OTCQX:BGMZF - Post by User
Comment by
yaponskion Oct 23, 2013 9:05pm
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Post# 21843356
RE:RE:RE:Very Interesting Sprott Letter
RE:RE:RE:Very Interesting Sprott Letter
SiLd, I merely quote from Sprott's own writing. For example,
As fundamental investors, we always pay special attention to the supply and demand dynamics of gold and, recently, we have found it very difficult to reconcile lower prices with continued strong demand for physical gold.
https://www.sprott.com/markets-at-a-glance/do-western-central-banks-have-any-gold-left-part-ii/
And I am sure many of the silver producers remember getting a letter from Sprott telling them to not sell silver when silver fell back to the high 30s after reaching a peak. Sprott's advise was to hold off selling... well, with silver now $22 and change, I can image the write downs some very POd silver producers are taking.... probably wishing Sprott never invested in their company either... :)
Just saying. Sprott works in the real market and makes mistakes... Sprott hasn't mentioned his letter to silver producers recently... I guess he just wants to forget that little ditty....