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Jabalong

Jabalong
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  • The Great Silver Bull and the Curious Case of PSLV [View article]
    Is PSLV's current 19% premium to NAV extremely high? Absolutely, but there is no mystery as to why it exist. It simply comes down to supply and demand within a closed fund. Too many people want in and in the absence of new shares being created, the premium is running up.

    The fact that PSLV's premium has gone so high has to do with all the interest in the fund since its launch and in the silver market generally. But such premiums aren't unusual in closed-end funds, with CEF and its sister funds also seeing double-digit premiums at time. The solution is clear, as eventually Sprott will buy more silver and issue new funds, which will take some air out of the premium. CEF does this a couple of times a year usually.

    That said, premiums are bound to remain high in such silver funds as the price rises and tightness in the physical market persists. And as long as people don't have confidence in paper money or looser vehicles like SLV, the premiums in these more solid funds like PSLV will remain high.
    Mar 25, 2011. 09:19 PM | Likes Like |Link to Comment
  • 5 Surprising Facts About the ETF Industry [View article]
    I'm not sure that I would want to put my money in Argentina, just a little surprised there isn't an ETF - I'd think that for better or worse one will come in the not so distant future.
    Apr 17, 2010. 12:53 AM | Likes Like |Link to Comment
  • 5 Surprising Facts About the ETF Industry [View article]
    I can understand there being no US ETF for Iran, and to a lesser extent Pakistan and Saudi Arabia, but why none for Argentina?
    Apr 14, 2010. 08:35 AM | Likes Like |Link to Comment
  • Momentum Book Update: Obvious Melt Up [View article]
    Good call on IVAN, which rose 10% on Monday off Friday's close, though not sure what prompted the move. Was there anything in particular that led you to add it this week?
    Mar 23, 2010. 01:21 AM | Likes Like |Link to Comment
  • 4 Little Known Secrets of Ultra-Popular ETFs [View article]
    The Hong Kong exchange is the main avenue for foreigners to invest in mainland Chinese companies, so it's inclusion in a BRIC ETF for instance shouldn't be a surprise, should it?
    Feb 16, 2010. 08:21 AM | 3 Likes Like |Link to Comment
  • Twelve Dividend Stocks Increasing Dividends [View article]
    Thanks for the article. As a suggestion, it would be nice if you could bold the company names in this kind of story. As a reader when you see "12 stocks" in the headline, you'd like to be able to scan the article and quickly see them, which would be much easier if the names were in bold. Cheers.
    Feb 3, 2010. 08:19 AM | 1 Like Like |Link to Comment
  • Las Vegas Sands: Time for 'Low Quality' Stocks? [View article]
    I don't think LVS is a low-quality stock as it is well placed to do well in Asia's expanding gaming markets. It's had debt issues of course, but I think there's fundamental value to its brand and market positions. Don't know about the timing of entering it now or not. I missed the boat on it this summer and while I think it can go higher, it's a longer-term stock that I'll probably look to pick up on the next market correction (famous last words maybe).
    Jan 8, 2010. 09:40 AM | 1 Like Like |Link to Comment
  • Matt Taibbi: Obama's Big Sellout [View article]
    George Bush wanted to cut to the chase quickly and saw things in black and white, both traits which got him into trouble on poorly thought out and/or ideologically blinded bad policy. The opposite is the problem with Barack Obama, in that he seems keen to exhaust all possible debate and hear every opinion even if it means dragging things out. This was Bill Clinton's problem too - maybe it's the problem of voting deeper thinkers into executive rolls. That said, I'd rather have a president who thinks too much about issues, then one who's prone to not think them through enough. And maybe with Obama's more deliberative process, whereas his first year has seem underwhelming, his second year might deliver more obvious results of the seeds slowly sown in the first. In the end, Obama like any president should and will be judged by the sum of his term as president at the next election, and not just after the first year. And with that in mind, we'll have a much better idea of his presidency in a year or really two from now, at which point his presidency will start to shift into a more focussed re-election mode.
    Dec 13, 2009. 10:01 AM | 6 Likes Like |Link to Comment
  • Jim Rogers: Lessons from a Legend [View article]
    I like Jim Rogers, but his whole "buy a farm" line, which Marc Faber is fond of as well, is nonsense. If it was such a good idea, these guys would put their money where their mouths are and become huge farmland owners. But they haven't and they're not. Better advice on this score would be "move to Singapore" or some place like it (low taxes, good climate, strong economic growth, etc). That at least would seem more credible since that's what Rogers has done, as has Faber (lives in Hong Kong and Thailand). Now I do like commodities and investing in agriculture-related plays might be very good, but just don't go off trying to be a farmer just because guys like Rogers are fond of flippantly suggesting it.
    Dec 11, 2009. 07:30 AM | 5 Likes Like |Link to Comment
  • Is a Gold Correction Imminent? [View article]
    10% correction?. Sure, at some point. But a 20-40% correction? Dream on.
    Dec 4, 2009. 08:41 AM | 5 Likes Like |Link to Comment
  • Claymore Closing Four of Its 17 ETFs on Deathwatch [View article]
    Is this Claymore related to the Claymore silver trust that trades in Canada?
    Dec 2, 2009. 02:18 AM | Likes Like |Link to Comment
  • Gold Volatility to Rise as Phase II of Global Credit Crisis Unfolds [View article]
    I don't doubt that when people hit crisis mode, gold will get hit initially too, like we saw last week on the Dubai news. But I see that as only a short-term issue, as once people look around, particularly amid anything to do with currencies, that none of the currencies look particularly good (Japan's economy for instance is headed for potential shocks, which can only hurt the flight to yen "safety" eventually). And it's amid this ongoing realization that more people are turning to gold as an anchor for capital preservation - even the central banks now (see Russia, China, India, Sri Lanka, Mauritius, etc recently).


    On Dec 01 02:24 AM Kevin Mulhern wrote:

    > Not so sure on this, I remember when the hallowed GS analysts were
    > predicting oil at $200 in the summer of '08. I'm starting to feel
    > that this gold trade is massively overcrowded and ripe for a collapse
    > considering everyone is putting on $2000-something price targets.
    > Not that I much faith in the U.S. dollar, but if sovereign debt defaults
    > really do become a serious issue, I could easily see safety money
    > flowing back into the dollar (Japan has serious debt problems too).
    Dec 2, 2009. 02:14 AM | Likes Like |Link to Comment
  • Today in Commodities: The Year Is 11/12ths Over [View article]
    "When you buy SLV and see it move from $15 to $20 and make your 33%, understand when trading 5,000 ounces that same move in the futures represents $25,000."

    Could you explain this a little more? If I buy 5,000 shares of SLV and it moves $5, that represents $25,000 too, doesn't it? Don't doubt that a leveraged futures bet can pay off bigger, but just trying to understand how by the numbers you mentioned. Can also make a leveraged play on SLV via options, no? Just curious.
    Dec 2, 2009. 01:55 AM | Likes Like |Link to Comment
  • A Guide to Agricultural and Industrial Commodity ETFs and ETNs [View article]
    Good article, though I'd just point out that some of the reading is old, so liable to be outdated particularly in light of new and evolving rules on position limits in the US.
    Nov 20, 2009. 07:50 AM | Likes Like |Link to Comment
  • GDXJ: Who Belongs, Who Should Be Replaced [View article]
    Interesting article, though I wish it was clearer which were the additions and deletions. Five clearly say they are deletions (Alamos, Gammon, Golden-Star, Northgate, San Gold) - is there a sixth? And which are the additions?
    Nov 20, 2009. 07:28 AM | Likes Like |Link to Comment
COMMENTS STATS
34 Comments
37 Likes