Silver, above ground, is more rare than gold! There is seven times as much gold above ground as compared to silver!

Wednesday, May 25, 2011

The Silver Thursday and Texan Bunker Hun

The recent rapid rise and fall in the price of silver has left many making comparisons with 1980's Silver Thursday and Texan Bunker Hunt. Silver soared to an all-time high on Thursday 28 April 2011 , Silver briefly climbed to within a whisker of 50 U.S. dollars per ounce, eclipsing the peak hit when Texan brothers William Herbert and Nelson Bunker Hunt sought to corner the silver market three decades ago. The metal later pulled back on technical selling. Options traders reported strong buying of long-dated in-the-money silver calls, indicating bullish investor expectation.





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Eric Sprott , we could see silver at $250/oz

Eric Sprott , CEO of Sprott Asset Management LP said in a keynote presentation at the Hard Assets Investment Conference9 May 2011 “There are a lot of great things about silver going down,” “We’re starting up a (new) silver fund tomorrow – available only in Canada. A week ago we could have bought 1 million oz. of silver and now we’ll be able to buy 1.3 million (oz.) for the same money,” he added.Historically, silver has always traded at a 16:1 ratio to gold. But there is much greater availability of gold to silver (above ground) at any given point – as much as 80 times more, Sprott said. If gold were to go to $3,000-5,000/oz., as some are projecting, we could see silver at $250/oz., he suggested . “Silver will be a currency, just as it always has been – just as much as gold,” Sprott insisted, adding: “There will be silver shortage. … It is logical to suppose that silver will go higher.” via www.resourceinvestor.com





MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
Silver Shortage
GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!