COVER STORY

THE ANALYSIS OF GOLD AND SILVER

/ / / /CFP

ic
Er

Jim Rogers

t
rot

Sp

Jim Rogers

Jeff

Chr

istia

1973
104200%198037
19901992
1998
RICI

use

w
dre

Ga

An

Jon

Nad

ler

James Turk

Q1:

Q2:

100

Q3:

20111550/50/

1015

527%1980

30

70000E T F

10 2011.06

2011.0611

COVER STORY

Eric Sprott

Scotgold

Cononish

564,656
10.55
g/t 55.0
g/t

Q1: PSLV
SprottSprottPhysicalSilverTrust,PSLV

6%

PSLV22%

0.25%

PSLV22%

150

10
20

Q5:

:2530

4025

Q4:

12 2011.06

1969
422008

Sprott
40
90

2008

Sprott

Q2:

10100

10
50
331/320

5050

13615,

15

2030

2010150%

2011.0613

COVER STORY

James
Turk

Q3:

10

Q4:

Q1:

Q2: 7

310

20%
30%5000

4000%400%

Q3:

CBOT20061017CME

1800/

GoldMoney
1987

Q4:
ETF

Q5:

50

40650

1611600100

TIPS

2000130

Backwardation

14 2011.06

2011.0615

COVER STORY

Andrew Gause

30

20

23

35

420%5

77

3.223000

167036
20132500
115

Q4:

70

10

21979

13

1869

19791980

19801

11

Q1:

20028

Q3:

1980

5000

1971

200

Sprott

2010

Q2:

C a r l o s S l i m

16 2011.06

2011.0617

COVER STORY

Jeff Christian

CPM Group

CPM Group1986

J. Aron & Company

J.
Aron & Company
CPM Group

CPMCPM

Jon Nadler

Q1: 5

Q1:

57

51525

3133

4374945

3.6747003.6

429

5%8%

10%12%

ETF

Q2: 5

Q2:

6.6

1130252620

5.515.5

25

30

Kitco

Kitco

Q3:

2013
2014

Q3: Kitco

36

Q 4 : 1380
1400/26/

18 2011.06

SUMMARY

CFAPacificLinkAdvisorsLLC
2011.0619