Monday, February 8, 2010

Eric Sprott says the yellow metal could hit $1500 in 2010 and $2000 in 2011.

Sprott told Bloomberg, “I have no trouble imaging we get to $1,500 this year and $2,000 in two years.” During the Q3, Sprott Asset Management was adding to stakes in precious metals plays
- Barrick Gold (ABX),
- Yamana Gold (AUY),
- Eldorado Gold (EGO),
- Jaguar Mining (JAG),
- Silver Wheaton (SLW).

Meanwhile, MAG Silver (MVG), Seabridge Gold (SA), and Kinross Gold (KGC) were also among the fund’s top-15 U.S.-listed equity positions.

1 comment:

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