The following is a video of Eric Sprott being interviewed on CNBC, hes holding firm with his conviction that gold prices will hit $2000/oz in 2012. He also throws in some very interesting data points or metrics in support of his conclusion.
Kevin gets stuck into gold miners around the 6th minute of this interview with Daniela Carbone, refers to idiot management among other reasons for not owning the stocks.
In an interview with Louis James, Rick Rule provides an excellent summary of what contrarian speculation investment is and makes a powerful case that the current metals climate means gold stocks are the play to make
[If you weren't present at this timely summit, you can still learn the details of Rick's current investment strategy, plus much, much more. Get the actionable advice and economic perspectives and insights of 31 financial luminaries to make sure you don't miss the opportunities ahead.]
Jim Sinclair
The following is a missive that we received from Jim Sinclair today, who is the host of a web site called Jim Sinclair's MineSet in our humble opinion its well worth the time spent on reading what he has to say. The above link will take to his site and his updates via email are free, so you have nothing to lose by signing up for them.
My Dear Extended Family,
Today has been interesting in a perverse way. I have heard from every gold short who knows my name. I have heard from every weak gold holder that knows my name yelling for help. This time I cannot answer all the incoming communications. Nobody could.
A month ago I got over 3500 incoming emails in less than three hours.
Are developed nations across the globe at the precipice of oblivion? Yep, says pundit John Mauldin. Fresh after the announcement of a new joint venture with Casey Research and the conclusion of his own Strategic Investment Conference in Carlsbad, Mauldin spoke to The Gold Report. He believes that investors have a small window to save their investments from the end of the debt supercycle, but they'll have to move fast.
The Gold Report: What does your new partnership with Casey Research mean for investors going forward?
John Mauldin: We're creating a joint venture, Mauldin Economics, which will have its own brand and publications. We'll be starting out with a fixed-income letter. Casey Research and Mauldin Economics will be sister companies. It's not so much a partnership with Casey as it's a partnership with the team that runs Casey.
There will be a number of other letters, too. Editors and writers whom I like and have worked with will be writing rather than me. My personal letter will still always go out Friday. I'll still be doing Outside the Box and some other services.
The Tasiast gold mine in the Mauritanian desert was the biggest acquisition in Kinross Gold Corp.’s (K-T8.26-0.08-0.96%) 19-year existence and one of the biggest takeovers in the history of the gold industry.
It was to have been the centrepiece of the Kinross portfolio, transforming the Toronto-based company into one of the fastest-growing gold miners in the world.
Instead, the $7.1-billion acquisition of Red Back Mining Inc. has bludgeoned Kinross’s stock and balance sheet. The company took a $2.49-billion writedown in February, angering investors and leaving the company’s chief executive officer battling to retain his credibility. Shares of the miner have lost about half their value since the August, 2010, deal,
Jim Rogers being interviewed on CNBC giving his views on inflation, commodities, de-leveraging, the financial markets and where is he investing right now. The interviewer tries to push the interview into a 'rosier' space, but Jim doesn’t buy it. His opinion on some of our leaders is about as low as it can get.
'The G7 should go down to the bar and leave the rest of us alone"
FRANCE
We start the week with news of changes at top in France where the French President Nicolas Sarkozy becomes another victim of the financial crisis and subsequent austerity measures. 'Sarko' as he is know by some has been ousted by the socialist leader Francois Hollande, who has been elected on a platform that includes reducing the retirement age, a 75% tax on those who earn more than one million euros and the re-negotiation of the European 'Fiscal Pact' with its European partners.
By David Galland, Casey Research
If history has taught one certain lesson, it is that the less fettered an economy, the better humankind is able to do what it does best: run from trouble and run toward opportunity. In this way mistakes are quickly resolved and progress assured.
Conversely, the deeper the muck of regulation, mandates, taxes, subsidies and other bureaucratic meddling, the slower we humans are in following our natural instincts until the point that progress is slowed or even stopped.
It is said that history doesn't repeat itself, but it often rhymes. In the current circumstances, it appears that enough time has passed that current generations have completely forgotten the critical connection between the ability of humans to freely pursue their aspirations and economic progress.
You can see this ignorance in the popular demand for even more, not less, meddling in the affairs of humankind. Should this trend continue – and for reasons I will touch on momentarily,
[Rick was one of 31 esteemed financial experts featured at the Casey Research Recovery Reality Check Summit, where attendees heard three days' worth of illuminating takes on the economy, spirited debate over where it's headed, and a wealth of actionable investment advice. Even if you couldn't make it, you can still hear every recorded session with our soon-to-be released Summit Audio Collection.]
(Interviewed by Louis James, Editor, Casey International Speculator)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
Saturday, May 12, 2012 at 02:16AM