The entrance of Carlos Slim into the market will not alter the strength of a trend that showed signs of accelerating in early 2010. The entrance of big names and money, however, will add to the drama on both sides of the trade as 2012 approaches.
Headline: Is the World’s Richest Man Getting Into Silver?
A source in mergers and acquisitions out of Europe has alerted King World News that Carlos Slim may be looking to enter the silver market in a big way. Gold and silver are in big bull markets and this is attracting the attention of some of the smartest money around the globe. James Turk commented, “If this deal does happen Eric, this is going to make the silver shorts choke.” Fresnillo has a current market cap of roughly $19 billion.
Post Source: Drama In The Silver Market