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Monday, October 20, 2014

ERIC SPROTT BATS ONE RIGHT OUT OF THE PARK: you won't believe what he said. No really you won't.


I mean it. You won't believe what Sprott just said.

Seriously, pour yourself several stiff drinks.

In fact, tell you what: I'll wait here while you dash out to the LCBO and fill up your liquor cabinet. Look for the cheapest, most powerful axle grease remover you can find.

Don't bother being posh, don't bother worrying about what it's going to do to your brain. A 24-litre keg of cheap Uzbekistani red wine laced with wood alcohol and mercury is perfectly okay, if you can find it.

Click through when you're done, but be warned this is NSFW even for me:


You ready? Bottles opened?

OK, here goes:

The Gold Report - an Ebola armageddon could trigger a rebirth in gold and silver prices: Eric Sprott.

Here, let me type that out again to make sure I haven't just made an insane typing mistake:

The Gold Report - no really, he said it, an EBOLA ARMAGEDDON could trigger a rebirth in gold and silver prices: AAUGH AAUGH AAUGH Eric Sprott.

OK look, I know how internet "reporting" works. Maybe this is just JT Long at the Gold Report being an asshat and writing a hyperbolic article title that puts silly words into Sprott's mouth, making the former boss at Sprottcorp look like a raving lunatic?

Because we know that is exactly what passes for internet journalism in many high-traffic parts of the webtubes.

Is that it? Is JT Long just making this up?

Nope.

Here are some quotes:
[Eric:]I'm really focusing on the impact of Ebola on the demand side. The numbers suggest that Ebola will be difficult to contain. The death rate is incredibly high and it is highly contagious. It has already spread to Spain and the U.S. Unfortunately, the powers that be at the Centers for Disease Control (CDC) and the World Health Organization (WHO) have totally misunderstood and understated what's going on.
Yeah, really. We need Eric Sprott in charge of the world response to Ebola, because the epidemiologists and infectious disease specialists at the Centers for Disease Control aren't as smart as him.

Way to graduate from criticizing the Federal Reserve's understanding of economics, Eric.

Hey Eric, any comment on recent estimates of the R-naught for this Ebola strain? Apparently Dr. Miroslav Lovric wrote a paper recently that's caused quite a stir - what's your take?

Ha ha, just joking, Eric! We don't care what your take is, because epidemiologists don't get demoted from their position at Sprottcorp for losing a fortune on shitty miners. They don't have what it takes to do that.

But wait! There's more!:
[Eric:]Unfortunately, recent events have suggested that travel protocols, monitoring programs and hospital procedures are not working. It's a mess of incompetence, and it goes back to central planners focusing on the economy and the stock markets and bond yields. They forget about people and their response is wholly ineffective.
Yes, yes, Eric. Wholly ineffective, because all those infectious disease specialists and epidemiologists spent the past 5 years working for the Plunge Protection Team. That's definitely it.

Oh, and also your buddies in the Republican Party blocking Barack Obama from appointing a new surgeon gener - wait - sorry, that's not it, that's not the reason, you're right, it's all down to the PPT and Bohemian Grove.

It continues:
[Eric:]We have certainly lost control in Sierra Leone and Liberia. The Ebola virus doesn't know where the border is and the likelihood of it spreading to Ivory Coast and Ghana is very high. The jury is still out on how the developed countries will do.
Wait for it....
[Eric:]Fear of travel and business disruption is definitely going to have an impact on a fragile economy already weakened by recessions in Europe and Japan. An event like this could have serious negative repercussions because it changes people's behaviors.
Wait for it....
[Eric:]If people worried about the security of bank deposits start pulling their money out, they would logically want to shift to gold and silver. All of a sudden, investors would come back into these markets and push the price up. No one is considering that. The natural Armageddon of disease could cause a financial Armageddon and precious metals are the natural comfort play.
Boo-ya! That's the payoff! Joe Carter reaches the endzone and spikes the ball, and the Toronto Maple Leafs win the FIFA World Cup! Checkmate!

So, basically, the idea is that if a million people in West Africa die from Ebola, we'll be able to make a whole pile of money on shitty junior miners. That's Eric Sprott's investment thesis for the next little bit.

I guess.

In fact, lemme reprint that last sentence:
[Eric:]The natural Armageddon of disease could cause a financial Armageddon and precious metals are the natural comfort play.
My god.


It's like there's a party in my mouth and everyone's throwing up.


Oh god oh god oh god.



Truly no words.





But I found a picture.






I found a picture that can adequately describe what I am feeling right now.







Here it is.








Here.




5 comments:

  1. Well the secret to why Eric Sprott and his ilk persist and even have a following of morons is right there in the first quote:

    "Unfortunately, the powers that be at the Centers for Disease Control (CDC) and the World Health Organization (WHO) have totally misunderstood and understated what's going on."

    This is Sprott, goldbuggery, right wing paranoia, ZH, and all the rest of it explained in one shining quote. A guy who knows jack shit about medicine, disease, public health, and ebola itself, tells the faithful that the "powers that be" aren't as smart as him. So listen to him. Invest with him. Send money to him. Read his blog. Believe!!

    It's stupid, low-level con artistry, but Sprott learned early on to prey on the herd of like minds whose paranoid resentment makes them ripe pickings to be fleeced by.... Eric Sprott, M.D.!

    ReplyDelete
  2. Agreed Comet nails the key quote. But can we stick to the funny ones now, please?

    I mean, he goes from...

    Fear of travel and business disruption

    ...to...

    recessions in Europe and Japan.

    ...to...

    worried about the security of bank deposits start pulling their money out

    ...and then to...

    logically want to shift to gold and silver

    ...ending at...

    Armageddon of disease could cause a financial Armageddon and precious metals are the natural comfort play

    ...in one paragraph of straight connections. Please stand and applaud ladies and gentlemen, there's a master at work here.

    ReplyDelete
    Replies
    1. How do we know he's not just spiralled into paranoid psychosis?

      Smart people make money, crazy people lose it all.

      Delete
  3. He can't still be a billionaire, can he ?

    GDXJ is down from 172 to 33, from 2011 til now.

    Even getting private placements on those dogs
    won't help much when the sector blows up.

    I heard he sold the physical gold the co held last December
    and he bottom ticked it.

    ReplyDelete
  4. Is this article ZeroHedge Certified too?

    ReplyDelete