Jim Letourneau's Blog

Retired Life

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Eric Sprott's Big Bet

In case you were wondering, Eric Sprott is still long and strong on gold. He didn't mention the ETF bubble since he was in the Big Apple to launch the Sprott Physical Gold Bullion Trust (NYSE Arca: PHYS or TSX: PHY.U).

Past Sprott metal funds include the Sprott Molybdenum Participation Group (TSX:MLY) which was a hot IPO at $5.00 in April 2007 that was dissolved in July 2009 at $1.76/share (I've seen worse). Sprott Securities Inc. also led the deal to create Uranium Participation Corp. (TSX:U) back in 2005.