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Before we end the year we will hit new highs in both [gold and silver]. Then the
mining stocks [will] react. The big problem has been [to date has been that] there is not this momentum in the prices of bullion, which is keeping people away from the gold stocks. If we can get the price of gold and silver going back up, I’m sure people will come back into the mining stocks.
So says Eric Sprott in edited excerpts from a King World News interview, as provided by Lorimer wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in its entirety in any re-posting to avoid copyright infringement.
In the interview Sprott goes on to say:
I think the HUI Index might have been at this level when the price of gold was $850. Here we are at $1670 and the HUI is where it is. Obviously the multiples have contracted markedly.
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Sprott’s interview can be read in its entirety here or you can listen to it by CLICKING HERE.
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