Vizma Sprott ?

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Eric Sprott is the founder of a major Canadian investment companies, Sprott Securities. Then he founded Sprott Asset Management Inc.. in 2001. His skills are recognized and have been rewarded many times. In 2004, his hedge fund Sprott LP II has won the "Opportunistic Strategy Hedge Fund Award" at the Canadian Investment Awards. In 2006, Eric Sprott was awarded the Ernst & Young Entrepreneur of the Year and in 2007 he was named Fund Manager of the year.

In July 2010, he founded Sprott Physical Silver Trust, a company that sparked such enthusiasm that could total more than $ 450 million of transactions in its fundraising. But over the last week of April, when the price of silver was the highest we were able to attend a massive sale of shares of that company from the hedge fund Sprott Hdge Fund LP, Sprott Hedge Fund LP II, Sprott Asset Management LP and Eric Sprott himself. A sale of 16 million shares at an average price of about $ 21 for a total of 34 million. These shares were originally purchased $ 10. This sale was all the more remarkable that preceded the collapse of silver prices of $ 50 to about $ 40 an ounce.

The operation can not arouse suspicion, but how could he have predicted the fall in prices? That's why Eric Sprott quickly decided to clarify things by explaining that it was still attached to investments in silver metal, every dollar from the sale were reinvested in the same area. He does in fact not at all that silver prices have peaked. He remains convinced that the course will soon reach a ratio of 16 with gold. And should reach $ 100 an ounce for a price of $ 1600 per ounce.

According to his statements, the sale of these shares represents a small part of its positions in silver. It also stipulates that Sprott Asset Management has increased its holdings of money at a level not seen until today. By cons, in any of his statements, he explains clearly why the operation was carried out precisely before the collapse of silver prices.

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Eric Sprott: Gold to $ 12,000 and the potential of silver is 30 times, in 1200 dollars

Eric Sprott, President of Sprott Asset Management, a very large Canadian financial firm, presented last week to Eric King of KWN his opinion on precious metals.

Regarding gold, he said: "I think the situation is explosive. As you know Jim Sinclair remarked years ago, "when gold will exceed $ 1,764 up to 12,000 will continue." I do not exclude such a scenario. The situation could become quite explosive if people start to worry seriously about the value of their currency to start, then sovereign debt and bank deposits. The gold market is so small it would a little of the huge volumes of capital flowing to invest in gold as prices rise dramatically. "

Asked about his opinion on the upside potential money, Eric Sprott replied: "I think the money will outperform gold for the next ten years. In my opinion the gold silver ratio had dropped to 16, and I do not rule it falls to 10, it often happens that the pendulum too far. If we take the hypothesis of Jim Sinclair $ 12,000 per ounce of gold and a ratio of 10, this leads to a price of $ 1,200 for an ounce of silver, thirty times the current price. In my opinion, if people start to worry about their deposits in banks, it was around that price that we will. "

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Eric Sprott: The price of silver will reach $ 1,200 an ounce.

While the stock market plunge, gold and silver have further consolidated their recent gains. King World News interviewed the billionaire Eric Sprott, President of Sprott Asset Management to collect his thoughts. When asked about gold, Sprott says, "I think it's explosive. As you know, James Sinclair said: "When gold will exceed $ 1 764, then it will reach $ 12,000," and I do not exclude such a course. This could be even more explosive since more and more people are concerned about the currency, sovereign debt and bank deposits. "

About mining shares, "It became clear that it is the only area in which you can invest safely. Recent events demonstrate that we have seen that we are seeing a separation between the mining share prices and stock prices traditional.

August 19 was a key day. That day, the Dow fell 500 points or 600 and the HUI gold index has in turn increased by 4%. When you can outperform an index of 800 points in one day, it means that things have changed ..

We all remember that at the last stock market crash in 2008, mining shares have been hammered. Now, when markets are low, mining stocks are doing generally well. So there are many things that have recently changed the marketplace. The gold market is very, very different from the last ten years ...

The outlook for mining stocks are particularly promising right now. I think we could see a growth of 50% of mining shares by the end of the year. And of course, if the price of gold and silver explode, there could be a much higher performance (in the order of 100%) in the next eighteen months. "

When asked about the money: "As you know there are groups who have short positions on the money and they have already lost a lot of money. I think they are very active in the market and there are days when they create sudden drops in prices. But the money always goes back later. "

When asked where he sees the price of silver lie, Sprott says, "I think the money is going to outperform gold in the next ten years. If money historically trades at a ratio of 1 to 16 (1 ounce of gold buys 16 ounces of silver historically), this ratio should reach 10 to 1, because traditionally we see a correction in this ratio after long years of imbalances. Take the case of Jim Sinclair anticipating a price of gold to 12 000 dollars per ounce, according to a ratio of 1 to 10 we would get a silver prices to 1200 dollars an ounce, so 30 times per compared to the current price. The reason I think we will see money in 1200 dollars an ounce is becaufe investors fear for the safety of their bank deposits. At least I think they should be feared "

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