REALITY CHECK - GOLD & SILVER
"Throughout all my years of investing I have found that the big money was never made in the buying and selling. It was made in the sitting".
These words of wisdom are from Jesse Livermore, accredited as being one of the greatest traders of all time. The paradox is he did not make his fortune by trading but by sitting on his positions.
Please find below an interview between King World News and Eric Sprott, concerning the current economic situation and the beat down on Gold and Silver.
Eric is a very successful investor and develops several of the themes mentioned in my recent Blog post "Happy New Year".