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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Insider Sales on the Sprott Physical Silver Trust

Commodities / Gold and Silver 2013 Apr 11, 2013 - 09:54 AM GMT

By: Jesse

Commodities

Someone emailed me about this, and I wanted to get the actual data so you can see it.

It appears that Eric Sprott has sold about 3 million shares of his Silver Trust so far this month.  That is quite a bit of selling, but certainly not unheard of for someone who is a billionaire.



I have it second hand that the sales are related to a commitment that Eric Sprott has to a charitable obligation, and has nothing to do with his views on silver or the Trust.  I obviously do not know with any certainty if this is the reason.

A similar search shows no such insider sales on the Sprott Physical Gold Trust.

I do have current positions in both of  these funds, and some of their rivals. 

I did not find anything about this on the Silver Trust homepage.  I would think that some comment should be made given the size of the sales. 

Insider Sales Data for PHS (PSLV in the US)


By Jesse

http://jessescrossroadscafe.blogspot.com

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