TSXV:SLX.P - Post by User
Post by
hiker1on Jan 29, 2011 8:04pm
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Post# 18046216
Eric Sprott Jan 29th
Eric Sprott Jan 29thA good listen to Eric Sprott on the King World News for Jan 29th......
He sees no other explanation for the recent selloff in the PM's other than the options expiry which ended yesterday.
He notes that the silver supply which has been mentioned previously in the Sprott fund trying to fill their own fund with its required silver, is still, in his words, tight as a drum. The metals they did receive looked to be as shiny and bright as though it had come directly from the refinery and there was none to be had in storage.
He also notes that those within his firm see gold reaching $2150 by spring and silver hitting at least $50 by mid-summer as well.
I still believe that with information such as this coming from the mouths of respected people within the industry as Eric Sprott and John Kaiser, the end of January here will be the turnaround point for the PM investors.
JMHO