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This Silvertard says buy buy buy PSLV and pyhsical as a front run on Eric Sprott!

 
The Front Runner
User ID: 5782936
Canada
11/22/2011 07:55 PM
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This Silvertard says buy buy buy PSLV and pyhsical as a front run on Eric Sprott!
Buy PSLV, Buy physical. As required by law, Eric Sprott has let Canadian Regulators know that he intends to buy 1.5 billion worth of silver bullion. The last time he did this people front ran him driving up the per ounce cost, pissing him off because he could not get the bang for the buck he so desired.

Because of his buying power Canada requires that he disclose in advance that he is about to do this. While he does not like it he has no choice.

The net result is the price should jump.

See all of the details here:

[link to profitimes.com]

And yeah I already own his stock so this is me pumping the GLP crowd!
Anonymous Coward (OP)
User ID: 5782936
Canada
11/22/2011 07:55 PM
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Re: This Silvertard says buy buy buy PSLV and pyhsical as a front run on Eric Sprott!
“Today the Globe and Mail announced Eric has filed a short form follow up Prospectus for a billion five physical silver,” respected bullion market blogger Harvey Organ wrote in a Nov. 21 post. “holy jeepers, it could be approved in as little as two weeks people tell me, and he can trigger it OVERNIGHT without warning. Just bang, if he has got the orders. WE all know what happened with his last Physical Silver Issue, it was 580 million and blasted Silver 18 to 50 bucks in 5 months.”

Considering the fundamentals underlying the raging bull market in silver and the confident predictions of, in some cases, another double in the silver price, at least, by spring from industry peer James Turk of Goldmoney, as well as other hard money heavyweights, Ben Davies of Hinde Capital, Jim Rickards of Tangent Capital Markets, Euro Pacific Capital CEO Peter Schiff and QB Asset Management Co-founder Paul Brodsky, it appears the industry insiders to the tiny world of silver anticipated Sprott’s need to replenish—and when Sprott needs silver look out.





GLP