Loading ...My guess is the same thing that has been happening so far this time to silver and gold stocks when silver and gold has gone up 50% while the shares have gone nowhere. Not much!
From year 2000 to 2011 PM stocks followed or led the price of physical up, but this was during a time when Derivatives/ETF’s were perfecting their craft.
Now BlackRock owns and controls more than 50% of the existing ETF’s through it’s ALADDIN super computer. Further, my guess is they also have access to your/our Brokers accounts and have been given your shares (for a modest fee) to use to short the PM shares….So you buy 1000 shares of XYZ and they short/sell 1000 shares of “borrowed” XYZ they had in possession from your broker so they were not naked short…and while the volume goes up, and SNG goes up, the share price goes nowhere. (hope I’m wrong)
So while last time I took well over a $million of OPM from 108 PM miners and explorers and then converted much of it to SNG phyz on the pullback, this time I have the phyz and I am again up well over 50+%. All FWIW but DYODD! SNG