Nomi Prins: Oil Loans And QE - Gold Will Increase Gradually In 2015.

Jan. 23, 2015 10:17 AM ETTRRXF, MUX, GDX, NEM, GLD, SLV, RGLD, AUY, WPM, FCX, RIO, BHP, TECK, VALE, SSRI, PAAS, NG, KGC, EGO, GDXJ, FXI, CU, BVN, PPP, GORO, ASM, HL, AEM, CDE, IAG, HDB, PKX, MT, X, NUE, SCCO, AZC, LIWA, KGHPF, AAUKF, GLCNF
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Contributor Since 2014

Founder of International Lithium Corp. and Chairman and CEO at TNR Gold Corp. MBA. 

International Lithium Corp. (“ILC”) a “Clean Tech” lithium resource developer with a global portfolio of lithium assets. 


ILC currently holds highly prospective projects in the most prolific areas of the world for lithium and rare metals. International Lithium Corp. has recently reinforced its relationship with strategic partner Jiangxi Ganfeng Lithium Co Ltd, from China, through an increased equity stake of 18.1% to further advance the core ILC projects.


International Lithium Corp. trades under symbol ILC: TSXV. 


TNR Gold is Green Energy Metals Royalty Company with holdings in Lithium, Copper and Gold.


TNR Gold holds the strategic stake in International Lithium with its strategic partner Ganfeng Lithium and Royalty on Mariana lithium project in Argentina.


Los Azules Copper project: 


One of the world's largest undeveloped copper deposits to which TNR holds a 0.36% Net Smelter Return (NSR). Located on the Andean copper belt, host to some of the world’s largest copper mines. McEwen Mining Inc. is the owner and operator.


Shotgun Gold Project, Alaska:


90% TNR Gold Corp. owned porphyry style gold mineralized system that is being targeted for a bulk mineable gold resource. Approximately 190km south of the Donlin Creek deposits.


TNR gold Corp. trades under symbol TNR: TSXV.

Video: Nomi Prins: Oil Loans And QE - Gold Will Increase Gradually in 2015.

This coming financial shock with bad loans after the Oil Crash can be even of a larger magnitude than the subprime mortgage crisis in 2008. Gold market is finally allowed to reflect at least the possibility of this increased risk in the financial system.

"Former top Goldman Sachs banker Nomi Prins is bullish on gold, but you're going to have to be patient. Prins contends, "This shift to the dollar going down, I think, will be more gradual. For the same reason the dollar stays strong is the same reason gold has done okay very recently but hasn't had this major outbreak. . . . Gold will increase this year--also gradually for the same reason the dollar will not dump but could decrease gradually as QE and all these maneuvers play out. I don't really think this is going to be that breakout year. The markets are going to go down because of the end of all this artificial aid, but we also have been underestimating the aid that gets continually dumped into the markets and into these banks. That's where the timing is critical to look at. . . . There's going to be a negative market. There's going to be a downward impact on the markets. There's going to be an upward impact on gold. All of that will happen. It's just not going to be as huge this year. It's going to be a more gradual working into that this year."

Connecting The Dots: China, Gold and Swiss Shock - 61t of Gold Withdrawn From SGE Vaults In 1 Week.

Disclosure: The author is long TRRXF, MUX.

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