric Sprott interview please click here.
In September 2011 the Gold Bugs index, the HUI stood at 630 as gold prices peaked, since then both have trended lower with the HUI losing about 65% of its value. The bottom has been called a number of times and after such a dramatic decline its difficult not to think that we are there now. However, as we all know the timing of any investment is crucial to its success and that is exactly what we are trying to do here, trying to pick advantageous entry and exit points. If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.
Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.