Thread: Gold Now World's Reserve Currency, Silver Manipulated Lower

Eric Sprott Says Gold Is Now The World's Reserve Currency, Says Silver Was Manipulated Lower

Submitted by Tyler Durden
05/12/2011 15:34 -0400
238 comments

Eric Sprott making headlines in Vegas:

• SPROTT SAYS GOLD IS NOW THE WORLD'S RESERVE CURRENCY
• SPROTT SAYS SILVER WAS `MANIPULATED' DOWN IN PRICE
• SPROTT SAYS PEOPLE IN IRELAND, GREECE ALREADY FLEEING BANKS
• SPROTT SAYS SAVERS WILL FLEE BANKS TO PUT MONEY INTO GOLD

Naturally he will be called a nutjob and a tin foil-hat wearing moron, until he is, of course, proven right, at which point the conspiracy theory becomes non-conspiracy fact.


http://www.zerohedge.com/article/eric-s ... ated-lower

Summarizing The SALT Vegas Conference: Key Bullet Points From Cohen, Dinan, Ainslie And Englander

Submitted by Tyler Durden
05/12/2011 14:54 -0400
19 comments

Save yourself the $1,000 bottle service at Tryst (not to mention the always failing Martingale strategy (unless you are the Fed or a Primary Dealer with discount window access of course) at the high rollers table), and cut right to the chase with this summary of the key points by Stevie Cohen, Jamie Dinan, Lee Ainslie, Izzy Englander and Jeremy Siegel.

Steve Cohen, SAC Capital: Energy ‘Interesting’ After Plunge

• Steven A. Cohen, the billionaire founder of hedge fund SAC Capital Advisors LP, said last week’s selloff in commodity markets makes this a good time to buy stock in energy companies.
• Energy is “an interesting sector,â€