He's got some valid arguments despite his ranting style. If companies like JPM and GS can manipulate markets and play the games that are currently being played, and actually privatize sovereign assets, it doesn't seem like too much of a leap to think that they can play the paper game with PM equities and acquire assets in the ground for pennies on the dollar. Even though I've been watching these events with fascination for years now I know I can't even imagine the level of criminality that exists. That MF Global could be pillaged for billions in plain sight without any action is an eye opener.

As for Sprott? Well if you take Andy's perspective it would follow that Eric would want to hedge and be long some of these quality companies just in case the manipulation went haywire, which he is trying to help facilitate by his physical funds.

You've got to wonder why Bill Fleckenstein resigned from the BOD of PAAS only a couple of months prior to this announcement of the acquisition of MFN. This merger was almost certainly on the table at that time.