2512 replies to this topic

[linrom1]

 

SLV is trading up .8% while PSLV is trading at a discount of -.63%. Is PSLV another Sprott scam? They're ripping off retail investors.

 

Relax friend.  It is common for closed end funds to trade at premiums on up-days and discounts on flat or down days.  Go look at the Daily NAV discount/premium historical data.

 

It's predominantly trading at a discount since 2017. The fund's inception was at the TOP in 2011 where it traded at ridiculous premiums until the bottom in silver where it has been selling at a discount. What am I missing? It's current NAV is at $9.33 but market makers are selling it at $9.24/?

[dougie]

some modest/marginal new decline low this morning and a host of technical divergences, IMO we are very oversold and "coiled", decent rally so far lets see if we get a significant extension into day's end. Love the KL action, IMO one of the best "core" larger metals stocks to own, one of my largest holdings.

 

BTW re PAAS, that new low barely below the previous 27.75 low could have ended a very large degree wave FOUR correction from the 2016 bottom - that might imply a large wave 5 well above $40 could get underway, as always DYODD

 

Senor

typically PAAS bottoms with these sort of momentum indicators except in the extreme

[dougie]

Can anyone imagine a scenario where the USD soars?

[linrom1]

Can anyone imagine a scenario where the USD soars?

Yes, Biden disappears.

[linrom1]

Quick way to calculate PSLV NAV

 

.358 x SI

[senorBS]

Now starting to think the "David Hunter" summer blowoff scenario might finally be ready to rock? He was expecting big move in stocks (10-15% as I remember) and metals/miners really flying to new multi year highs. His timing was not very good but will be interesting to see if he is ultimately right, for me the post Fed dive was a really guying opp for a strong potential rally into August (at least) methinks, we see

 

Senor

[linrom1]

Energy sector is on fire and so are gold miners.

[CHAx]

It's predominantly trading at a discount since 2017. The fund's inception was at the TOP in 2011 where it traded at ridiculous premiums until the bottom in silver where it has been selling at a discount. What am I missing? It's current NAV is at $9.33 but market makers are selling it at $9.24/?

 

 

 

 

https://www.cefconnect.com/fund/PSLV

 

As of 6/18/2021

  Share Price NAV Premium/Discount

 

Current $9.28 $9.25 0.32%

52 Wk Avg $8.98 $9.13 -1.70%

52 Wk High $11.08 $10.63 2.48%

52 Wk Low $6.33 $6.44 -16.09%

 

 

NAV and price look normal to me (especially on the 5 year chart plenty of swings from discount to premium).  Ive seen this in every type of closed end fund from stocks to fixed income.  Generally, people buy them for long term holds in bear markets and sell them in bulls, you collect the premium and discounts.  This is why I don't day trade them.

Edited by CHAx, 21 June 2021 - 12:32 PM.

[dougie]

SILJ lagging GDX badly here

[CHAx]

SILJ lagging GDX badly here

 

Yeah, Im not so sure /SI has bottomed yet.  Which typically means /GC isn't ready to run yet either....