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Monday, May 16, 2011

Eric Sprott discusses Silver

Eric Sprott was recently on TV discussing silver's pull back. A while back I recommended and arb position on PSLV. This was since closed for a nice profit. Given the recent volatility in the silver market I have been starting to think if it may be a time to look a little closer at it. Remember when others are selling that is the time to be buying. My biggest issue was the informational hurdle I need to overcome. I do not know much about silver, I do know that fiscal austerity is no where near therefore the USD may weaken against better positioned currencies. Sprott gives some interesting data on why silver is headed higher.

Without either supporting or arguing against his position - enjoy.

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