Tuesday, May 1, 2012
Sprott Fund Manager: “Gold Stocks Are the Cheapest I’ve Ever Seen”
BIG GOLD‘s Jeff Clark recently caught up with Charles Oliver, the senior portfolio manager of the Sprott Gold and Precious Minerals Fund (SPR003, Series A; unavailable in the US). He made a splash with a gold-price prediction four years ago that didn’t quite come true, with consequences that have created a new legend for the man, as you can see below.
That amusing episode now behind us, we have to say that we like and respect Charles, so Jeff interviewed him to learn what he sees coming next. Charles also discussed the lag in gold stocks and what may turn them around, the possibility of companies hedging their production, why he’s bullish on silver, and more.
Jeff: It sounds like you see some explosive potential with silver.
Charles: Absolutely. I would also point out that if you go back to 1980, the silver price briefly touched $50 and gold hit about $850, so for a small period of time we did get close to that 16:1 ratio.
Read More @ CaseyResearch.com
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