"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870
12 December 2014
NAV Premiums of Certain Precious Metal Trusts and Funds
Sprott Silver has gone to a negative premium (discount) to NAV which is something we have not seen in a while.
I suspect that word is getting around that they will be looking to do a secondary offering earlier than later next year.