Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Silver Bug

Reply
 
LinkBack Thread Tools
Old 01-07-2012, 08:36 AM   #1
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Silver premiums going parabolic?

A big hat tip to Harvey Organ's blog for this little tidbit I lifted:

And now for our premiums to NAV for the funds I follow:




1. Central Fund of Canada: traded to a positive 2.6 percent to NAV in usa funds and a positive 2.9% to NAV for Cdn funds. ( Jan 5 2012.).
2. Sprott silver fund (PSLV): Premium to NAV rose big time to 28.98% to NAV Jan 5. 2012 wow
3. Sprott gold fund (PHYS): premium to NAV rose to a 5.54% positive to NAV Jan 5. 2012). wow


.It looks like many saw the parody clip yesterday whereby Jamie Dimon blew a gasket that Eric Sprott was on the prowl looking for silver.


just take a look at the premium in silver...28.98%.


and take a closer look at the premium in gold...5.54%


physical metal is starting to distance itself from paper.

So, it's starting to look like silver is setting up for a spring runup. I have watched the premiums rise on Ebay since early december to nearly a nine dollar premium on several transactions, and similar action in gold. Could there be a severe shortage that Da Boyz are trying to frantically hide? When I saw how much silver moved around it was pretty awesome, and it looks like [per Harvey] they are putting fires out everywhere now.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 01-07-2012, 09:36 AM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,014
Liked: 2443 times
Please note that at the time that Sprott's shelf filing became public knowledge, he essentially said the additional purchases would be contingent upon additional investment into PSLV. Looks like that is happening now if the rising premium is any indication.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is online now   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
ebay premiums for gold and silver DoChenRollingBearing PM Bug 2 12-19-2011 01:58 PM
Chinese Silver Investment Going Parabolic PMBug Silver Bug 14 12-19-2011 08:37 AM


All times are GMT -5. The time now is 02:40 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.