TSXV:SLX.P - Post by User
Post by
footcavalryon Jan 25, 2011 9:30pm
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Post# 18026277
Eric Sprott at Vancouver
Eric Sprott at VancouverFrom Bill Murphy's daily commentary today:
Eric Sprott gave hjs usual superb presentation at the Vancouver conference and had the standing room only room drooling about silver.The supply/demand situation is so stunningly bullish that Eric has it as the investment of the decade.At minimum he expects the gold/silver ratio to return to its historical norm of 16 to 1.At some point Eric thought it might possibly overshoot to 10 to 1.
The technical analyst who Eric respects very highly,and one that Eric brought to the attention of the attendees,is looking for $2100 gold in the late spring.The gold/silver ratio won't drop to 16 to 1 overnight.However,if silver does what Eric thinks it is going to do in the months ahead we'd be looking at $130 silver.If the gold/silver ratio dropped to 30 to 1, we are still looking at $70 silver,should gold make a move like his top tech guy is predicting.