Gold Coin Sales Spike To 3-Year High, Silver Sales Continue At Record Pace [View article]
Yes, hyping coin sales is....well.. hype. The author identifies the selling of ETFs as the primary recent cause for much of the price decline. The PM physical bugs will say that the price support for physical vs. ETFs is divergent. I don't agree. In hindsight, I think the 2013 drop in Gold ETF holdings can only be called a bubble. Here is what I believe: 1. The price between physical and ETFs won't diverge more than 10%. (i.e. there won't be a crash in ETFs while physical goes up). 2. Eventually sanity will reign and $ printing will cause all commodities to rise, especially PMs. When this happens ETFs will attract a lot of new money. For the same reason that they did in the first place: its easy to buy SLV & PSLV and difficult to buy large volumn of ASEs.
Don't Fret Over The Shrinking PSLV Premium [View article]
As much as I want to like this ETF, on principle, I just can't. I have recently traded all my PSLV into SLV. Here's why: Sprott makes an offering and the "premium" (i.e. relative price between Ag & SLV) goes down. Between Friday of last week and yesterday the price of Ag goes up significantly! SLV goes up too, 3% from close to close. But what does PSLV do? It goes up a full percent less. it's 'premium' is reduced again. Just in the last couple of days I have 1% more in value owning SLV. It seems that whatever Sprott does the PSLV price reacts negatively compared to the market. What concerns me about PSLV is that it has only been on the market for a little over 2 years. The initial premium seemed to be based more upon initial hype than the assumed fundamentals. You can call the difference in price between the silver open market and the share price a 'premium.' But I think this is misleading as a premium implies action in both the positive and negative direction. When Sprott buys silver, or the market moves significantly in either direction the PSLV premium goes more negative. I'm left with the question, "what will cause the premium" to go up?
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
Oooohhhh sounds like a deal! Where can I send you my money?
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
Characterizing a one-year timeline as 'day trading' makes about as much sense as pretending that there is a difference between PSLV and SLV in terms of physical ownership.
(I am bullish in the PMs and especially silver and both own ASEs and 'day-trade' as you say with fiat currency.)
It's just that the PSLV crowd is starting to sound a little cult like in their in their unsupported belief that PSLV offers some advantage. I know that you are going to flame me but after you get your venom out try to answer this basic question.
"If the price of open market silver has gone up over the last year but the price of PSLV has not kept pace, just where does the difference go?"
An excellent analysis of the difference between PSLV and SLV & other ETF can be found here: http://bit.ly/PPcJT8 I'll wait patiently for a factual discussion on any real differences.
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
Hmmm... Curious why no one has mentioned that if one year ago you had bought shares in SLV and the same number of shares in PSLV; you would have 10% more money in your SLV account. I guess that paying 10% of your total investment over the last year is a small price to pay for the 'security' of knowing that your silver is safe and that you are somehow leading the charge in putting a stick up the collective asses of the global silver manipulators. I guess I'm just not cultured enough as I would prefer to have the 10%.
Just in case you doubt, see the following link. http://yhoo.it/TzToUc;range=1y;compare=slv;...
Silver Is Not The Inflation Hedge You Want Right Now [View article]
True, that the shorts, JPM et al, desire a low and controlled price in silver. However, I disagree that there are any near term events that will force short covering. The can-kickers rule and will continue to keep the price as low as possible with just enough up-ticks to buy more shorts.
4 Little Known Factors Driving The Price Of Silver [View article]
…and the one primary factor driving the price of silver is the concentrated short positions held by a few banks. Funny, the author seems to have overlooked this basic fact.
Were Gold and Silver Manipulated Alongside LIBOR? [View article]
…..So what happens to the value of these two precious metals if it is discovered that they truly were manipulated? Prices would LIKELY TAKE A NOSEDIVE until finding what the market feels is a more reasonable level to sustain, but where that bottom lies is nearly impossible to predict…..
Cummans starts out ok and then takes a left turn out into space. What would you call that? Maybe ‘logic fart’ would apply. He agrees that the price has been manipulated to the low side but then pulls an assumption out of somewhere that when that manipulation ends the prices will….go even lower? How’s that bud? I guess he comes from the school of the more outrageous the claim the less likely to have to defend it. Here, I’ll fix it for you.
…..So what happens to the value of these two precious metals when it is discovered that their prices were manipulated to the low side? Prices would likely take a significant jump until finding what the market feels is a more reasonable level to sustain. Once the manipulator’s house of cards collapses, the precious metal’s market will attract many new customers…
Dramatic Decoupling Of U.S. Stocks From Global Equities To End [View article]
The proper term should be ‘biflation.’ Global commodities such as energy, timber, steel, and PMs have all been rising over the last few years. Regional items such as housing and labor costs have been declining. The author correctly identifies public and private debt as a driver of market instability but fails to draw the connection to other equally influential factors.
The divergence of derivatives is even more problematic to global financial health. This divergence is characterized by the astronomical difference between the price of a gallon of gas and the hundreds of trillions (that’s right, with a ‘T’) of vapor money that that is created by the largest banks in order to gain leverage over each other and the governments that increasingly serve their wants.
It is the combination of massive debts, plus the affect that vapor money derivatives will have that will feed the biflationary economic divide.
Putting The 'Bull' In Bullion: What Happens To Gold's 'Intrinsic Value' Post-Apocalypse? [View article]
The older I get the easier it is to spot false arguments like Skyler's. This one is real easy. Wake up Skyler! You won't have your double chai latte one day and then be roaming around in a post apocalyptic wasteland the next. If, and I say IF, things get that bad it will take quite a while to get there. There will be many opportunities for the PM holder to negotiate his or her metal holdings into what is needed to survive in this new environment. The holder of paper gold will have a much shorter window of time to cash in. Ok, back to your double chai latte and your smug attitude. Good day!
CME Silver Stocks At An All-Time High, Or Are They? [View article]
JPMorgan just topped 13 million troy ounces of silver deposited in its Comex approved depository. 10 million ounces were added in one month. Now, why would the entity most responsible for depressing the price of silver also be buying silver as fast as it can?....Is this the new definition of a ‘market maker’? One suspects that when they have their fill they will allow the price to rise.
Gold Coin Sales Spike To 3-Year High, Silver Sales Continue At Record Pace [View article]
The author identifies the selling of ETFs as the primary recent cause for much of the price decline. The PM physical bugs will say that the price support for physical vs. ETFs is divergent. I don't agree. In hindsight, I think the 2013 drop in Gold ETF holdings can only be called a bubble.
Here is what I believe:
1. The price between physical and ETFs won't diverge more than 10%. (i.e. there won't be a crash in ETFs while physical goes up).
2. Eventually sanity will reign and $ printing will cause all commodities to rise, especially PMs. When this happens ETFs will attract a lot of new money. For the same reason that they did in the first place: its easy to buy SLV & PSLV and difficult to buy large volumn of ASEs.
Don't Fret Over The Shrinking PSLV Premium [View article]
Between Friday of last week and yesterday the price of Ag goes up significantly! SLV goes up too, 3% from close to close. But what does PSLV do? It goes up a full percent less. it's 'premium' is reduced again. Just in the last couple of days I have 1% more in value owning SLV.
It seems that whatever Sprott does the PSLV price reacts negatively compared to the market. What concerns me about PSLV is that it has only been on the market for a little over 2 years. The initial premium seemed to be based more upon initial hype than the assumed fundamentals.
You can call the difference in price between the silver open market and the share price a 'premium.' But I think this is misleading as a premium implies action in both the positive and negative direction. When Sprott buys silver, or the market moves significantly in either direction the PSLV premium goes more negative.
I'm left with the question, "what will cause the premium" to go up?
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
(I am bullish in the PMs and especially silver and both own ASEs and 'day-trade' as you say with fiat currency.)
It's just that the PSLV crowd is starting to sound a little cult like in their in their unsupported belief that PSLV offers some advantage.
I know that you are going to flame me but after you get your venom out try to answer this basic question.
"If the price of open market silver has gone up over the last year but the price of PSLV has not kept pace, just where does the difference go?"
An excellent analysis of the difference between PSLV and SLV & other ETF can be found here: http://bit.ly/PPcJT8
I'll wait patiently for a factual discussion on any real differences.
The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
Curious why no one has mentioned that if one year ago you had bought shares in SLV and the same number of shares in PSLV; you would have 10% more money in your SLV account. I guess that paying 10% of your total investment over the last year is a small price to pay for the 'security' of knowing that your silver is safe and that you are somehow leading the charge in putting a stick up the collective asses of the global silver manipulators. I guess I'm just not cultured enough as I would prefer to have the 10%.
Just in case you doubt, see the following link.
http://yhoo.it/TzToUc;range=1y;compare=slv;...
Silver Is Not The Inflation Hedge You Want Right Now [View article]
4 Little Known Factors Driving The Price Of Silver [View article]
Were Gold and Silver Manipulated Alongside LIBOR? [View article]
Cummans starts out ok and then takes a left turn out into space. What would you call that? Maybe ‘logic fart’ would apply. He agrees that the price has been manipulated to the low side but then pulls an assumption out of somewhere that when that manipulation ends the prices will….go even lower? How’s that bud? I guess he comes from the school of the more outrageous the claim the less likely to have to defend it. Here, I’ll fix it for you.
…..So what happens to the value of these two precious metals when it is discovered that their prices were manipulated to the low side? Prices would likely take a significant jump until finding what the market feels is a more reasonable level to sustain. Once the manipulator’s house of cards collapses, the precious metal’s market will attract many new customers…
Dramatic Decoupling Of U.S. Stocks From Global Equities To End [View article]
The divergence of derivatives is even more problematic to global financial health. This divergence is characterized by the astronomical difference between the price of a gallon of gas and the hundreds of trillions (that’s right, with a ‘T’) of vapor money that that is created by the largest banks in order to gain leverage over each other and the governments that increasingly serve their wants.
It is the combination of massive debts, plus the affect that vapor money derivatives will have that will feed the biflationary economic divide.
The Death Of The Buy And Hold Investor [View article]
"Yes, but where are your clients yachts?"
Putting The 'Bull' In Bullion: What Happens To Gold's 'Intrinsic Value' Post-Apocalypse? [View article]
Wake up Skyler! You won't have your double chai latte one day and then be roaming around in a post apocalyptic wasteland the next. If, and I say IF, things get that bad it will take quite a while to get there. There will be many opportunities for the PM holder to negotiate his or her metal holdings into what is needed to survive in this new environment. The holder of paper gold will have a much shorter window of time to cash in. Ok, back to your double chai latte and your smug attitude. Good day!
CME Silver Stocks At An All-Time High, Or Are They? [View article]