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Message: Re: John Embry on Gold
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Nov 13, 2012 10:55AM

Good link and a great story, thanks Mike.

This is the part I liked best of what Embry had to say:

"So the shares remain amazingly cheap, even though there is some interest in the larger vehicles. But the juniors, by and large, continue to languish. I believe I will be proven correct on the gold bullion price. When gold moves up sharply in the next 12 months, that will finally unleash the gold shares."

"The shares are way behind the bullion and they will play catch up. Traditionally, in a gold bull market, the share prices move at three times the speed of the gold price rise. This time they are starting from a much lower level, so I’m very optimistic these things are going to be terrific investments, and nobody owns them anymore.”

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