Eric Sprott on CNBC - silver to shine after it hits US$39 per ounce
Eric Sprott runs one of the largest hedge funds in Canada his PSLV (silver) Sprott Physical Silver Trust since it was launched October 29th 2010 it has increased by over 75% in value , IPO at $10/Share now trading at $17/Share .Eric Sprott believes that it is the man in the street who is driving the demand for silver for example the US mint this year has sold as many dollars in silver coins as it has sold in silver coins but the prices are different by 38 to 1 which really means that the common guy is buying Silver the reason silver going up is because of savers Eric says people want to rather own a hard asset than a paper asset there is also the industrial demand and the fear factor related to QE1 , QE2 and a possible QE3 it is not just about the weakness of the dollar , a lot of people are losing confidence in the Euro the Yen and of course the dollar We are still far away from a bubble Eric explains the precious metal ownership is still less than 1 percent so there is no mania going on as of yet , Eric dos not believe that interest rates have anything to do with the silver rally so even if the FED raises its rates it won't affect the rally what's driving it is the lack of faith in the currency , Sprott believes that Silver will dramatically outperform Gold over the next 5 years he calls the next decade the Silver's decade while the last decade was Gold's decade ....keep on stacking folks !
Wednesday, April 6, 2011
Web bots on the Silver Rally
Mr. High of Webbbots sees silver going as high as $500 an ounce from June 20th. this year however the Webbots first started predicting silver surpassing gold eventually but in the near future the number they predicted was $600 USD.... and now we have several silver experts calling for $500 silver... so $600 silver is seeming more possible.. at least to me and my reasoning MAX KEISER CALLING $500 AN OUNCE, BOB CHAPMAN CALLING $400 AN OUNCE COMING Marc Faber speak: QE 1 till 18 ,I do think the them ! Many,many ,many, Paper ,take Silver and Gold !!!
Gold vs Stocks
Gold is going from one record to the next lately and hitting an all-time high now. the precious metal had an impressive run over the last ten years while the S&P tacked on just 16%, gold is up 464%. Today gold is about 8% higher than the value of the s&p 500.analyst Sam Stovall does not believe the gold is over valued matter of fact he believes that there is a longer term price appreciation ahead and he sets $1,800 as a chief target on the long term ,Gold Fundamentals still strong and a brighter future lays ahead
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