Eric Sprott 2014 Price Prediction - Gold & Silver "Will Hit New Highs"

In June 2013, while silver is trading at $21.78, Eric Sprott makes a price prediction calling for "new highs" in gold and silver by 2014. Mr. Sprott also discusses topics such as a possible interest rate rise, Western bank bail-ins, the recent April price crash, the physical supply silver shortage that is upon us and explains his ambitious price forecast.

Excerpt of Mr. Sprott calling for new highs & his reasoning:
[youtube]http://www.youtube.com/watch?v=OE4dqn6TRQ0[/youtube]

Full Interview:
[youtube]http://www.youtube.com/watch?v=xHRSz7DzHlo[/youtube]

Is Mr. Sprott being a little overly ambitious or could we actually see new highs by 2014? He is surely sticking his neck out with this prediction.

 

anyone else getting Dj vu?

 

What was his 2013 price prediction?

 

Do I really have to listen to another permabull?

Just admit that prices are down and may go up sooner or later. See it's not that hard!

 

Would like to know this also!

 

I'm always interest to hear what Mr.Sprott has to say

 

I think his public and private predictions would have been miles apart.
The guy's very intelligent but doesn't show it in interviews, you don't become a billionaire from being a braindead permabull.

 

Here are a few:

Source: http://seekingalpha.com/instablog/8...-sprott-s-bold-predictions-on-gold-and-silver

Source: http://silver-shortage.blogspot.com.au/2012/11/2012-silver-market-outlook-with-eric.html

Source: http://www.silverdoctors.com/will-we-see-a-silver-breakout-in-2013/#more-23152

And, surprisingly:

Source: http://www.zerohedge.com/article/eric-sprott-expect-gold-silver-ratio-hit-single-digits

 

Interesting prediction for the last one!

 

I wonder what he'll be saying about next year :lol:

 

that's correct but who owns a silver backed ETF

 

I'm always confused by someone who shakes their head as they say "absolutely"...

 

Gee those analysts were so correct....wonder who they are.....wonder how they knew....wonder if they work for a central bank....wonder if they work for a cartel.......

I wonder why I wonder.

 

Given your inference above, I wonder why their forecasts were dismissed so nonchalantly back in 2011.

 

I guess because as stackers we tend to be eternal optimists and I for one was oblivious to the massive amounts of manipulation that take place in the PM world until now.

 

I'm not too sure we will hit all time highs by the end of the year but during 2014 is a possibility. Mr. Sprott is always bullish, kind of a perma-bull IMO.

 

Then again, Eric Spott did say all of his analysis is based on the "physical market" which we all know could stay manipulated until the cows come home. As some YouTubers have said in the past, gold and silver will rise when the powers that be want them to rise. Whether or not that will be this year or next, low prices for the time being is finneee by me!