Eric Sprott on Silver via KWN

[Camtender]

http://kingworldnews.com/kingworldne...ic_Sprott.html

[jpetr48]

Re: Eric Sprott on Silver via KWN

Thanks for this interview- well done as he captures the supply demand drivers quite well as well as the current political nuances like manipulation. Looks like JP Morgan and HSBC are in for a long fight. Below is from the folks at GATA


Dear Friend of GATA and Gold (and Silver):

People who lost money trading silver futures or options on the New York Commodity Exchange since 2008 are eligible to join the class-action price-manipulation lawsuit brought this week against J.P. Morgan Chase & Co. and HSBC Bank in U.S. District Court for the Southern District of New York. To express interest in becoming a member of the class of plaintiffs, contact:

Kellie Lerner
Labaton Sucharow LLP
140 Broadway
New York, NY 10005
Telephone: 212-907-0700
Fax: 212-818-0477
KLerner@labaton.com

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

[Spartacus]

Re: Eric Sprott on Silver via KWN

I've argued that Gold & Silver will return to their historical ratios - some of the ratios he's talking about - I've been arguing for some of those numbers for over 8 years - my first argument way back was from history and from the LBMA Gold and Silver trading volumes

BUT I've never come near saying 2:1 Gold:Silver, which is one ratio he throws out (money went into some ETFs in that ratio). That would be amazing. Doubt i'll live to see it though.

http://kingworldnews.com/kingworldne...ic_Sprott.html

[oddlots]

Re: Eric Sprott on Silver via KWN

I would honestly have a little skepticism towards GATA. I find Eric Sprott's endorsement of them kind of disturbing: more a bad reflection on Sprott's judgement than a lifting-up of GATA to his putative level.

There have been a couple of moments where the mask has fallen off to my mind. One has been their insistent pumping of some pretty questionable equities. See here. The second has been the hype around the apparent revelation that gold futures are in fact, gold futures. See the whole ridiculous Andrew Maguire "revelations" fiasco. The fact that Jesse of J's Cafe Americain gives them the time of day gives me pause, but apart from that... grifters.

[Spartacus]

Re: Eric Sprott on Silver via KWN

you beat me to it.

Just because Butler may have been right (we don't know yet how right or wrong) about some aspects of the Silver market doesn't mean we can now accept all such theories wholesale.

I would honestly have a little skepticism towards GATA. I find Eric Sprott's endorsement of them kind of disturbing: more a bad reflection on Sprott's judgement than a lifting-up of GATA to his putative level.

There have been a couple of moments where the mask has fallen off to my mind. One has been their insistent pumping of some pretty questionable equities. See here. The second has been the hype around the apparent revelation that gold futures are in fact, gold futures. See the whole ridiculous Andrew Maguire "revelations" fiasco.

It wasn't Maguire himself that endlessly pumped the "paper to metal ratio of thousands upon thousands". And, actually, it turns out the recent civil lawsuits are based more on Maguire's allegations (which go into specific instruments and timings) than Butler's - I don't recall Butler ever mentioning massive, unfillable spoofing orders.

That's the reason I asked any US lawyers to comment on the other thread: those suits could not have been readied after Chilton made his comments, they must have been in the works for a while BUT if they were prompted solely by Maguire's info, isn't the delay since Maguire came out a bit much?

The fact that Jesse of J's Cafe Americain gives them the time of day gives me pause, but apart from that... grifters.

[jpetr48]

Re: Eric Sprott on Silver via KWN

Thanks for the heads up. I did read the thread started by EJ April 2010 on silver manipulation a few minutes ago.