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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Message: Silver ETF for sale? - Midas

Silver ETF for sale? - Midas

posted on Mar 23, 2009 04:47PM

Bill,
http://www.marketwatch.com/news/stor...
uggests-bigger/story.aspx?guid=%7B57...
%2D2C78%2D4917%2D95DE%2D278523C13788%7D

Barclays wants to sell its ishares portfolio of ETF’s. This also includes silver ETF SLV. Look who top the list of the potential buyers could be

QUOTE

Among the logical potential buyers for the iShares business are big brokerage firms such as J.P. Morgan Chase and Goldman Sachs

GS traditional mutual fund giants like Fidelity Investments, and private-equity firms and smaller money-management companies looking to make a splash in the business.

END

We suspect that JPMorganchase holds more than 90% of the COMEX commercial silver net short position. They are the custodian of the SLV silver and we now see their name mentioned as a potential buyer of the ishares operation which includes SLV.

We need to watch this VERY closely...




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