Societe Generale plans partial return to gold trading
The French bank resigned as a market maker for gold at the London Bullion Market Association in 2019.
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.
Read more here
2 Comments
Julian
Anyone interested in junior mining investment should visit the Mining Investment Show daily @ http://mis.investmentmine.com …
Apple
This means Sprott has bought the stocks he wants at low prices and is doing everything he can to run the price so he can sell. If the companies did this themselves it would be called pump and dump.