Get ready for ‘explosive’ gains in junior gold miners: Sprott
Billionaire Eric Sprott, the chairman of Sprott Asset Management, not only thinks the gold bull market is far from being over, but also says he expects to see junior gold mining stocks “higher by many hundreds of per cents,” soon.
Answering to Globe and Mail readers’ questions, the famed gold bug reiterated he thinks the market hit rock bottom on June 28th and that the price for the precious metal will be around $2,400 per ounce by mid-2014.
He added there is strong evidence that Central Banks worldwide have covertly conspired with bullion banks to sell their gold in the market.
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