Today one of the wealthiest people in the financial world told King World News that demand for gold coming out of Asia is extremely robust. Rick Rule, who is business partners with Eric Sprott, also discussed why he is so incredibly bullish on gold and silver.
“The Matterhorn London Interviews – Aug 2014: Ambrose Evans-Pritchard”
“Ironically, America has never been as powerful financially as it is now”
In this first of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars met up with Ambrose Evan-Pritchard to discuss geo-politcal tensions in the world, China’s challenges, threats to the global economy and the expectations for gold.
Just a month ago, Germany's powerful business lobby threw its weight behind tougher sanctions against Russia (dropping its previous objections). It appears they are now regretting that decision. As The Federation of German Industry (BDI) reports today, exports to Russia in H1 2014 dropped 15.5% from 2013 and "may drop by as much as 25% - posing a risk to 50,000 German jobs." We are sure, as Zee Germans look across the pond at the S&P 500 hitting record highs, BDI's conviction that Russia's action must face significant consequences may just fall apart again.
In the not-too-distant-past, Fed watchers had to divine U.S. central bank strategy from a trickle of information.
No longer. And on Friday, there will be a firehose of Fed speakers for the markets to digest.
Those familiar with this column are well aware of how very much it venerates what’s known as “Austrian” economic thinking, or the Austrian School. Books by Ludwig von Mises are always nearby, and then for one to Google “John Tamny” and “Ludwig von Mises” is to see how frequently he’s referenced, or directly quoted. Without presuming to define what is or who is “Austrian” from an economic perspective, von Mises’s thinking has been hugely influential.
Though Rick was up in Toronto this week for board meetings,
we connected for a quick call on investment strategy.
Are you still keepingthe powder dry for private placements?
Yes, I am. You can make good money in after-market securities, but extraordinary money is made by funding exploration success in private placements where you also obtain warrants. Although we believe a rising tide will float all ships, we are particularly attracted to private placement propositions that add a warrant into the investment mix.
Do you think that the companies are going to come around to our terms?
Today a man who has been involved in the financial markets for 50 years told King World News that the silver markets is now set for a historic surge. Below is what John Embry, who is business partners with billionaire Eric Sprott, had to say in this powerful interview.
Italy has entered that phase of zero-point growth. Italy’s people have been beaten by Europe and no longer expect recovery. But then, yesterday, the Statistical Office of the economic data for the second quarter of 2014 released economic numbers that froze a dumb look even on the faces of the hardcore pessimists. For the second time this year, Italy experienced a slump of its gross domestic product by 0.3% year on year. The economic data is so bad to the point it has not been seen for 14 years, that everyone no matter what side of the political fence is whispering or shouting the same world – “Recession!”
“A significant portion of the global exploration budget is directed at West Africa today1, so Sprott is putting a lot of its focus on this area.” Andy Jackson, Chief Geologist at Sprott Global Resource Investments Ltd., helps our team hunt down opportunities in natural resources. Initially from Zimbabwe, he has extensive experience with exploration around the world, including Africa.
What do investors need to understand about opportunities in West Africa?
Gold has declined slightly, from around $1,320 to $1,300, in the last few weeks. Rick commentedthat this was normal for a recovery in resource stocks. You expect gradual rises and subsequent consolidations. Today, he lays out his three big drivers for a recovery in the ‘junior’ resource stocks.
Rick, are we still on our way towards a recovery? What catalysts might take the market higher?