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Old 01-07-2012, 09:36 AM   #1
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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
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Old 01-07-2012, 10:36 AM   #2
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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.
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