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I'll answer my own question: http://blogs.barrons.com/focusonfunds/2012/07/12/ignore-todays-noise-in-sprott-silver-fund/?mod=yahoobarrons&source=email_rt_mc_body&ifp=0 "The Sprott fund is down 3.8% in mid-Thursday trading at a time when the iShares Silver Trust (SLV) is up 0.3%. What gives! You ask. Sprott priced a follow-on offering of 18.1 million shares at $11.05, for proceeds of about $200 million, or $230 million if underwriters exercise their over-allotment option. Judge the offering by its relationship to the net-asset value, which stood at $10.71 as of yesterday, or a 7.2% premium to the market value, according to CEF Connect. The offering priced at 3.2% above last night’s NAV. In plain English, Sprott turned some of the fund’s premium into cash it can use to buy more silver in the future. And it got a better price for the shares than the value of the underlying assets." Ended up buying a teeny bit more at $11.01! AGQ actually closed the day up 0.68%
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How on earth has PSLV dropped 4.3% today whilst AGQ is only down 1.7% !?
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http://www.businessinsider.com/how-to-short-a-continued-gold-collapse-2012-7 "Technical Chart Shows Major Opportunity Betting On A Gold Price Collapse" !
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It's almost an oxymoron.
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HSBC to Hang Seng? I think HSBC are amongst the safest out there of the global banks.
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Just ordered this too, thanks for the suggestion.
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Surely silver will follow a similar route? I was hoping not to have to go in and out of gold/silver too much.
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Gold not to peak until 2025? In which case I'm stuffed! http://profitimes.com/free-articles/20-years-from-now-gold-12000-silver-1000/
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Big piece on gold from Business Insider today http://www.businessinsider.com/the-truth-about-gold-2012-5#
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I started averaging in (small amounts) on Tuesday. Wish I knew when it would stop falling. There seems to be a lot of bearish sentiment floating round which is good, but gets me thinking I should be waiting until silver nudges below $27 before buying in bulk. I wish I understood options, so I'm going to have to give the calls and puts game a miss. Can you recommend any good books on options for lower intelligence people like me DrBubb.
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Hi do you still have positions in AGQ?
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My main reason for buying gold a few years ago was negative real interest rates. This argument still seems firmly intact, and it doesn't appear there will be a volcker-esque move to tackle this for quite some time.
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http://www.marketwatch.com/story/no-qe3-gold-silver-bonds-get-creamed-2012-04-03?link=MW_latest_news Long US stock market and US dollar and short Gold!
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http://seekingalpha.com/article/414121-how-to-trade-silver-in-an-election-year?source=email_rt_mc&ifp=0
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Why AGQ over SLV? Just wondering