Friday, April 26, 2013

Sprott - Historic Panic Bottom Ushers In New Gold Bull Market

"Eric King:  “We had this unbelievable smash in gold, in silver.  We’ve come off the lows here, but your thoughts on that whole experience and what people had to endure here.”
Sprott:  “In my mind it was quite bizarre.  I put it down to one of two things:  Either central bank manipulation, which I would fully understand why they would do it, or some technical technical breakdown in the derivatives market which might have caused it.

I would prefer that it’s central bank manipulation because I know that it’s not going to work.  But the fact is that I think we’ve had a historic panic bottom here...."
 

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