Sprott Asset Management's John Embry states that he is looking for gold and silver to make their biggest percentage moves of the entire bull market to date in 2012. With his firm's $1.5 billion add-on of PSLV squeezing the silver market, he may just have an inside knowledge to that call. We wouldn't bet against him.
Fiat currency system meltdown has huge implications for gold and silver - Embry
While not something he wants to see happen, Sprott Asset Management's John Embry says, he can't see the global financial situation improving, which has bulilsh implications for gold.
The 12th year of gold's bull cycle could well be the best to date for the yellow metal, if Sprott Asset Management's John Embry is correct.
Speaking on Mineweb.com's Gold Weekly podcast, Embry said, "If the economies are as damaged as I think they are, particularly in Europe, (I don't think they are as good in China or the US as they are trying to crack them up to be).... I think gold and silver prices could conceivably see the biggest percentage gains this year that they've had in the entire bull market"