Thursday, December 12, 2013

Eric Sprott getting crushed in GOLD and SILVER funds

*****BREAKING GOLD and SILVER NEWS*****

Sprott Asset Management is in trouble


Sprott takes on large losses

From BILLIONAIRE to MILLIONAIRE

The Wall Street Journal reports that redemptions and weak performance have pushed down hedge-fund assets managed by Mr. Sprott to about $350 million from nearly $3 billion in 2008.

Is DELISTING next?

Investors might cause major capitulation 

Has the billionaire dropped to millionaire status?  Looks like Eric Sprott is having some major financial difficulty even though many of his associates like James Turk, John Embry, Rick Rule, and Marc Faber have been pumping gold and silver together for the last two years.  The WSJ just reports on Sprott's losses in this article:

Other news on this found here from Trader Dan's Market Views (he has the wrong LINK to the article):
http://traderdannorcini.blogspot.com/2013/12/gold-and-silver-decline-yields-victim.html#comment-form 

I bet Sprott didn't put his money where is mouth is and buy PHYSICAL METALS.  Now his funds are not even worth the paper they are printed on.  He probably bought PAPER CONTRACTS.  Watch the GLD, SLV, AGQ and other ETF's now get into some major trouble along with Sprott's PHYS, PSLV, and SPPP.  

Look out below you PUMP-TARDS! :-) 

Maybe that's why Gerald Celente is all revved up because he's losing money there too? :-)  Dumb ass! :-) LOL! 

How will King World News handle this one?  They are going to have to come clean with GOLD and SILVER one of these days.  Maybe many websites will go under now?


Sprott's historic speech



Gold to $2,400 in 2014

Hang in there; it's only a PAPER LOSS...


...developing...