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Sprott Funds (CEF; PSLV; PHYS; SPPP)

Posted by drb2 @ 13:42 on March 21, 2025  

I just called and was assured that someone will get back to me ASAP.

If anyone else has a concern and would like to contact Sprott their phone number is 416-943-8099

 

 

 

drb2

Posted by deer79 @ 13:39 on March 21, 2025  

Would love to hear what you find out! Thanks.

Capt. Hook – thanks for your reply

Posted by drb2 @ 13:31 on March 21, 2025  

This is unacceptable to me.

I will call Sprott today to voice my displeasure and ask what assurance do they have that they will be made whole? !!

 

 

drb2 @ 12:41

Posted by Captain Hook @ 13:15 on March 21, 2025  

Nope – the large holders 100k units – can be borrowed (from shorting) and redeemed for the metal.

They have not reported on this since December 13th, so nothing is for sure here, but based on the way they have already raped SLV, one could think they (Blackrock, bullion banks, etc?) are doing the same here.

If this is the case, it’s a very good indication they are really getting low on supply.

And nothing will help this condition as time passes with increasing demand and falling supply.

They just got to have dem data centers so they can run your life – but they never counted on this.

They will screw themselves just like they did in 2000 and 2008. and the wiseacre bureaucrats in India who are blowing up their economy with a short gold scheme that they are heavily under water on – and getting worse by the day, week, month, year etc.

Gold Price Paradox: A $13 billion naked short on yellow metal in India that loves glitter – The Economic Times

Chuckle

Hey, have you guys seen this article. It’s very good. And it made to Kitco, so the square heads have to live in reality now too.

The mechanics of silver price suppression | Kitco News

Chuckle again

What happens after they start getting shot down … or shoot down Russian planes?

Posted by ipso facto @ 13:13 on March 21, 2025  

RAF jets will police Ukrainian skies under proposals discussed by Starmer’s coalition of the willing – as Europe ‘plans US phase-out from NATO within ten years’

https://www.dailymail.co.uk/news/article-14522631/RAF-jets-police-Ukrainian-skies-proposals-discussed-Starmers-coalition-willing-Europe-plans-US-phase-NATO-ten-years.html

drb2

Posted by deer79 @ 12:51 on March 21, 2025  

Thanks for presenting your question. I also thought that Sprott products were unencumbered and had holdings of 1:1.

Captain Hook @ 12:07

Posted by ipso facto @ 12:48 on March 21, 2025  

I can’t imagine people selling PM shares going into what should be historical good action in g+s! We’ve been waiting many years for this to happen. What a tragedy if the opportunity is missed.

On July 1 more of the Basel rules go into effect. Supposedly this will cause the great lessening of the power of the cartel to hold down prices with paper.

This is talked about by Andrew Maguirre below.

Cheers

@ Capt. Hook RE: your 12:07 post – “…and the short in PSLV being their new primary source of physical to counter the loss of the LMBA”

Posted by drb2 @ 12:41 on March 21, 2025  

Good morning Capt.

I always pay attention to your posts and value your contribution to the Forum.

As a holder of PSLV your comment “...and the short in PSLV being their new primary source of physical to counter the loss of the LMBA…” really got my attention!!

 

I have always been of the understanding that the Sprott products PSLV; PHYS; CEF; SPPP were all unencumbered, physical 1:1 products.

At least in the normal brokerages (Fidelity, Schwabb etc.) options cannot be bought or sold on any of them.  They are as close to holding physical as anything, but the real thing.

 

If you have time, could you elaborate on how they short these products…. and what shareholders can do about it?

 

ipso facto @ 11:05

Posted by Captain Hook @ 12:07 on March 21, 2025  

Yes, with the silver float in London down to ~170,000 ounces, and the short in PSLV being their new primary source of physical to counter the loss of the LMBA, both of these factors combined will eventually trump bullion bank shorting at some point.

It’s just of a matter of time if they don’t cover their shorts before a squeeze begins.

The only thing that could possibly derail this set-up is a deflationary monster collapse in the broad stock market(s). (and this would only be temporary)

The vast majority of the gains will be seen in the last 5% of the time (little by little – and then all at ounce – so hold on to your positions).

I would place the odds of a squeeze now at 50 – 50, which is the best odds we have ever seen (the odds will only get better over time).

I am counting government intervention here as well.

Everything is crossed.

Cheers

HUI

Posted by Buygold @ 11:28 on March 21, 2025  

Might be impressive if the HUI can hold 350. They’re working hard on NEM and AEM to see that it doesn’t.

Earl

Posted by ipso facto @ 11:24 on March 21, 2025  

Despite all the narratives, oil has traded inside a wide range for years. We are in the lower part of the range.

Captain Hook 10:11

Posted by goldielocks @ 11:14 on March 21, 2025  

No matter what they think we’re not obligated to hang around. If anything it would be them who would  obligated but we see where that would go. With the mid eastern wars BIBI picking up where they left off after the 60s plan thwarted when the USS Liberty ship survived  the attack Isreal after they found out they were killing the Egyptian prisoners and after the Golan Heights are back after Syria and the Golan Heights and getting us to attack Iran if they can more will be driven your way any day now knowing they can rob rape and murder to work out their anger without accountability.

In 5-10 years Europe will be over run by Muslims and Africans  anyway.

A good Vince Lanci

Posted by ipso facto @ 11:05 on March 21, 2025  

deer79, Captain

Posted by Buygold @ 10:30 on March 21, 2025  

deer79 – thanks for the reminder, forgot about OpEx today, and it’s a big one. SLV is hovering around the $30 level. Probably the best place to wipe out the most folks there too.

Captain – agree 100%. Delay, obfuscate, obstruct. The Globalists are masters at it. The sooner we get out of NATO and the UN, the better off we’ll be.

Buygold @ 9:31

Posted by Captain Hook @ 10:11 on March 21, 2025  

Why should we give them 5-10 years?

Because the Zionists will not allow it’s dismantling for as long as possible.

It would not work well for their portfolios and power.

And then in 10 years they would find a reason to extend it again if the world looked the same as today … which it will not.

The entire monopoly board and political economy of the world will look drastically different by then thanks to the decentralization process currently underway.

You can’t trust supranational politicos, bureaucrats, and billionaires because they cannot be held accountable – and for this reason are completely corrupt.

They are thieving gangsters – and that is the best way to look at the world’s political economy.

Life is going to get much smaller for people very soon.

Cheer all

Buygold @ 9:31 re: NATO

Posted by ipso facto @ 10:06 on March 21, 2025  

Sounds reasonable!

deer79

Posted by Maddog @ 9:59 on March 21, 2025  

Re experition day and $ 3000……good catch….luckily the regulators will be onto anything untoward….

If the US does revalue and what else can it do……They gotta buy all these shorts back…..

Posted by Maddog @ 9:48 on March 21, 2025  

the same re-run

Posted by deer79 @ 9:42 on March 21, 2025  

Expiration day. Must be lots of open interest at the $3000 strike….

Buygold

Posted by Maddog @ 9:41 on March 21, 2025  

That is the unreal arrogance they have…they really think you will sit around for 5 or 10 years, while they have mostly jack in the game and then when they are ready…..tell you to ‘eff off back home, as we don’t need you anymore…..

They have totally lost the plot.

Morning Ipso, Maddog

Posted by Buygold @ 9:31 on March 21, 2025  

I’m thinking we can de-NATO in 5-10 weeks. Why should we give them 5-10 years?

Watching silver very closely. I think it’s about done with the game these shorts are playing.

WWIII is coming …

Posted by Captain Hook @ 9:31 on March 21, 2025  

… according to Martin Armstrong.

This will keep a bid in gold and silver no matter what the dollar is doing because they will all be debasing their currencies with abandon.

Mornin all

Maddog

Posted by ipso facto @ 9:07 on March 21, 2025  

“Those who vote decide nothing. Those who count the vote decide everything.”
― Joseph Stalin

Disenfranchising your citizens will not work out well in the EU!

Couldn’t hurt

Posted by ipso facto @ 9:05 on March 21, 2025  

The White House just passed a new Executive Order that slashes regulations, fast-tracks US mining, and prioritizes domestic gold and other critical mineral production to secure our economy and reduce foreign mining reliance.

https://x.com/scottsdalemint/status/1902854996305363316

SM took a header

Posted by Buygold @ 9:03 on March 21, 2025  

Not sure why, just still ridiculously inflated I guess.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.