RE:Eric Sprott: "Back in the Saddle Again"BlindBoy wrote: Following an extended period of absense from public interviews, due to family health concerns, Eric finally returned to Sprott Money "Eric's Weekly WrapUp with Craig Hemke" today.
* The first 11-1/2 minutes are talking about non-market stuff (Covid/Vaccines/Fraud/etc)
* ~ 11:40 He begins to discuss Silver & Gold / Fed manipulation
* ~ 15:20 Talks about Basel III / unsure of the underlying BIS motivation for implementation, but has heard that China & Russia might have pressured the BIS with threats to set up their own gold standards.
** Thinks recent hits on PMs may have been to PUSH the STOP LOSSES (edit: that's
always been a common strategy by market makers & specialists) TO COVER SHORT
POSITIONS.
* ~ 18:17 The subject of the discussion moves on to "NEW SPROTTLAND" (as Craig
Hemke playfully suggests might be a nice name for that island province off to the far east of
the rest of the Great White North.
** Eric credits Dennis Laviolette showing him a 2019 NFG drill core as being his initial
reason to jump to attention, and figured he should buy into the Private Company.
** He also credits some articles from Ian Honsperger (Geological Survey of Canada) for
background information on the geology of the region.
** He credits Sean Ryan for his boots on the ground staking approach for bringing attention
to the region
** Of course, he credits Quentin Hennigh, who was also a major influence on Eric's earlier
romance with Fosterville
** He stresses that they are all looking for many deposits !
** They believe that this could be like the early days of mining in Timmins in 1918 !
** He talks about Sokoman, and Labrador Gold .
** He stresses that there are 6 major faults !!!
** He believes that these are the early days !!!
** He states: " this is fun !!! "
** He mentions a number of the other companies in the region that he also owns.
** He stresses that he is not a short term "trader".
** If their geological concepts are being met with positive results in the field, his own trading
strategy is to PRESS the BET !!!
** At this time, they are all wondering, "how BIG can it GET ??? "
https://www.youtube.com/watch?v=SA9TNJOkBRI
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Thanks for posting BB.
I just listened and some key points I noted:
- Sprott view on Newfoundland plays is "oppurtunity of a lifetime similar to Fosterville"
- NFG hole 25M x 146gpt =m x g of 3650 = which is higher than anything at Fosterville is very "telling"
- folks like QH and I believe the Goldspot CEO said NFG is not looking for a deposit but looking for MANY DEPOSITS
- Sprott says he tends to believe what some are saying that Newfoundland is like Timmons in 1918
- Mentioned Sokoman and said they have had crazy crazy good
- 'were just getting into it now" and says he is very excited about it
- {I am paraphrasing} Eric said if things are going well, you press your bets which is why he continued to buy right up to $12 bucks
Great listening
GLTA
BC