Sunday, December 4, 2011

Coeur Silver Mining Company considers Billionaire Eric Sprott’s advice of holding silver over cash

Coeur, the biggest primary Silver producer in the US, is considering Eric Sprott’s advice of keeping some of its reserves in silver rather than cash.

“It would provide additional leverage to investors. If we are bullish on silver and Gold as companies, one of the underlying themes there is the weakening US dollar, in our case. It’s an idea that’s consistent with why we feel good about silver and gold prices”, Coeur CEO Mitchell Krebs was quoted by Mining Weekly Online


This is awesome. This could be the proverbial "Silver Bullet" that silver bulls have been waiting for. Either way, just the thought of it must scare the crap out of JP Morgan and other large paper silver shorts.