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Long a buy and hold investor, I now believe that buy and hold has to be re-evaluated in a world of ever increasing, instant information and huge gyrations in markets all over the world. A value investor at heart, I anchor my portfolio with conservative funds and blue chip dividend stocks, but... More
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  • Manipulation In The Gold And Silver Markets 0 comments
    Apr 10, 2013 11:19 AM | about stocks: GOLD

    The Chief Strategist at Sprott Asset Management, John Embrey, sees a huge jump in gold and silver prices by year end 2013-See interview at BNN->

    It is refreshing to see someone in the know, actually lay out the reasons why and how there is so much manipulation in the gold and silver markets.

    I have repeatedly spouted the benefits of owning Physical gold and silver as part of your overall portfolio, and Mr. Embrey explains very well, why I and many others now feel strongly that this is something that can no longer be overlooked.

    It seems that, selling off and shorting paper gold instruments and ETF's like the GLD, while quietly purchasing physical gold, has been a strategy of late for wealthy, "in the know" people. I and others have railed against this for awhile now. I do not trust "anything" coming out of J.P. Morgan or Goldman Sachs on the price of gold, in particular, any negative scenario. They hold too much sway in those markets and profit immensely from manipulations in the paper gold trade.

    What they cannot control is the physical gold and silver trade. Smart people who know this, are taking action all over the world now, as every country deminishes it's own fiat currency. Debt is the catalyst and it cannot be wished away by more debt.

    You should listen closely to this interview and make your own conclusions.....

    Disclosure: I am long GOLD, OTC:SGRCF, BRD.

    Additional disclosure: I am long physical gold and silver. I own penny stocks (miners) of gold, silver, platinum, lithium, graphite and copper

    Stocks: GOLD
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