Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Have You Overlooked Comprehending This Piece of the US Economic Puzzle? | Main | The New Economic Collapse Video: It makes uncomfortable but urgent viewing. »
Monday
Jul302012

John Embry - Gold To Explode, But Europe Is In Terminal Condition

 

Today John Embry told King World News, “... the sentiment backdrop is perfect for an explosion in both the gold and silver price.” Embry also cautioned, “... the economy is eroding everywhere in the world, but particularly in the United States ... (and) there is only one solution to keep the game going, and that is to create as much money as is necessary to keep the system afloat.” 

Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, discussed gold, silver and the mining shares, but first, here is what Embry had to say about the ongoing crisis in Europe:  “This European situation is in some sort of terminal condition.  You have Draghi, head of the ECB, coming out late last week and essentially saying that the ECB will do anything to preserve the euro.  But I don’t think the Germans are behind this move.”

John Embry continues:

All of the sudden you hear that the Germans are not too happy with this idea that the ECB is going to purchase sovereign debt, in an effort to bring down the rates in Italy and Spain.  At the same time some senior guy in the German establishment said, last week, ‘Greece cannot be saved.  That it is simple mathematics.’  Now I happen to agree with that, so I think he’s telling the truth. 

What you see, on the flip side of that, is there has been this constant misinformation coming out of key entities in Europe....

Continue reading the John Embry interview please click here.

Have a good one!

Regarding www.skoptionstrading.com. We recently closed a trade involving the S&P which generated a profit of 25.61% and was opened just 8 days ago, the charts and stats have now been updated.

Our trading success rate is 91.00%

91 profitable trades out of 100.

Our model portfolio is up 455.14% since inception

An annualized return of 81.15%


Our annual performance figures are as follows:

2009 We made a profit of 23.89%

2010 We made a profit of 158.66%

2011 We made a profit of 40.95%

In 2011 we outperformed:

S&P by 42%

HUI by 53%

Gold by 31%

Silver by 41%

The 2011 Annual Report by be accessed via this link.

Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. Winners of the GoldDrivers Stock Picking Competition 2007  

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address. 

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>