Monday

Eric Sprott Defends Andrew Maguire

Eric had this to say in defence of Andrew Maguire:

“Obviously I believe everything that Andrew has said, including the information that he had given to the SEC when they didn’t follow-up on it. I heard him speak in London in 2011, and I believe everything he has done is absolutely correct.

When he gives interviews with you, and he tells you about the tonnage that moves around, sure enough you see it — then the GOFO rate goes negative. Obviously there is a huge shortage of gold, which everyone is trying to cover up. So I believe totally in what Andrew says, and I think he’s been a great spokesperson for the gold community.”

- As seen on Sprott Money: