Eric Sprott discusses key drivers and opportunities setting up for precious metal equities as Gold and Silver to make a drive higher


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TSX.V:MTO / PK:MEAOF / TSX:VG
01/17/2014 [ACCESSWIRE]

Eric Sprott, Chief Executive Officer and Senior Portfolio Manager, of Sprott Asset Management and recent recipient of the Order of Canada provides valuable insight in an interview with Mining MarketWatch Journal, shedding light on various issues including physical supply imbalances, paper market distortions, macro economic fundamentals, and global demand forces in play that will be key drivers in 2014. Eric Sprott also discusses the opportunities setting up for the majority of precious metal equities as gold makes a drive over $2,000/oz and silver over $50/oz. When asked, Eric Sprott also provides his thoughts on two junior gold producers, Metanor Resources Inc. (TSX VENTURE:MTO) (Pink Sheets:MEAOF), and Veris Gold Corp. (TSX:VG).  

The full interview may be viewed at http://www.miningmarketwatch.net/MMWsprottjan2.014k.pdf online. 

Eric Sprott on Western central banks to India: "...because you have a fiat currency too, as we do, and we can't have people find out that we have no gold."
 
Eric Sprott on physical supply imbalance: "Between Hong Kong/China who imports seemingly 120 tonnes per month and India that can certainly support demand of 80 tonnes a month - you've got 200 tonnes a month just in those two countries in a world where mines only supply 185 tonnes a month."
 
Eric Sprott on how investors in precious metals and related equities will fare: "...the reality is probably 9 out of 10 they will all win because it's all a function of the price of the precious metals here. The precious metal price will I think bail everybody out." 

The full interview may be viewed at http://www.miningmarketwatch.net/MMWsprottjan2.014k.pdf online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are not advice, are for information purposes only and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URLs.
 
Contact Information:
James O'Rourke, Editor
Mining MarketWatch Journal
editor@miningmarketwatch.net

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