Eric King Interviews Eric Sprott, Art Cashin
A couple of insightful interviews, brought to you by King World News. In the first one Art Cashin goes off on a astrological tangent, discussing how the autumnal equinox may or may not impact the critical 1,130 resistance level. According to the cocktail napkins things may get heated... or not. In other words prepare for a market that may surge... or plunge. Elsewhere, Eric King discusses the drop in the NAV premium on the PHYS (quite relevant in light of the recent second follow on offering for the physical gold ETF), gold common stocks, and the imminent rush for M&A in gold small and mid cap companies. Indeed, all that borbadment about cash on the sidelines in other sectors leading to a renaissance in acquisitions is more than relevant for the gold sector: look for some material moves higher as expectations of consolidation in the precious metal space spread like wildfire through the market.