Re: Financial topics
Posted: Wed Sep 05, 2018 1:29 pm
http://sprott.com/investment-strategies ... -discount/
The above is for a closed end silver bullion fund. The fund is trading at about a 4% discount to net asset value. Historically it's been trading at a premium. When it trades at a premium, I interpret that to mean the herd is overly bullish.
The fund traded at a premium from 2010 until August of last year. It reached a record discount to net asset value within the last week, exceeding a 4% discount. This is an indication that the herd is overly bearish.
I have read on the Internet that the silver herd is still bullish. I judge that assessment to be incorrect. It's what people actually do with their money that determines how bullish or bearish they are, not what they say.
The above is for a closed end silver bullion fund. The fund is trading at about a 4% discount to net asset value. Historically it's been trading at a premium. When it trades at a premium, I interpret that to mean the herd is overly bullish.
The fund traded at a premium from 2010 until August of last year. It reached a record discount to net asset value within the last week, exceeding a 4% discount. This is an indication that the herd is overly bearish.
I have read on the Internet that the silver herd is still bullish. I judge that assessment to be incorrect. It's what people actually do with their money that determines how bullish or bearish they are, not what they say.