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OCT 22, 2013 - Zero Hedge

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Eric Sprott's Open Letter To The World Gold Council

Authored by Eric Sprott of Sprott Global Resources, Dear World Gold Council Executives; As you very well know, the business environment for gold producers has been extremely challenging over the past few years. While demand for physical gold remains extremely strong, prices on the COMEX have fallen precipitously. This contradictory situation is the single most important obstacle to a healthy gold mining industry. In my opinion, the massive imbalance between supply and demand is not reflected in prices because available statistics are misleading. It is not the first time that GFMS (and World ... Read More

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