Stock Alert Service

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Friday, September 14, 2012

John Embry on Gold and Silver Mining Shares: Explosion will be historic

John Embry from Sprott Asset Management (SII) says this about mining shares to King World News " the explosion in the share prices is going to be historic."

Bottom Line:  Most investors who understand the gold and silver markets realize there is some type of manipulation going on in an attempt to discourage buying.  So far, its a job well done.

Keep in mind, the fundamentals usually come out on top at the end of the day and physical gold and silver including the miners will be the big winners.

At some point, I may sell some of my positions (I will notify my subscribers when I do) but as I write, I remain over 90% invested in gold and silver miners.  I believe they may continue to lead the metals as we march forward.

Here is a sample list of Gold and Silver ETF's and a few mining stocks I own (For a complete list of all my positions, feel free to subscribe to my stock alert service):

New Gold (NGD)- I currently have a position
Barrick Gold (ABX) - I currently have a position
Goldcorp (G, GG) -  I currently have a position
McEwen Mining Inc. (MUX) -  I currently have a position
Franco Nevada (FNV) - I currently have a position
Yamana Gold (AUY, YRI)
Gold Fields (GFI)
Eldorado Gold (ELD, EGO, EAU)
Pan American Silver (PAAS, PAA)
Agnico-Eagle Mines (AEM)
Kinross Gold (K)
AngloGold Ashanti Limited (AU)
SPDR Gold Shares (GLD)
SPDR Gold Trust (GLD)
iShares Silver Trust (SLV)
iShares Gold Trust (IAU)
Market Vectors Junior Gold Miners ETF (GDXJ)
Market Vectors Gold Miners ETF (GDX)
iShares SP TSX Global Gold Index Fund  (XGD) -  I currently have a position
Horizons BetaPro SP/TSX Global Gold Bull ETF (HGU)
ETFS Leveraged Gold ETF (LBUL-LSE)
ETFS Physical Gold ETF (PHAU-LSE)
iShares COMEX Gold ETF US (IGT-TSX)
ETFS Physical Swiss Gold Shares ETF (SGOL)
PowerShares DB Gold Double Long ETN (DGP)
PowerShares DB Gold Fund (DGL)
Claymore Gold Bullion ETF (CGL-TSX)
Sprott Physical Silver Trust (PSLV)
Sprott Physical Gold Trust (PHYS)
Global X Silver Miners ETF (SIL)


http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/14_Embry_-_We_Are_Seeing_Mounting_Shortages_Of_Gold_%26_Silver.html

Cheers,

Millionaire by 33

Subscribe to my Millionaire by 33 stock alert service and follow all stocks that I buy and sell. I will send you an email alert immediately after I buy or sell. Once you subscribe, I will also send you a list of stocks that I currently own. Subscription cost is $500 (US Dollars) per year. Happy Investing! Feel free to contact me anytime if you have any questions. contactme@millionaireby33.com

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