Eric Sprott is CEO of Sprott Asset Management and a long-time proponent of owning both gold and silver. He is also a long-time proponent of the belief in the conspiracy theory whereby large financial institutions are colluding to drive silver prices down, as when prices fell from around $50 to $32 an ounce in May.
MarketWatch reports silver tumbles while gold zig-zags as rescue efforts are made to ease off the tensed global financial markets. People currently seem to prefer to sit on cash,” said Jon Nadler, senior analyst at Kitco Bullion Dealers. “Another reason [gold isn't rising] is that investors are scrambling to meet margin calls,” thus they have [...]
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