A few days ago, Eric Sprott decided to take advantage of the record premium over NAV of his physical silver fund PSLV (or for some other arbitrary reason) and to issue a $300MM follow-onoffering, whose proceeds would be used to buy up silver to add to PSLV’s existing physical holdings. Naturally, as soon as the news broke, the premium dropped to about 10%, making PSLV holders unhappy. This is not the [...]
The madness overwhelming the silver market has to be seen to be believed. Prices have skyrocket
The madness overwhelming the silver market has to be seen to be believed. Prices have skyrocketed in the past few days. The U.S. Mint has sold out of Silver Eagles, and is quoting several weeks’ delivery.
Everyone is getting in on this. While I was in a local coin and precious metal [...]
From WSJ:
Does every silver cloud have a dark lining?
Few assets have been hotter lately than silver, which has gained about 160% over the past year. So far in 2011, four major funds that specialize in the gray metal—iShares Silver Trust, Sprott Physical Silver Trust, ETFS Physical Silver Shares and PowerShares DB Silver Fund—are up between 50% and 59%.
The iShares fund has tripled over the past year, to [...]
By Jeff Clark
There have been numerous reports of bullion shortages in many parts around the world, along with rising premiums. And the two explanations – we’re running out of gold! and, it’s just a manufacturing bottleneck – are at odds with one another. So, who’s right?
First, the data. The following has been reported since New Year’s eve horn-blowers were put away:
Report from China: “…premiums for gold [...]
By Jeff Clark of Casey Research
Bottleneck or Supply Deficit?
There have been numerous reports of bullion shortages in many parts around the world, along with rising premiums. And the two explanations – we’re running out of gold! and, it’s just a manufacturing bottleneck – are at odds with one another. So, who’s right?
First, the data. The following has been reported since New Year’s eve horn-blowers were put [...]
|
It only takes a few moments to share an article, but the person on the other end that reads it might have their life changed forever
Contact Information:
Submit: articles [ at ] investmentwatchblog.com
Advertising: ads [ at ] investmentwatchblog.com
General: admin [ at ] investmentwatchblog.com
|
