Gyroscopic Investing

http://www.silverbulliontrust.com/net_asset_value.htm

SILVER BULLION TRUST    
             
4:53 PM   03-May-11   US$   CDN$
             
Net Asset Value per Unit (See Note)   $25.47   $24.17
Trading Symbols on TSX       SBT.U   SBT.UN
Closing Market in Units 03-May-11   22.58   21.61
Premium / -Discount     -11.3%   -10.6%
Number of Units traded      9,170   89,296
             
Total Market Capitalization of all         
5,467,228 Units outstanding U.S. $123,450,008 CDN $118,146,797
               
    Portfolio Update    
             
Ounces   US$   CDN$   %
             
Silver Bullion 3,143,830   137,102,426   130,110,203   98.5
Silver Certificates 0   0   0   0.0
Cash Assets     2,152,971   2,043,169   1.5
________   __________   __________   _____
3,143,830   $139,255,397   $132,153,372   100.0
             
 
  Valuation Basis    
London Silver Fixing         US$ 43.6100
US$/CDN$ Bank of Canada noon exchange rate CDN$ 1.00= US$ 1.0537

I'm confused - how would I go about buying silver at this price?  Twenty-something per ounce sounds pretty good right now...

This is run by the same folks who are behind CEF and GTU, and (like those two) is a closed end fund that can trade above or below the NAV of the metal they own.  Do your own due diligence of course, but as a VP silver investment I think this is a screaming deal.

discvouyt reduced to 5.6% today...price still falling of the metal...any thoughts on the deviation from NAV as an indicator of where silver prices will go in the short term ? one hypothesis could be that spot price will continue to fall as the share price is still heading down while the NAV deviation has been reduced...

What is U.S. ticker for this fund?

It looks like discount to NAV is widening again today.

MT,
don't know...i didn't see mention of any on their site.

how are you getting intra-day NAV?

p

MediumTex wrote: What is U.S. ticker for this fund?

It looks like discount to NAV is widening again today.

It trades over the counter as SVRZF.  Per a comment on a Yahoo forum here the plan is to list on AMEX when the net assets reach $100M (which they already have).

This is now at a 12+% premium....

https://spreadsheets0.google.com/spread ... i40L#gid=0

hrux wrote: This is now at a 12+% premium....

https://spreadsheets0.google.com/spread ... i40L#gid=0

hrux- great tool...thank you!


that's some swing (from NAV) in just days!