ETFs

• When Your Precious Metals Blogger Doesn’t Understand How ETFs Work…
  Posted by kid dynamite on April 17th, 2013 at 6:03 pm, Comments: 0

  Share on StockTwits One cannot speak intelligently about the metals markets these days when one does not understand how exchange traded funds work.  $GLD for [...]

• No, GLD Shares May Not Be Used to Settle COMEX Contracts
  Posted by kid dynamite on February 22nd, 2013 at 3:23 pm, Comments: 0

  Share on StockTwits As a public service to metal-heads who continue to be misinformed by not only by those writing blogs, but also by others [...]

• Don’t Expect Follow On Offerings From Sprott Any Time Soon (PHYS, PSLV)
  Posted by kid dynamite on February 22nd, 2013 at 10:06 am, Comments: 0

  Share on StockTwits One of the main problems with the closed end trust structure (as opposed to the ETF structure) revolves around secondary offerings.   While [...]

• About That Big Change To SLV’s Silver Inventories
  Posted by kid dynamite on January 22nd, 2013 at 9:19 am, Comments: 0

  Share on StockTwits Last week, Zerohedge noticed that the Ishares Silver Trust ($SLV) reported a sizable increase in its silver inventories on Wednesday night (January [...]

• Latest Sprott Offering Proves Paper and Physical Gold Prices Are Not Decoupling Yet
  Posted by kid dynamite on September 8th, 2012 at 8:23 am, Comments: 0

  Share on StockTwits We’ve been through this before, but things can change, so it’s always a good idea to check and see if perhaps maybe, [...]

• Cross A Greater Fool Trade With A Ponzi Scheme And You Get…
  Posted by kid dynamite on July 15th, 2012 at 7:48 pm, Comments: 0

  Share on StockTwits You can feel the exasperation in Jason Zweig’s post from a few days ago, titled “High Rates?  Are You Delirious?” (emphasis mine) [...]

• Do We Need To Protect Investors From Themselves? AKA: That ETN Problem
  Posted by kid dynamite on March 23rd, 2012 at 11:49 am, Comments: 0

  Share on StockTwits Herb Greenberg asked me via Twitter if I thought that the SEC made a mistake in approving products like $TVIX in the [...]

• So You Got Killed In TVIX Yesterday? CSFB Might Be Your Salvation
  Posted by kid dynamite on March 23rd, 2012 at 8:48 am, Comments: 0

  Share on StockTwits A lot of people lost a lot of money in $TVIX yesterday. Before continuing, you have to read this post I wrote [...]

• TVIX – You Mess With The Bull, You Get The Horns
  Posted by kid dynamite on March 22nd, 2012 at 6:07 pm, Comments: 0

  Share on StockTwits First of all, if you want some background on what’s going on in TVIX please read these two related posts I’ve written [...]

• Diamonds Are an ETF’s Best Friend?
  Posted by kid dynamite on March 7th, 2012 at 9:57 am, Comments: 0

  Share on StockTwits Thanks to Olivier Ludwig at IndexUniverse for a heads up about IndexIQ’s planned Physical Diamond Trust ETF (and to Tadas @ Abnormal [...]

• TVIX and VIX ETNs Revisited
  Posted by kid dynamite on March 2nd, 2012 at 8:38 am, Comments: 0

  Share on StockTwits I wrote a post last week about $TVIX, in which I speculated that perhaps CSFB was ceasing creations of new shares because [...]

• TVIX – Not Your Daddy’s Blue Chip
  Posted by kid dynamite on February 22nd, 2012 at 10:23 am, Comments: 0

  Share on StockTwits Our parents or grandparents, who used to own shares of American Telephone and Telegraph (that’s AT&T, or just $T for the youg’uns),  [...]

• GAZ – The Ultimate Greater Fool Trade
  Posted by kid dynamite on February 21st, 2012 at 1:03 pm, Comments: 0

  Share on StockTwits If you own GAZ you are probably going to lose a lot of money relative to your alternatives.  Let me explain. GAZ [...]

• Risk On, Risk Off – There’s An ETF For That!
  Posted by kid dynamite on December 7th, 2011 at 10:03 am, Comments: 0

  Share on StockTwits Let me start this post with a brief explanation of the difference between ETFs (exchange traded funds) and ETNs (exchange traded notes), [...]

• Dear Direxion – You Know What Happens At a BRIS, Right?
  Posted by kid dynamite on September 25th, 2011 at 8:14 pm, Comments: 0

  Share on StockTwits In case you don’t know what a Bris is, let me fill you in:  it’s a little party that Jews have when [...]

• Sprott Sells 565,000 PSLV In Last 7 Trading Days
  Posted by kid dynamite on August 11th, 2011 at 8:31 pm, Comments: 0

  Share on StockTwits By now you know the story. (If you don’t know the story, you should know the story – read the links, and [...]

• Sprott Continues To Sell PSLV – Another 700k Shares Sold
  Posted by kid dynamite on August 2nd, 2011 at 4:50 pm, Comments: 0

  Share on StockTwits Like clockwork, Eric Sprott continues to take advantage of PSLV’s massive premium to NAV by selling more of the shares that he [...]

• Let’s Talk About PHYS’s Shrinking Premium to NAV
  Posted by kid dynamite on July 27th, 2011 at 5:10 pm, Comments: 0

  Share on StockTwits I’ve been very vocal as of late warning investors to be cautious of buying $PSLV – the Sprott Physical Silver Trust – [...]

• Eric Sprott Sells Another 1 Million PSLV Shares At A Huge Premium To NAV
  Posted by kid dynamite on July 23rd, 2011 at 9:44 am, Comments: 0

  Share on StockTwits Ironically, as I was writing the rhetorical question “Ask Eric Sprott Why He Won’t Buy More Silver for PSLV,”  Sprott was out [...]

• Today In Silver Misinformation: David Morgan Swap/Lease Edition
  Posted by kid dynamite on July 22nd, 2011 at 9:26 am, Comments: 0

  Share on StockTwits ZeroHedge published an excerpt of David Morgan’s interview with Chris Martenson: “I have little doubt that most of the silver that is [...]