Thursday, May 24, 2012

 
 
 

 
 
 
 
 
Public getting spooked... gold mania may lie ahead
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Tuesday, February 03, 2009
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We don't know whether to be bullish or bearish on this one…

Eric Sprott, one of Canada's top money managers, says, "The window to raise money for gold stocks has blown open." Barrick Gold CEO Peter Munk says he's getting tons of calls from investors asking how to protect their money. Investor interest in gold is soaring.

This level of interest usually coincides with a vicious correction in an asset. It's only when the papers are full of bearish news does a true bull market rally move into high gear. But given the state of the government boondoggle right now, we wouldn't be surprised to see these sorts of comments coincide with a move over $1,000 an ounce…

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Topics: Gold | Boondoggle | Commodities
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