Butler schreibt im neuen Wochenkommentar wie meist wenig neues. Immerhin aber eine Beobachtung zum SLV, die ich auch gemacht hatte:
Zitat"So I’ve taken to watching volume and price action in the SLV ETF in order to anticipate the amount of silver likely to be deposited on a short-term basis. Based upon my observations, as unscientific as they may appear, the amount of silver that "should" have been deposited very recently is much larger and has taken much longer to show up than any previous time. If my observations are close to being accurate, the most plausible explanation is that the silver was not available for immediate deposit in London. "
=> In der Tat kommt es derzeit öfters zu (leichten) Verzögerungen zwischen Zeichnung neuer SLV-Anteile und der physischen Einlagerung. Das ist die oben bereits diskutierte Verwässerungsgefahr - und man kann derzeit schon wie Butler vermuten, dass es Barclays zunehmend schwer fällt, zeitnah das Material ranzuschaffen. NOCH scheint es aber zu gelingen. Wenn es einmal nicht mehr gelingt, geschieht das, was Butler hier korrekt beschreibt:
Zitat"Further, if true, it may mean silver in industry-standard quantity is tight overall, since silver is very much a fungible commodity. When silver becomes tight enough that industrial consumers must wait too long for its delivery, the long-anticipated industrial user inventory buying panic may be at hand. Once that starts, there will be no putting out the silver fire until it burns out by way of higher prices. Much higher prices."
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