Physical Demand is Breaking Gold and Silver Manipulation, Eric Sprott Says

Mining entrepreneur Eric Sprott, interviewed this week by the TF Metals Report's Craig Hemke on Sprott Money's "Ask the Expert" program, says demand from China and India for real metal is starting to break the longstanding Western-based manipulation of gold and silver prices.

Many people, Sprott says, are realizing that "currencies aren't to be trusted" anymore. He believes that declines in the major gold and silver exchange-traded funds do not signify investor selling but rather shorting raids by bullion dealers exchanging the shorted ETF shares for real metal so they can meet some very inconvenient demands for delivery.

Sprott says he is most bullish about silver and again credits silver market analyst Ted Butler of Butler Research for his many years of work exposing silver market manipulation.

While he feels that major gold producers "have failed us," Sprott says intermediate and small gold mining companies are showing signs of life and have great potential and soon will attract much more interest. The last bull run in the monetary metals, he notes, produced mining share gains of hundreds of percent.

Hemke's interview with Sprott is 32 minutes long and can be viewed at YouTube here:

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