John Embry – Chinese Demand For Silver Has ExplodedSubmitted by cooper11 on Thu, 12/20/2012 - 18:38
Today's a silver buy day. I picked up another 20 silver eagles...
Today John Embry told King World News Chinese demand for silver has skyrocketed. He also spoke about what to expect in 2013 for gold, silver and the global economy. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say: “They are still mumbling about the fiscal cliff and there seems to be limited progress on that front. I suspect they will get something cobbled together instead of letting this get to an extreme point because if they let this thing go over the cliff it would be disastrous.”
John Embry continues:
“Removing that much stimulus from the US economy right now would be unfathomable considering how weak it is. Up until a decision is finalized, they are holding gold under $1,700 and silver below $33, but if you just stop and look at the fundamentals for silver, it’s preposterous silver is trading where it is….
US NIC report extremely positive for gold and silver
Two weeks to go before the U.S. falls off the ‘fiscal cliff’. Nerves are being tensioned now as politicians do what politicians do. “Don’t solve a problem, rescue your people from a crisis.” Cynical, no, dominant realities!
As the year draws to an end it is good to look forward to what lies ahead. While hope springs eternal, we are bound by the forces we see that are shaping tomorrow. What are they?
A report recently released by the U.S. National Intelligence Council gave us sobering thoughts that are extremely positive for gold and silver. We will just touch on that report and highlight the four “megatrends” they mention:
1. The end of U.S. global dominance.
2. The rising power of individuals against states.
3. A rising middle class whose demands challenge governments.
4. A Gordian knot of water, food and energy shortages.