Eric Sprott - Expect $50 Silver, Gold Possibly $2,150 by Spring + All 100 Ounce Silver Bars Will be Gone in a Matter of Days

Eric Sprott - Expect $50 Silver, Gold Possibly $2,150 by Spring
January 28, 2011
With gold and silver rallying off the lows today, King World News interviewed Eric Sprott, Chairman of Sprott Asset Management which has $8 billion under management. When asked about the Sprott physical silver trust acquiring silver Eric stated, “We had to go into the market and buy about 15 million net ounces from third parties and it took us about ten weeks. It was a very, very long process and the one thing we can read out of it is obviously there weren’t 15 million ounces sitting around somewhere.” (Click the link above to read more)

All 100 Ounce Silver Bars Will be Gone in a Matter of Days
January 27, 2011
Today King World News interviewed one of the top gold and silver dealers in the United States about tightness in the silver market. Bill Haynes is President and owner of CMI Gold & Silver for and when asked about a shortage in silver he stated, “All of the major suppliers of 100 ounce silver bars are either weeks or months out, some will not even take orders. I had some conversations with a number of people who buy from them, had to dig through the information and some of them revealed that they thought the refineries were having trouble and the manufacturers were having trouble getting the physical product which falls right into the silver shortage.”
(Click the link above to read more)