Premiums remain rather thin on the Sprott funds in particular.
First Majestic paid a 69% premium over the 30 day average price in a friendly acquisition of Orko Silver it was announced this morning.
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot