Why Hong Kong Mercantile Exchange is a game-changer
If you’re still bearish on long-term silver prices, you’d better reconsider your stance.
Dollar-denominated Chinese silver futures were scheduled to begin trading on the Hong Kong Mercantile Exchange early today. This development will grant Asian investors direct access to the metal and will blunt the U.S. dominance in silver-bullion trading.
It’s also highly bullish for long-term silver prices.
Let me explain …
Monday, July 25, 2011
Wednesday, July 13, 2011
Gold ,Silver, Stocks: What the Big Guys are Saying
Some of the biggest names in the Canadian investment sector talk to Stockhouse about their views on the outlook for precious metals and underlying stocks.
Sprott Inc. Chairman Eric Sprott
Veteran Canadian money manager Eric Sprott believes silver will emerge as the investment opportunity of the decade and may reach US$50 an ounce before the end of 2011.
As anti-government demonstrations in Egypt sent U.S. stocks into retreat on Friday, lifting some of the selling pressure on precious metals, a Canadian money manager said he expects silver to emerge as the investment opportunity of the current decade.
Eric Sprott, the 66-year-old Chairman of Toronto-based Sprott Inc., said he is prepared to bet that silver prices will not only rebound from the recent peak of US$31.24 an ounce, they will also reach highs not seen since 1980s, when the white metal reached an all-time high of almost $50 an ounce.
Sprott Inc. Chairman Eric Sprott
Veteran Canadian money manager Eric Sprott believes silver will emerge as the investment opportunity of the decade and may reach US$50 an ounce before the end of 2011.
As anti-government demonstrations in Egypt sent U.S. stocks into retreat on Friday, lifting some of the selling pressure on precious metals, a Canadian money manager said he expects silver to emerge as the investment opportunity of the current decade.
Eric Sprott, the 66-year-old Chairman of Toronto-based Sprott Inc., said he is prepared to bet that silver prices will not only rebound from the recent peak of US$31.24 an ounce, they will also reach highs not seen since 1980s, when the white metal reached an all-time high of almost $50 an ounce.
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