Eric Sprott is one of the biggest names in the Canadian resources sector. In this video he points to a fundamental disconnection between the very high demand for physical silver at the moment in comparision with the very limited supply situation.
He predicts $100-plus an ounce coming soon for silver. His fundamental view contradicts the chartists who contend that we are about to see a repeat of the 2008 collapse in the silver price as the stock market tanks.
Interestingly silver rebounded almost five per cent this morning in response to the S&P downgrade of US debt, the reverse of the chartist’s expectations.
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