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SPDR Gold Shares Message Board

silverbars 7 posts  |  Last Activity: Sep 24, 2014 9:22 PM Member since: Mar 9, 2007
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  • Buying hand over fist. That's another 74.6 tonnes stored away in the SLV vaults.

    There are two markets to watch, the paper one and the real one. When you see big money going into the real one its a good assumption that something is up.

    Ounces in Trust
    as of 24-Sep-2014

  • silverbars by silverbars Sep 22, 2014 8:01 PM Flag

    Today SLV added another 2.397 Million ounces. Bullion dealers are having record sales. Premiums are rising on phiz.

    Not so much in gold, but who knows how much extra the Chinese are gobbling up right now.

  • Reply to

    Sheeple Selling and I'm Buying

    by invest83838 Sep 19, 2014 4:13 PM
    silverbars silverbars Sep 20, 2014 8:41 PM Flag

    On the Silver Doctors Metals and Market weekly wrap they stated:

    "Physical silver demand EXPLODES as SDBullion records highest single day sales total ever Friday, & physical silver shortages return to US wholesale & retail markets- is a silver premium spike next? (Industry contacts warn the answer is YES)"

    It's like an after Christmas sale, but for the stackers.

  • Reply to

    Sheeple Selling and I'm Buying

    by invest83838 Sep 19, 2014 4:13 PM
    silverbars silverbars Sep 19, 2014 5:44 PM Flag

    I kinda get the feeling that most of the coin shops are going to get pretty much cleaned out of silver bullion this weekend.

  • Just bought a new cycling helmet and was surprised to see that the inside padding is infused with 99.9% pure silver coated threads. I'll have to see how well it works. The padding in older helmets can get a bit stinky after a while.

    These are some sharp people making all these antimicrobial products from silver. From their website:

    "X-STATIC® inhibits the growth of bacteria in the fabric, keeping odors in check especially for non-launderable items such as helments"

    Now they just need to hire some office staff personnel who can spell.

  • silverbars silverbars Sep 10, 2014 4:47 PM Flag

    With PSLV and PHYS the arbs basically will put a floor on the discount, but not the premium. They can withdraw metal (redeem shares), but can't add. The sky is the limit on the premium, but it's totally illogical to pay a 5%+ premium for something you can get cheaper in physical form at your local coin store.

    PHYS which has been trading at a discount to NAV lately continues to lose gold due to the arbs - another 12,034 ounces redeemed at the end of July.
    6,150 ounces redeemed at the end of June.
    91,680 ounces redeemed at the end of Jan.
    83,890 ounces redeemed at the end of Dec 13'.
    19,200 ounces redeemed at the end of Nov 13'.
    17,256 ounces redeemed at the end of Oct 13', etc, etc.

    Total amount since the fund went into discount in May of 2013 is 251,493 ounces redeemed. The interesting fact is that BEFORE Sprott's last secondary offering in 2012 the fund held 1,403,988 ounces and today after all the redemptions the fund only holds 1,365,339 ounces. So, it lost the entire amount added in the secondary plus another 38,649 ounces.

    The arbs buy the discounted shares for redemption and simultaneously sell physical at spot (deliverable at the end of the month) and pocket the difference. Nothing has shown up as being redeemed at the end of Aug 2014 yet.

  • Reply to

    Secondary Offering within 1%

    by frn_scam Jul 10, 2014 11:34 AM
    silverbars silverbars Aug 26, 2014 2:16 PM Flag

    The secondary offering will come within the next 9 months as the cash levels in the trust will run out after that. Only about $3.5 million cash left in the PSLV coffers and with a .45% maintenance fee that's about $360,000 a month out the door (gas money for the Sprott corporate jet?). So, if you are a current shareholder you should expect a temporary ~3% loss when the dilution occurs. If you are looking to buy into PSLV you might do well to wait until after the secondary. Best deal now are the low premiums on phiz.

115.39+0.53(+0.46%)Nov 21 4:00 PMEST

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