$2,000 Gold May Wake Sleeping Public
In a recent interview with John Embry, Chief Investment Strategist of the $10 billion Sprott Asset Management, Embry had the following revealing insights.

“I guess I’m never satisfied with gold even though it’s up over $60 this week. I think gold should be up a whole lot more than $60. I thought it would take a Greek settlement to get gold moving because as long as it looked like Greece might fall apart they were suppressing the price like mad. So the suppression is still going on, but now it’s being overpowered by the strength of demand.

Now some of the pressure has come off of the price and the buyers are getting the upper hand here. The fact is the smart money has been buying gold all along. If they start to think the price is getting away here, they will become more aggressive rather than waiting to buy. I don’t think the general public gets in, until gold clears $2,000 and maybe even higher. At some point people will be forced to talk about it.

I was in the gym when I was in New York a couple of days ago and I never watch CNBC because I hate it, but it was on so I couldn’t avoid it. The list of people talking, I mean they were rambling on about all of this garbage. Gold was never mentioned, even though it was the strongest thing on the board.

I think the real grinding fundamental is the necessity of the powers that be, in every major economic entity in the world, to keep creating more and more liquidity to fend off a deflationary collapse. As more and more people realize this reality, they will go to gold and silver.

To get the real sentiment change, gold may have to make new highs, but that’s only $130 away or about 7% higher. Corrections will happen but gold will remain in an upward thrust as it has for the last eleven years.”