Gold's months-long price decline was a not a trend reversal but only a correction, with rising debt, high deficits, central bank buying and geopolitical fragmentation reinforcing gold's strategic role, while silver's outlook remains compelling due to constrained supply and growing demand, according to Maria Smirnova, Managing Partner at Sprott Inc. and Senior Portfolio Manager and Chief Investment Officer at Sprott Asset Management.
Sprott NYSE: SII reported second-quarter results marked by lower assets under management following a sharp pullback in precious-metals prices, while higher average assets over the past year supported growth in earnings and adjusted EBITDA.
Gold is massively oversold by every meaningful metric and is likely to set a cyclical bottom before September, while currency debasement is the fundamental driver that will push gold to its next all-time high, according to Paul Wong, managing partner and market strategist at Sprott Inc.In a recent interview, Wong told Kitco News that gold tends to find support when prices fall to 90% of the 200-day moving average – and we've well overshot that at this point – but there are other reasons to expect a rebound by late summer.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Cyrus Pearo INVESTMENT MANAGEMENT ASSOCIATES Inc. /ADV | 6,051 | $418,063.59 | $623,313.52 | $205,249.93 | 49.1% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 6,712 | $754,130 | $791,210.56 | $37,080.56 | 4.92% |
John J. Terril TERRIL BROTHERS Inc. | 2,475 | $252,472.5 | $254,949.75 | $2,477.25 | 0.98% |
| NA Nizar Araji National Bank Of Canada /FI/ | 33,344 | $2.92M | $3.93M | $1.01M | 34.65% |
Point72 Asset Management LP Point72 Asset Management LP | 35,043 | $3.94M | $4.09M | $154,363.11 | 3.92% |
| Capital Markets Industry | Financials Sector | William Whitney George CEO | NYSE Exchange | 852066208 CUSIP |
| CA Country | 131 Employees | 17 Aug 2026 Last Dividend | 28 May 2020 Last Split | - IPO Date |
Sprott Inc. is a distinguished asset management holding company, which has marked its presence publicly on the financial landscape. Initiated on February 13, 2008, Sprott Inc. has its headquarters stationed in Toronto, Canada. The company carves a niche in the financial industry by offering a comprehensive suite of financial services through its subsidiaries. These offerings encompass asset management, portfolio management, wealth management, fund management, in addition to administrative and consulting services tailored to meet the diverse needs of its clientele. By operating not only within the borders of Canada but also on a global scale, Sprott Inc. has positioned itself as a key player in the investment management space, catering to individual and institutional clients alike.
Mutual Funds: Sprott Inc. administers a variety of mutual funds that cater to the broad investment objectives and risk tolerance of investors. These funds are managed by experienced professionals aiming to deliver competitive returns.
Hedge Funds: For clients looking for more sophisticated investment strategies, Sprott offers hedge funds. These funds employ varied techniques to deliver returns uncorrelated with the broader market, targeting absolute return strategies.
Offshore Funds: Catering to the needs of international investors, Sprott Inc. manages offshore funds that offer unique investment opportunities outside of Canada. This diversifies investment portfolios by tapping into global markets.
Managed Accounts: Providing a tailor-made investment experience, managed accounts at Sprott Inc. offer individualized portfolio management, catering to the specific needs and investment objectives of the client.
Broker-Dealer Activities: Beyond asset management, Sprott Inc. engages in broker-dealer activities, providing clients with brokerage services, market insights, and access to a wide range of financial instruments and investment opportunities.