InvestorMind

Today John Embry told King World News, “This situation is unprecedented. The world has never, ever been in a condition like this.” Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also told KWN, “anyone that is complacent will be shocked at the chaos that is heading our way.” Here is what Embry had to say about the situation: “I think we’re in an extraordinary place. It’s becoming obvious that Europe is imploding, and the powers that be really don’t have any solutions. I’m very worried about China. Lawrence Summers recently said China may have a year in which it only grows 7% in the next decade.” John Embry continues: “I would view that as a positive if they only had one year where they grow 7% because I really think China is going to regress as well. We’ve talked about the situation in the US. I don’t believe the US economy is going anywhere, despite the enormous fiscal and monetary stimulus. As a result, the markets are start...

Morgan Poliquin, CEO of Almaden Minerals, gives a presentation on the Prospector Model in the Casey Pavilion at the Cambridge House Investment Conference in Vancouver, BC. The CEO of Almaden Minerals explains why resource exploration "is where it's at… the big game," and why mining has become so profitable in recent years.

Jordan Roy-Byrne, CMT All bull markets have to endure a plethora of corrections and all bull markets have to endure a handful of major corrections. The gold stocks are no different. In fact, due to nature of the mining business and the high-beta status of these stocks, it is very easy for investors to forget that they (the gold stocks) are in a real structural bull market. Corrections and crashes are commonplace and yes, even in a bull market. Yet in 2011 the gold equities did not crash. They merely digested and consolidated the massive recovery gains from 2009 and 2010. This persistent consolidation has left many scared, frustrated and distrustful of the sector at precisely the wrong time. Gold stocks have quietly completed a major bottom, their first since 2008. There are several strong reasons why we believe the gold stocks have completed a major bottom. As we discussed in our last article, the bullish percent index (number of stocks on a point and figure chart buy s...

By: Eric Sprott and David Baker As we approach the end of 2011, the silver spot price has admittedly endured a tougher road than we would have expected. And let’s be honest – what investment firm on earth has pounded the table on silver harder than we have? After the orchestrated silver sell-off in May 2011 (please see June 2011 MAAG article entitled, "Caveat Venditor"), silver promptly rose back to US$40/oz where it consolidated nicely, only to drop back below US$30 within a two week span in late September. 1 The September sell-off was partly due to the market’s disappointment over Bernanke’s Operation Twist, which sounded interesting but didn’t involve any real money printing. Like the May sell-off before it, however, it was also exacerbated by a seemingly needless 21% margin rate hike by the CME on September 23rd, followed by a 20% margin hike by the Shanghai Gold Exchange – the CME’s counterpart in China, three days later. The paper markets still dictate th...