I’m certain this is worth sharing as well, as it come from the “inside” of the industry, and from those who know better than you or I. It is a mildly edited excerpt…

Our Portfolio Is Booming as Gold Demand Surges

We could tell by the smiles…

There was no need to talk to the attendees or hear the presentations.

We could have spent the last year in a cave. The atmosphere told us everything we needed to know.

Last month we traveled to Vancouver, British Columbia to attend the Sprott Natural Resource Symposium. And what a difference a year makes…

Attendance was up, and so was enthusiasm. The mood was bullish. It was in stark contrast to last year’s symposium, at which most folks were frowning after enduring a five-year bear market.

The schedule was packed for four full days. More than 60 booths lined the exhibition halls. During the conference, we heard from dozens of speakers. From mining executives to investment advisers to newsletter writers, the general sentiment was that we are in the early stages of a long bull market in precious metals.

Each morning Rick Rule, president and CEO of Sprott U.S. Holdings, kicked things off at 7 a.m. Speaking events and workshops lasted until after 5 p.m., and the rooms were jammed all day.

Attendees heard familiar themes throughout the week. Speaker after speaker echoed the thoughts that we have explained to you since we launched in April: Failed central banking policies around the world are destroying the global currency system… Negative interest rates are causing investors to flock to gold as a safe store of wealth… And several presentations made the case for silver to outperform gold.

We came away from the conference with some great new ideas.”


I’ll add this, too…

Global demand for gold is soaring.

According to the World Gold Council’s Gold Demand Trends report, total global gold demand for the first half of 2016 was the second-highest on record at 2,335 tons.

Investment demand of 1,064 tons marked a new first-half record – surpassing the previous high of 917 tons during the financial crisis of 2009. For the first time, investment has been the largest component of gold demand for two straight quarters. Investors – both retail and institutional – poured more than $23 billion into gold-backed exchange-traded funds in the first half of this year. That’s enough to reverse the total outflows from 2014 and 2015 combined.

The report also showed evidence of smaller-scale investors in Western markets jumping into gold. Demand for U.S. gold eagle coins soared 84% during the first half. The U.K.’s Royal Mint reported a sharp rise in profits after launching an online platform allowing investors to purchase fractional amounts of gold bars.

Aside from investors, other sources of demand for gold fell. Central bank demand is down 23% on the year. And despite a 33% increase in U.S. sales, global jewelry demand is down 16%. Both of these drops are likely due to the sharp rise in gold prices. Meanwhile, technology demand dropped slightly due to reduced electronic sales.

The report found no indication that demand might come to a halt, but suggested that the recent momentum could be difficult to sustain. The fundamentals that turned investors to gold remain in place, and that foundation is unlikely to change anytime soon.”

I’ll add to the above, that despite the already record and near-record demand reported above, it is still very early in this Bull Market; and the lack of price volatility, along with the totally dead summer-time volume amply attest to that. It’s still early in the game, and we are already in. Got gold? Got silver?


Tuesday morning, gold’s up $15 now… silver by $.28. Something’s up!


Are you kidding me? Market’s getting close to the open, and all those sweet gains in the metals are about gone!!! Silver… up a penny, and gold up little more than $7. Ugh!

I’ve received intelligence on 5 of our holdings. I’ll commence to relate that 1 stock at a time, later today.

Here’s to your accumulation of real wealth!
Harold F Crowell


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