RE: C. Mackay: SEC has no authorityA very interesting article. I’m not sure that the SUA is as powerful as many believe. It is a relatively small lobby group that the SEC may listen to but ultimately the SEC will have to make their decision based on the merit of the ETF.
I believe it’s inevitable that the ETF will come into being. As far as a time frame goes, well who knows exactly?
It’s obvious to most of us that silver is in short supply but silver trades as if there’s a major glut of silver. China is no longer exporting silver and has become a net buyer. Etc, etc, etc,……….
With or without SLV the price of silver is going higher, much higher. I will stick to my prediction that the price of silver will decisively break through $8/oz this month.
Good luck.
SMF069