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Albert Sung is the author of the Katchum Macro-Economic Blog, monitoring breaking economic news from a day to day basis. He started investing in 2008 because of the economic crisis and holds a masters degree in chemical engineering. Previously, he worked several years as a process engineer at... More
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Katchum's Macro-economic blog
  • When Will Eric Sprott Price Another Offering Of PSLV Trust Units? 0 comments
    Feb 16, 2014 5:09 PM | about stocks: PSLV

    If you hadn't noticed yet, the PSLV Trust of Eric Sprott has seen a technical breakout in silver premium. So investors are now paying more to get their hands on the physical silver than paper silver.

    If this trend keeps going up, you can be sure that Eric will price another offering of silver trust units to take some silver off the market. He hasn't made an offering in 2 years, I'm sure he's itching to finally have one. Maybe this time will be the last blow to the imbalance in silver supply and demand before the silver price takes off.

    Disclosure: I am long PSLV.

    Stocks: PSLV
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