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« 5 Silver ETFs at a Glance | Main | Stock Trader Update 07 February 2014 »

Silver to 100 Dollars within ‘Reasonable Timeframe:’ John Embry

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I interviewed Sprott’s John Embry a few weeks ago. John believes gold and silver will move big as weakness in the economy and financial system comes to light. I got on the phone with Mr. Embry for a follow-up on his ideas and predictions…

Hello again John. The last time we talked, you said gold and silver were at ‘historic undervaluation.’ What’s on your mind now?  

Well, my main concern today is that the economy is really much worse than most people are prepared to admit. And this will have significant ramifications on various markets. Obviously, the one market we are particularly interested in is gold and silver. Both of them, as I said before, are considerably undervalued. They are under-owned too. I still think that the fundamentals look better than ever. And I still think there is an explosive move coming in 2014.

Of course, be careful what you wish for because this is suggesting an economic event with some very negative societal impacts. With the amount of leverage that exists in the financial system today, a heroic upwards charge of the precious metals would expose the policies of zero-based interest rates as an utter fraud. If interest rates rose sharply as a result, it would bring the banking system to its knees. That would have a very negative impact on society as a whole.

A lot of it has to do with the law of unintended consequences. The heavy-handed actions of the Feds in the financial system will likely lead to negative unforeseen consequences.

As an analyst, I look at the current situation and try to figure out what might happen, but that does not mean I want it to happen.

What about the headlines we are seeing these days? Any indications of what’s to come?

To continue reading this interview please click here.

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 atStock Trader our premium investment service.

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