Veteran gold industry strategist John Embry of Sprott Asset Management predicts the gold price will double within 12 months. He also says gold stocks are the best buying opportunity he’s ever seen in his life.
This is another very bold prediction from the Sprott Group, but gold and the miners have started the year brightly. We would like to see gold gold at least form a higher high and put in a decent rally before we turn positive on this tint sector of the market.
To watch this video please click this link. for part1
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.
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