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Message: Sprott questioned

I'm not capitulating and likely never will, but every emotion known to mankind has gone through my mind.

" hurting then the bottom is near but the bottom is usually in when you are starting to feel desperate"

I'm sure some here, including me are now just feeling numb after the numerous early morning attacks on gold since April 15 and the catastrophic effect on the mining shares. Peoples livelihoods in remote communities, developing countries and the investments by honest hard working folk are at stake because of the desperate moves by the Fed to save themselves while their elite friends prosper from knowing the game plan. The MSM spews crap every hour over gold as a investment, a currency or a store of wealth, its scared almost every retail investor-speculator away. Guys like Bob on the other board repeatedly state SGR is heading for bankruptcy and seems ready to laugh in everyones' face if he's right, pretty despicable. Guys like him and Christos Doulis should just keep their opinion to themselves.

I don't have much emotional capital or capital left, just HOPE that gold gets properly valued soon, SGRsucceeds and faith in Ian to do his best............... is that low enough to signal a bottom ?

http://sprottgroup.com/thoughts/articles/19-tough-questions-for-eric-sprott-on-gold-and-silver/

from Sprott:

3. How much of your portfolio is devoted to precious metals stocks and bullion?

Between shares in mining companies and physical bullion, I have at least 80% of my total portfolio invested in gold and silver. This is similar to the amount in the public accounts I run such as the mutual funds. I have been happy to remain there. It was a wonderful trade since 2000, and, of course, an awful trade since the 2011 peak.

Breaking it down further, the amount of bullion that I hold has been going down – to probably 15 percent of my total portfolio right now. It was as high as 35 or 40 percent.

This year, I am selling bullion to buy stocks because the leverage is so much higher in the equities than in the physical bullion. We decided to move into stocks, and we have participated in a number of private placements in the past 3 or 4 months in companies that are highly leveraged to the price of the metals going up.

I am putting my money down on the price of gold going up, and seeing a quantum increase in the precious metals equities.

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