Price smash downs in silver and gold leading up to Basel 3 indicate that the banks are exiting their short positions in anticipation of higher metals prices.
Steve Cope comes briefly to the show to talk to us about his perspectives on Basel 3, as well, to introduce us to Silver Viper.
Silver Viper just released their 43-101 report on the La Virginia project. It confirms what we thought they had, including 12 million ounces silver and 260 thousand ounces of gold.
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