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Message: Eric Sprott on gold and and San Gold

Eric Sprott on gold and and San Gold

posted on Nov 13, 2009 07:20PM

Todays Gold Report http://www.theaureport.com/pub/na/3280

Sprott even mentions SGR

Although "quantitative easing" (QE) may be propping up the U.S. economy for the time being, it solves nothing. That's how Eric Sprott, Chief Executive Officer & Portfolio Manager of Sprott Asset Management and Chairman of Sprott Money Ltd., sees it. It's not just that QE shoves problems from the private sector into the public sector. It's worse than that, because as Eric tells The Gold Report readers, QE is "just debasing the currency which will eventually lead to hyperinflation." One upside though: "You can just feel the momentum in gold—it's picking up dramatically" and so too are prospects for a plethora of little-known small and mid-cap gold stocks.

TGR: How about in the exploration space?

ES: There have been lots of interesting exploration plays, some of which are in the States. We own a little company called Romarco Minerals (TSX.V:R). We own San Gold Corporation (TSX-V:SGR), which has had some tremendous exploration. There is one in Indonesia called East Asia Minerals Corporation (TSX-V:EAS) that could be very exciting on the exploration front. Galway Resources Ltd. (TSX-V:GWY); Galway picked up the gold property south of Ventana Gold Corp. (TSX:VEN). Ventana's been one of the hottest gold stocks around and that's brought a lot of attention to Galway.

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