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ETFs cannot find silver in a gold mine

Posted on 23 January 2014

Whether Elton John and Bernie Taupin realized it or not, you can find gold in a silver mine even though most silver is produced as a credit to copper and lead/zinc mining and not in dedicated silver mines. But if I ever got into a contest with Sir Elton about things I know that he doesn’t, I would lose badly.
The discussion of gold ETFs and gold prices from last week cited an analysis of silver ETFs from last May. I noted then that silver ETF shares outstanding from funds such as the iShares Silver Trust and the ZKB Silver ETF, among others, had a far different relationship to silver bullion prices than did their golden cousins………………………………………..Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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