when silver moves it will move fast, page-33

Silver: When it reached $49.50 there was suddenly 1 billion ounces of ‘paper' silver released onto the market. Sprott is convinced that certain people in the market with very big short positions manipulated the price down. "We see very strange things happening in the silver market" said Sprott.

He couldn't understand also why people in Europe were not buying gold given their financial system is collapsing around them.

Why does Sprott like silver so much? People buy 50 times more silver than gold and while paper silver may be ruling the market, the day of physical will come. "When currencies fail" said Sprott "gold will become a part of the official reserve currency and silver will have a very, very major role again."

Sprott concluded by saying while he loves gold, loves the data, that silver will still be the investment of the decade. "Stay the course" he said. Even though Central Banks et al may be working against you gold and silver will ultimately prevail as fiat currencies continue to decline in value.
{ This news was posted late today.}