http://bullmarketthinking.com/rick-rule-leveraged-gold-longs-are-heading-to-the-sidelines-in-fear-of-an-october-financial-panic/

When asked about Sprott Asset Management’s firm-wide approach to the resource market at this time, Rick noted that, “I am probably the most conservative in the firm…[but] Eric Sprott who runs the firm is as aggressive as I have seen him since the year 2000. Eric believes we are truly at a tipping point with regards to precious metals prices and as a consequence, he is, as is his style, the style that has made him a billionaire, very aggressively going into the marginal junior producers…Eric believes that gold within 12 months will certainly be above $2000 and could be above $2500. So he’s looking for companies that barely make money at $1400 but would be making $800 or $900 an ounce if the gold price went higher, that are producing 100,000 ounces a year. Eric believes that this is the year where his portfolio will see ten to fifteen, 10 to 20 baggers.”