March 14, 2014 - By: Eric King
Original Source:

Eric Sprott - Gold To See Powerful "Golden Cross" Within Days

With the end of another wild week of trading in global markets coming to a close, today billionaire Eric Sprott told King World News that the gold market is about to see a powerful "Golden Cross" within days. The Canadian billionaire, who is Chairman of Sprott Asset Management, also spoke about manipulation in Part II of a remarkable series of interviews that will be released today.

Sprott: "None of the action in gold is surprising at this point. As you know, it's basically rallied since the beginning of January. We are now up about 18%. Another 2% and we are officially in a bull market....

"We are going to get the 50-day (moving average) going through the 200-day (moving average) soon. I bet it's within 5 days that it will go through just based on the trend it's on. It has to go through because the trend is up in the 50-day, and on the 200-day it's just kind of flattening out here.

So we are going to have the 'Golden Cross' probably sometime next week, which I think will bring lots of guys in from the sidelines who realize that a new bull market has started because there is no better sign than the Golden Cross. I think the lack of manipulation going forward is (also) going to be a very important item for people to think about in terms of where gold should go throughout this year."


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