Eric Sprott : Silver has to go up

Eric Sprott, Chairman of Sprott Asset Management, speaks at the Casey Research/Sprott Summit When Money Dies.Eric Sprott talks about supply and demand of Silver and how the upward pressures on silver price from demand growing much faster than supply are not being accurately reflected. A 900 million ounce silver supply simply cannot cope with a 380 million ounce increase in demand and maintain current prices. Eric also explains that investment sales of silver are 50 to 1 in volume compared to gold and that this means a decreasing gold/silver ratio. Eric Sprott : ".... I think the physical silver producers, the miners, need to be more active participants in the market," "When silver is produced for less than $15/oz and sold for $30/oz, theoretically the producer is making $15/oz. I believe it is irresponsible for companies to leave that money in the bank where it is vulnerable. It is too risky. Producers have to find something to invest in and the obvious choices are gold and silver. It seems very logical to me that silver producers should invest in silver as a monetary metal." Sprott explained.

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

China boosts Gold price

Gold prices are rising today despite the strong dollar mostly due to strong Chinese imports of gold which during the last quarter of the last year , China imported a 103 tons of gold in the month of November 2011 alone , it was all in anticipation of the Chinese new year which starts next week

James Turk : Gold to go over $2,000/oz in 2012

James Turk : “With regard to gold and silver themselves, I think we’ve seen the low for the year. I think we’re going to clear $2,000/oz. on gold before too long and I think $100 silver is quite reasonable. Something over $2,000/oz. this year seems likely, and something over $50oz. perhaps as high as $100 per ounce. on silver seems to me the most reasonable course...The mining stocks are still on the runway [ready for takeoff]. The runway is this trading range they’ve been in for the last couple years now…Eventually they’re going to break out of these trading ranges to the upside, and they’re going to take off. Hopefully it’s going to be the first quarter of this year because I’m expecting much higher prices on both gold and silver as we work our way to the end of the first quarter.”