November has traditionally been relatively uneventful for the gold complex. For this reason, we entered the month with a bias in our active gold strategies.
Sprott will indirectly acquire Central Fund’s existing administration agreement from The Central Group Alberta for an aggregate purchase price of C$100 million.
The typical approach to bearish gold analysis is to attribute hypothetical fears to gold investors, and then point out these concerns have failed to materialize. Sprott believes the investment thesis for gold is a bit more complex than simplistic motivations commonly cited in financial press.
“We have all had the experience of seeing goods on sale and procrastinating, and later on seeing them priced much higher. You think to yourself ‘I really wish I’d participated.’ Those are the kinds of times that get referred to as ‘the good old days.’”
First, West Africa has the right geology for gold deposits – that’s the main reason. The second reason is that it’s a relatively politically stable part of Africa.
