Sprott – Historic Panic Bottom Ushers In New Gold Bull Market
April 26, 2013
Today billionaire Eric Sprott told King World News that the recent historic panic bottom has ushered in a brand new phase of the gold bull market. Sprott also spoke about the massive panic buying we are seeing around the world. This is the first in a series of written interviews with Sprott that will be released today. Below is what Sprott, who is Chairman of Sprott Asset Management, had to say in part I of this remarkable series of interviews.
Eric King: “We had this unbelievable smash in gold, in silver. We’ve come off the lows here, but your thoughts on that whole experience and what people had to endure here.”
Sprott: “In my mind it was quite bizarre. I put it down to one of two things: Either central bank manipulation, which I would fully understand why they would do it, or some technical technical breakdown in the derivatives market which might have caused it.
I would prefer that it’s central bank manipulation because I know that it’s not going to work. But the fact is that I think we’ve had a historic panic bottom here….