Look at the whole pitcure will ya! LOL That's a joke right? LOL I beginning to feel that maybe you should follow Cramer's recommendation. ETF is the only factor to consider on the play? Please ... Pisst, hey buddy go short some more ... I want some more cheap shares.
The ETF will help the pps indirectly by taking a considerable portion of the above ground silver off the market, but what it is really about is SLW's business model. They buy their silver at a rediculously cheap price and sell it for the current PoS. Pretty simple stuff, and even if silve were to correct all the way down to 7 or 8 they are still making a boat load. It is all about revenue and earnings. SLW's will be great because of their business model. I don't get Jim Cramer in Australia and am thankfull. Someone said that he didn't like it because of excavation costs????? Thye don't even have excavation costs as they buy their silvera as a byproduct of other companies mines. What a self serving idiot Cramer is. I hate that guy and all his lemmings.
If one of your neighbors declares that he wants to buy all the properties in a square mile section of your town for his own development, are you going to sell your property for the same price it was appraised at prior to his declaration? No way! Similarly, silver has already been appreciating in price in anticipation of the ETF.
As stated in the letter from the AMEX to the SEC (I think that was the source), Barklay's is intending to start the fund with three units, totaling 1.5 mil oz. The rest of the 130 mil merely represents authorized shares. Buying to back those up will depend on demand for the ETF in the marketplace.