Tuesday, January 10, 2012

Rick Rule - Gold Now Set for Dramatic 1970s Style Up-Moves

“I certainly believe in the set of circumstances that Eric Sprott describes, which is 100 times more silver being traded than is available for delivery.  If there is a failure to deliver in the futures markets and silver goes to a cash basis, you can pick a price to the upside. 

It would certainly be a price that would make silver producers ecstatic.  Further to that, Eric Sprott has urged silver producers to hold some of their cash in physical silver.  We think withholding silver from the market increases the probability for a failure to deliver in the futures markets, which, of course, we think would be a very interesting event for silver speculators.”

No comments:

Post a Comment