The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label pslv. Show all posts
Showing posts with label pslv. Show all posts

Saturday, January 21, 2012

Silver moves well over $1 on Friday due to QE3 expectations and Sprott PSLV

Silver had a wonderful day on Friday, sparking a 5% move to close at $32.30.  Along with silver, gold, Platinum, other metals and the Dow all increased by the end of trading.

What were the catalysts for these moves?  It may have been a two-fold action.  First, the dollar was in decline throughout the day, and the Euro has recovered around 300 bps since its 126 lows earlier in the week.  This could very well signify that the markets are factoring in QE3 by the FED, and the rumored $1 trillion in quantitative easing.  Secondly, and particularly for silver, buying may be in play by Eric Sprott for his PSLV etf, in which he guarantees all contracts will be backed by physical silver, as opposed to the JP Morgan manipulated SLV and GLD on the American exchanges.

Here is the kicker as well... if $300 million purchased in silver can lead to a 5% increase, how much could a $3 billion or more move cause the price to climb?

"Today’s incredible move was the culmination of a comment made by UBS analyst Edel Tully. He stated that hedge fund manager Eric Sprott may be in the market buying spot futures in a private letter to his clients." And even as the premium dropped, the price of spot silver increased by over 5%, on the speculation of silver being taken out of the market and delivered to Sprott.

So to summarize: speculation that $300 million in physical silver may be taken out of circulation raises the price of the underlying by 5%. Does that mean that a $3 billion follow on would result in a 50% rise in spot; $30 billion in 500%, and so on? - Zerohedge

Saturday, January 7, 2012

Silver now in backwardation as paper and physical prices much different

Wall Street always wants people to focus on the paper products they sell, and in doing so, try to establish false prices for commodities such as gold and silver.

Fortunately, those who own physical metals are usually not fooled when the paper prices fall, or rise based on rumors and manipulation.  This can be expressed in no better terms than backwardation.

Take for example Eric Sprotts PSLV etf which is truly backed 100% with physical silver.  Even as the futures price at the CME and NY markets have fallen some 30%, the premium for the actual physical silver has JUMPED 30% to equate the actual price value vs the paper price.

...one can either try to procure gold and silver at a retail merchant, or one can look to the premium of a dedicated physical ETF over spot. Such as Eric Sprott's PSLV which as of today is trading at an all time high premium of 30%! In other words, someone is willing to pay up to 30% over spot for the right to be closer to the physical metal than merely have a paper claim on a paper claim (pre hyper rehypothecation and what not). - Zerohedge

Courtesy of Zerohedge

So always check and double check the claims of price falls on silver and gold, especially if you hold the physical metal.  Supply and demand rule the actual price much more than bank determination to prop up the fiat dollar, and keep the people in the dark on the metals true value