Monday, January 31, 2005

Embry: $800-$1000 gold is conservative

VANCOUVER--( Sprott Asset Management Chief Investment Strategist John Embry is adamant that gold will hit at least $800 per ounce as "paper money is going to hell in a handcart."

In a presentation to the Mining Exploration Roundup in Vancouver, Embry said he believes even a $1,000/oz gold price may be conservative. Meanwhile, he reasserted his steadfast contention that the gold price continues to be manipulated.

Read more here.

Source: Mineweb, By Dorothy Kosich.

No comments: