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TND Podcast Spotlight: Wall St For Main St |
Jason Burack of Wall St for Main St was able to interview Sprott Chief Investment Strategist http://www.sprott.com/ and longtime successful investor in the precious metal mining and natural resource sector, John Embry. John has over 30 years of experience in the natural resource sector.
John Embry’s full bio can be found here: http://www.sprott.com/about-sprott/in…
During this approximately 30 minute interview, Jason asks John about why he’s been wrong with his market predictions for much higher gold and silver prices in the near term the last few years.
John says there’s been enormous financial engineering that has allowed the powers that be to control markets using high frequency trading (HFT) algorithms and also through the OTC derivatives market.
Jason and John discuss the current macroeconomic situation, inflation and how much longer central planners can keep the game going?
Jason and John then discuss gold, silver and mining stocks in depth.
John thinks the SLV is either empty or close to empty as global demand for physical silver is still growing, especially out of China and India.
Also, John provides valuable insights into the mining industry and how much cost cutting, if any, is left for miners before they start to shut down lots of mines.
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