ancona
Praying Mantis
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.
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.