Eric Sprott, Financial Sense NewsHour 27 July 2011

Eric Sprott : up to the point where silver got close to 50 dollars the amount of trading in silver through investment vehicles was approaching 800 million ounces a day , and when you realize that the amount of silver available in the year is 900 million ounces you can see that how ridiculous it is we would trade that and who was trading it because obviously they have no investment interest in physical silver ....I do not think that it was the speculators that were driving up i think it is the people who were short that were caught that were losing gigantic amount of money and therefore they initiated the attack on May first .

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold is still heavily under-owned

Brenton Saunders, Director at Taurus Funds Management, says that Gold is not in any kind of bubble that Gold Bull run just started says Brenton Saunders because it is hopelessly under-owned , the biggest fund managers in the world , trust funds and central banks are trying to diversify away from what is hopelessly over owned US Treasuries and Forex and the reality is that the alternatives are quite limited , the obvious alternatives are things like the Euro the Yen the Pound and their respective fixed interest the reality is that these markets are not in great shape either ...the reality is that Gold is heavily under-owned in the institutional environment we know it is under owned in central banks environment

Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Bob Chapman : we will see a long run in Gold and Silver that will surprise many people

Bob Chapman - Radio Liberty 3rd Hour - 25 July 2011

Bob Chapman : we had a number of test on the support levels for Gold and Silver , i fact Silver had 8 full tests on their lows of $32.5 to $36 and you have a broad test like that usually it is 3 may be 4 times , this is 8 times so when you have a situation like that historically you usually have a break out and a large run and usually it is a 100 to a 150 percent and that's usually is over 6 to 8 month period following the test , so by the end of the next February I would think that we probably will be looking at something over 2000 dollars for Gold and that's very very conservative and probably 70 or 80 dollars silver and it could be much higher