RE: Bull Market Thinking. Article Jan 24th I also found it very interesting, that a gold industry CEO calls the ETFs an option on gold. Which IMO is perfectly true (SLV "added" last week 700 tons in one day - this are 20 heavy 35t trucks!).
And that a huge catalyst for the miners will come, once such an ETF defaults. But as we all know, this will never happen, because the financial industry is honest, GS was not convicted of naked short selling, the LIBOR was not manipulated, MG Global did not steal segregated accounts, Tim Geithner did not inform previously his friends about the FED decisions, and therefore ETFs, that don't even guarantee physical delivery, surely will have all the silver and gold for you, if you would demand it, when you would need it most... And I'm the Kaiser of China. Really!