Eric Sprott explains how silver could hit $200 an ounce
Posted on 16 December 2011 with 4 comments from readers
Billionaire commodity fund manager Eric Sprott explains how silver should triple the performance of gold in the next stage of the gold bull market and could hit $200 an ounce (see video here). His view is that gold was the trade of the last decade and silver is the trade for this decade.
A useful long-term view in a bad week for precious metals that look in danger of a 2008-style correction as the eurozone sovereign debt crisis meltdown rolls out. But investors should never forget the bounce that followed that episode and how the skeptics wrote off precious metals then.
If you are not convinced by Mr Sprott then have a look at this video (click here) that is a reminder about the fundamentals of silver investment and also considers the impact of the euro crisis from a different angle.

4 Comments posted by readers:
What Eric does NOT go into detail is EXACTLY how do we break the paper markets as the price discovery mechanism? Aside from going to the coin shop to do our little part on the dips…
We need to know what the instructions are for me, for Marilyn on The Portbury Hundred in Bristol, England, for Arjun Dhupia on Sanatnagar Road out of Hyderabad in India, et al.
Do we assemble 20,000 people for a march onto CFTC’s office, sending 5,000 inside the building to make sure the CFTC wraps up the investigation and the rest outside to keep police from interfering?
Do we assemble a sizeable crew to put together teaching materials and hold classes out in the streets by bus stops (where you have a captive audience for a few minutes) and banks?
Do we attempt to buy a list of names of customers from COMEX, JPM, etc. so that we can tell them about the paper game they are playing at risk to their capital?
What? What?? WE NEED INSTRUCTIONS!! The faster we can shut this down, the less likely that UN will get their troops on every corner, the less likely that Japan will successfully complete their first Terminator (They have gone too far in robotics research and must be stopped) and send them over here, the less likely that we will have every right stripped from us, AND the “less bad” the eventual crash will be for everyone.
There is no time left to talk. It is time for action!
Silver fund owner says to buy silver? Hmm…
@ Stephanie and Her Rant:
Actually, those are all great suggestions! Unfortunately, to act on any or all of those suggestions would take some leadership, some organizational ability, some willing conscripts who would work without pay, and of course, some serious coin (pun intended!) to financially support such a grand, global endeavor. But you are absolutely correct in principal. I try to do my part by sending out emails to friends/ associates and advising them of the unbelievable corruption that the US government is conducting at the COMEX (aka: CRIMEX).
. . . and the US Constitution/ Bill of Rights Gets Squashed:
On a different note, there was more bad news this past week here across the pond in the USSA; the US Congress very quietly (stealthily?) passed a new law (by an overwhelming margin in both the Senate and the House!) that effectively kills the 4th, the 5th, the 6th, and the 8th Amendments to the US Constitution. For more info on this topic, go here:
http://www.zerohedge.com/news/congress-passes-662-billion-defense-bill-aka-ndaa
And not surprisingly, there was no mention of this in either the printed media or the TV media about this historic event (except a short entry by Reuters, who labeled it as “restrictions on Arab immigrants in the US”); US government control of the “free press” lives on here in the USSA.
Lets consider that there is a Super Cycle in virtually everything.
Cycles + fundamentals + technicals let you get close. For me, nothing works perfectly or works everytime.
Even what Eric Sprott may say, good bad or indifferent, is not mantra for me, its charts like this depiction of the interplay of overlapping cyclical inputs. Take a look, and see for yourself.
The tides that guide us-> http://www.denaliguidesummit.blogspot.com/