John Embry & James Turk on The Silver Correction and overall economy

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ...

The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in the paper market these positions are being protected and in the short run they have a lot of power they can move the market a long way as we see , and we have seen a 20 percent price correction from the high a week ago but this is not atypical and I do not think people should be deeply concerned about it they should be actually thankful that if they do not own silver that they are getting an opportunity to buy some ...

John Embry & James Turk on The dollar crisis

John Embry Chief Investment Strategist at Sprott Asset Management  discusses with GoldMoney Foundation Director James Turk the worsening fiscal position of the US government with GoldMoney Foundation Director James Turk. In John's view, America is likely heading for hyperinflation thanks to the current fiscal policies of the Federal Reserve.: I do I look at things mathematically he says , when I look at the budget deficit for example you reach the stage now where expenditures are twice as much as revenues , they are taking in less than 50 percent of what they're spending anytime you seen that in history that mean you by pass the point of no return so I find these debates of how much spending and cuts they gonna have or tax rise or sort of deals budget deficit problems kinda factious because I think they have reach the state in which they can do nothing but monetize to debt because they can't crack it - U.S. Dollar on Death Row

John Embry & James Turk on The Silver Correction and overall economy

John Embry Chief Investment Strategist at Sprott Asset Management discusses the recent correction in the silver price with James Turk, Director of the GoldMoney Foundation: ....I think the rise to the recent $50 peak believe it or not was justified and it is funny when you read the main stream press everybody is talking about bubbles and how big the crash is going to be , they would not seem to understand the fundamentals I think the fundamentals of silver are impeccable , the fact that we are going through a tough crash is not surprising it's a paper driven COMEX sponsored correction and it's to be expected , I mean if you have been involved in silver market as long as we have at Sprott we're used to these things they are not fun but it is another buying opportunity ... The paper market probably drives the prices most of the time when the physical takes over is when the physical shortage takes place and what's going on right now is very clearly there is a massive short position in...