Canadian-based Eric Sprott Management CEO Eric Sprott filed a follow up prospectus for the purchase of an additional $1.5 billion of silver bullion to cover expected demand for the company’s exchange traded fund, PSLV.

Read more: http://www.beaconequity.com/%e2%80%9choly-jeepers%e2%80%9d-sprott-to-buy-1-5b-of-silver-bullion-2011-11-22/#ixzz1eanSlF3G....................Sprott well find out in Febuary from the Feds if he gets his banking permission to set up in Canada. This commodities bank would be back by silver and gold which Eric ownes 51 %. Silver Funds are seeing new restrictions on there lending ratios which well drive silver prices higher..)
Sprott makes a bet on a different kind of bank (The Globe and Mail- Oct 17, 2011)...................PS; Rookie, Sprott owns 15 % of :

Puma Exploration Welcomes Sprott Asset Management as a Shareholder

Rimouski, December 16, 2010 – Puma Exploration (PUM-TSX), is pleased to announce the closing of a private

placement in the amount of $1,000,000 with Sprott Asset Management LP for and on behalf of certain funds. With

this placement, Puma has issued 5,000,000 ordinary shares valued at $0.20 per share and 5,000,000 warrants. Each

warrant entitles the holder to subscribe for one ordinary share at a price of $0.30 per share until December 16, 2012..........without prejudice Traps7