"Is SLV, that king of all paper silver funds, finally falling out of favor? It certainly seems so. SLV had its 3rd biggest up day on October 4, and despite that, the amount of the silver in the fund fell sharply that same day. Andy Schectman at Miles Franklin is reporting that this is the...
Two news stories from today:
I found this interesting:
More (long): http://www.sprott.com/markets-at-a-glance/open-letter-to-the-world-gold-council/
The WGC responded with some weak sauce (the comments to the article are entertaining)...
Continued from last year's thread...
It's been 3 days since the last report.
The following report details changes from 12/30 @ ~9am to 1/2 @ ~9am:10 ozt gold bars - from 69 to 54. Pamp (-10), JM (-4), JM "bache" (-1 sold out)1 ozt gold bars - from 2498 to 2196. Apmex (-59), Pamp (-142), Pamp...
Silver to gold ounces sold = ~54.87 : 1 ratio.
At an average (over the course of the year) GSR of say, 54, that looks to be roughly even money going into physical gold and silver from the US Mint.
Amazing. Investment demand outpaced domestic production all by itself. We must have imported a "few" tons of silver for industrial use too I guess.