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

 
Anonymous Coward
User ID: 1263100
Australia
11/24/2011 09:40 AM
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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]
Anonymous Coward
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11/29/2011 03:53 AM
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Re: A Silver Price Surge Coming? Sprott To Buy $1.5 Billion Of Silver Bullion! (PSLV, SLV, AGQ, ZSL, GLD)
bump
Anonymous Coward
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11/29/2011 04:47 AM
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Re: A Silver Price Surge Coming? Sprott To Buy $1.5 Billion Of Silver Bullion! (PSLV, SLV, AGQ, ZSL, GLD)
Who has so much physical silver?
Surely it must be paper buy !
Spacerock

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India
11/29/2011 04:53 AM
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Re: A Silver Price Surge Coming? Sprott To Buy $1.5 Billion Of Silver Bullion! (PSLV, SLV, AGQ, ZSL, GLD)
Who has so much physical silver?
Surely it must be paper buy !
 Quoting: Anonymous Coward 4164818

When demand is more than supply, the price goes up.

Remember demand and supply as the basics of economics.

Last Edited by Spacerock on 11/29/2011 04:53 AM
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