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DMac
14th July 2010, 01:41 PM
Move over Hunts. I think this will be a really big deal. The success of Sprott's gold fund is due to them actually having the gold. Can you say silver short squeeze JPM? I bet you can!

Will Sprott's Brand New Physical Silver Trust Become JPMorgan's Biggest Nightmare? (http://www.zerohedge.com/article/will-sprotts-brand-new-physical-silver-trust-become-jpmorgans-biggest-nightmare#comments)
gunDriller
14th July 2010, 05:25 PM
Move over Hunts. I think this will be a really big deal. The success of Sprott's gold fund is due to them actually having the gold. Can you say silver short squeeze JPM? I bet you can!

Will Sprott's Brand New Physical Silver Trust Become JPMorgan's Biggest Nightmare? (http://www.zerohedge.com/article/will-sprotts-brand-new-physical-silver-trust-become-jpmorgans-biggest-nightmare#comments)


they'll probably accuse Eric Sprott of trying to kill his wife, and give him a cell next to Edgar Steele.
Serpo
15th July 2010, 04:36 PM
Sprott Physical Silver Trust

http://www.sec.gov/Archives/edgar/data/1494728/000104746910006332/a2199292zf-1.htm#dc70601_the_silver_industry
Hugginator
15th July 2010, 05:45 PM
Wow! That's alot of information. The only problem I see is even though they are trying to play by the rules and win, the rules will be changed before that's allowed to happen. Its the Hunt story revisited. I wish them lots of luck, but that's not going to be enough.
joe_momma
15th July 2010, 06:12 PM
Good Article
http://www.zerohedge.com/article/will-sprotts-brand-new-physical-silver-trust-become-jpmorgans-biggest-nightmare

Better insider's view of Investment Banks shenanigans! (Good read for newer BMs)

http://www.zerohedge.com/article/exclusive-second-whistleblower-emerges-deep-insiders-walkthru-silver-market-manipulation
gunDriller
16th July 2010, 06:50 PM
I would think the huge VAT tax applied to purchases of precious metals in countries like England would create a HUUUUGE incentive for people to utilize funds like Sprott's to invest in physical gold & silver.
mamboni
26th July 2010, 06:41 AM
The symbol is supposedly PSLV (i.e. Physical SLV - cute) but I did a search on Yahoo Finance and nothing comes up. Are these shares available for sale to the public yet?
gunDriller
26th July 2010, 10:40 AM
The symbol is supposedly PSLV (i.e. Physical SLV - cute) but I did a search on Yahoo Finance and nothing comes up. Are these shares available for sale to the public yet?


http://finance.yahoo.com/q?s=PHYS

/\ the gold trust.

i don't think so. Sprott talked about this in an interview, said he couldn't answer a question about silver because they were reviewing his silver paperwork.

it sounds like it's a work in process.

it also sounds good, overall. i wonder in a real financial meltdown, how reliable Sprott's funds will be.