Rememebr why.......there are those who wish to scare the beejeezuz out of anyone they can by fraudulent naked shorting and shorting. Why?
The following interview not only applies to gold and silver and their stocks, but also to junior commodity shares. RGX would be a perfect example. Hence we see the ubiquitous attacks by paid detractors such as BIGM and alias’s and friends, employed by those massive short (remember, naked shorting is huge and cannot be tracked) these stocks. Quote:
“The reason the government sponsors the shorting is to keep the shares down because they know they are going to have to print so much money and they have to keep up appearances…
They have to maintain this myth that there is no inflation and gold and silver are not signaling anything bad on that front. (or copper or oil or ….any hard commodity such as even Titanium)
… you have cheap mining shares, massive short positions, the sector is under-owned in a huge way and the sector is extremely small compared to all the other financial assets out there.
It’s all going to come together in a perfect confluence of events with a huge flow of capital. That’s what will drive the prices of the mining shares to levels that investors today would find unimaginable.”
Full Interview:
King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management…
there has been a wall of paper selling that’s keeping silver trading below $35, and silver has been subject to a couple of vicious attacks recently. …
When asked about the mining shares, Embry stated, “There is still a lot of shorting activity in these things. I follow a guy who watches the trading daily on the precious metals stocks and he points out enormous amounts of shorting.
There have only been a couple of other times when the shares have been this cheap historically. Anybody who is shorting these things with what’s coming in the gold price, they don’t have a profit maximizing motive....
“These shares will go crazy to the upside when this thing breaks away in gold and silver over the next few months.
The reason the government sponsors the shorting is to keep the shares down because they know they are going to have to print so much money and they have to keep up appearances. They have to maintain this myth that there is no inflation and gold and silver are not signaling anything bad on that front.
… you have cheap mining shares, massive short positions, the sector is under-owned in a huge way and the sector is extremely small compared to all the other financial assets out there.
It’s all going to come together in a perfect confluence of events with a huge flow of capital. That’s what will drive the prices of the mining shares to levels that investors today would find unimaginable.”