Posted on 08/17/2011 9:14:10 PM PDT by Nachum
Eric Sprott is exchanging $30 million worth of his own gold ETF PHYS for silver at the current 45:1 ratio. Stop whining that silver has not been following gold higher for the past 2 weeks, and use the relative weakness vs gold to add to your silver position professionally like Mr. Sprott.
The Sprott Foundation, named after Eric Sprott, announced that it is selling two million units of its Sprott Physical Gold Trust (PHY.U-T15.770.070.45%), worth about $30-million at Wednesday's price. In its announcement, Sprott said that the proceeds would be reinvested in the silver sector, which isn’t surprising because Mr. Sprott has been touting the silver (SI-FT40.380.571.42%) story of late.
(Excerpt) Read more at silverdoctors.blogspot.com ...
Things that make you go hmmmmm
I have found this website to be a very useful source of information on the economy, gold, and silver.
http://goldismoney.info/forums/
Good one. Thanks
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