A Silver Price Surge Coming? Sprott To Buy $1.5 Billion Of Silver Bullion! (PSLV, SLV, AGQ, ZSL, GLD)

A Silver Price Surge Coming? Sprott To Buy $1.5 Billion Of Silver Bullion! (PSLV, SLV, AGQ, ZSL, GLD)



Because Sprott today represents ½ the size of the Hunt brothers wallet and their attempt to corner the silver market in 1979-80, nimble investors have taken advantage of the bulky Sprott in the past by front running his purchases, as his size and legal entity requires him to file with Canadian regulators—an issue he laments of during his interviews.


Moreover, further evidence of a coming silver price mega pop may be gleaned from the exciting silver rally of July 2010 to April 2011. That monstrous rally could easily be rivaled soon, as Sprott apparently gears up for a whale of a purchase, $1.5 billion of silver bullion—a nearly three times last year’s $580 million purchase and coincidental 177 percent explosion of the silver price.


[link to etfdailynews.com]