Sprott Physical Gold Trust (PHYS)

[trunkmonk]

dis ready to take off, 30 by year end? most likely much higher

[4Godnwv]

Nice day!

[4Godnwv]

Divergence on the 1hr chart - back in $PHYS

[4Godnwv]

Out PHYS 14.80467

[4Godnwv]

Looking for a bounce here.

[4Godnwv]

Added again

[4Godnwv]

Added today

[4Godnwv]

Back in PHYS

[4Godnwv]

Added

[4Godnwv]

I hate black candles and dojis can spell trouble, albeit indecision in this situation is warranted. Sure would like to see the 200dma get taken out (again)

[BigWave-Dave]

Looking better

[Lowjack]

[4Godnwv]

Trying some of this.

[Pro-Life]

I am reminded of the quote by FOFOA, "gold will only reset once in your life, and once will be enough". h/t @LukeGromen

— Lawrence Lepard, "fix the money, fix the world" (@LawrenceLepard) March 5, 2022

[Pro-Life]

Wow... that is deep and complex. TY!!!

[Lowjack]

https://www.zerohedge.com/news/2022-03-05/lbmas-fear-stoking-russian-bear-etf-concerns-monetary-mayhem

[Lowjack]

https://www.archives.gov/founding-docs/declaration-transcript

[LetsTalkBullish]

Grabbing couple here. Reset to gold coming

[NYBob]

$Sprott Research - Moneta a Monster Project


https://sprott.com/media/3870/210430-me-scp-initiation.pdf


$MONETA EXTENDS GOLD MINERALIZATION ON THE DISCOVERY DEPOSIT AT
GOLDEN HIGHWAY
Toronto, Ontario – April 29, 2021 -

$Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.

$Moneta Porcupine Mines Inc. (TSX:ME) (OTC:MPUCF) (XETRA:MOP)
(“Moneta”) is pleased to announce the results from drilling on
the extensions of the Discovery Deposit
outside of the current NI 43-101 resource.

The drill holes were drilled as part of the expanded 2020/2021
winter drill program on the Golden Highway Project, 100 kilometres
(“km”) east of Timmins, Ontario.

Highlights:

Drilling has intersected significant gold mineralization to extend
the NI 43-101 underground gold
resource estimate at Discovery:

• MGH20-165, located up-dip of the current Discovery resource:
o Intersected 13.00 m @ 1.80 grams per tonne “g/t” gold “Au”,
including 3.00 m @ 3.34g/t Au,
including 1.00 m @ 4.05 g/t Au

o Intersected 4.00 m @ 2.70 g/t Au,
including 2.00 m @ 4.25 g/t Au,
including 1.00 m @
5.63 g/t Au

• MGH20-166, located west and up-dip of the current Discovery gold
resource:

o Intersected 7.00 m @ 2.06 g/t Au,
including 1.00 m @ 3.91 g/t Au

• MGH20-167, located west and down plunge of the current Discovery
resource:

o Intersected 20.40 m @ 0.89 g/t Au,
including 0.90 m @ 2.39 g/t Au

• MGH20-171, located 500 m west of the current Discovery resource:

o Intersected 6.50 m @ 1.30 g/t Au,
including 2.70 m @ 2.28 g/t Au,

including 1.00 m @
4.55 g/t Au

“We are pleased to be continuing to intersect new gold mineralization
outside of our current gold resources with our latest drilling,”
commented CEO, Gary O’Connor.

“The drilling has intersected extensions of gold mineralization at
Discovery, located on the northern splay of the Destor Porcupine
Fault Zone, north of the South West underground resource and
Windjammer South open pit deposit.

Significant gold mineralization has been intersected up to 500 m west,
150 m east and up to 100 m below
the current Discovery resource.

$The drill results highlight the opportunity to continue to expand
the underground resources at Discovery.

$The adjacent Discovery and Windjammer North underground
resources currently contain 39,100 ounces gold in the indicated
category and 191,200 ounces of gold in
the inferred category at a 3.0 g/t Au cut-off,
within a total project gold resource endowment
of 3,967,000 ounces gold indicated and
4,399,000 ounces gold inferred.”

The latest assay results are from seven (7) drill holes,
including one hole extension, for a
total of 2,680.0 m of drilling, completed as part of
the current 70,000 m 2020/2021 winter drill program.

The seven
reported holes were targeting extensions of the Discovery resource
that occurs north of the current
Windjammer South and South West resources.

Drilling was focussed on extending the mineralization to
the west and east as well as at depth.


The resource expansion drill program is continuing on the
2
Westaway, 55 Zone, South West, Windjammer South and
new Halfway areas and further results are
pending.

Discussion of Discovery Drill Results

https://www.monetaporcupine.com/uploads/ME-PR-08-2021.pdf


Figure 1: Location Map- Golden Highway Project

To view an enhanced version of Figure 1, please visit:


Figure 2: Discovery Deposit - Drill Hole Locations

To view an enhanced version of Figure 2, please visit:


https://orders.newsfilecorp.com/files/4852/82195_14d9b42b24f7daa1_003.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/82195


$Moneta Porcupine: One of the Largest Undeveloped Gold Projects in North America.

https://www.youtube.com/watch?v=xXeuuoHYDlw


https://content.jwplatform.com/videos/yBsz66rH-gJjLxEC2.mp4


$Why Invest in NewCo – Moneta Porcupine and O3 Mining Partnership





Why Invest in Moneta Porcupine?

Canada’s most prolific gold producing mining camp.

https://www.monetaporcupine.com/why-invest/


Safe jurisdiction in Timmins, Ontario with well established infrastructure.

Growing resources and new discoveries. Recent partnership with O3

$Mining’s Garrison Project to increase resources by 85% to
4.0MM gold ounces indicated and

by 32% to 4.4MM gold ounces inferred.

Moneta will hold one of the largest undeveloped gold projects
in North America.

PEA results on South West deposit proves a robust gold project
at US$1,500/ounce that produces C$236 million after-tax NPV5% and
on our new partnership with O3 Mining’s Garrison project at
US$1,450/ounce C$321 million after-tax NPV5%.

C$694 million after tax cash flow over the life of mine,
South West and Garrison combined.

Regional scale exploration potential.

Creates largest land holder by a gold development company
in the Timmins camp.

Expanding resource base.

An updated resource estimate will be announced in Q3, 2021 followed
by an updated PEA on a much larger scale for the combined projects
in early 2022.

Low cost discovery ounces.

Significant and growing resource with an active exploration program
in Timmins, surrounded by major mining firms such as Pan American
Silver, Kirkland Lake Gold, Newmont, OIII and McEwen Mining.

Insiders and investors aligned for long-term value creation.

Shareholders include Eric Sprott, K2 & Associates, Dundee Corporation,
RBC, Mackenzie Funds, US Global, 1832 Asset Management.

Potential to fast track to feasibility study and production.
Experienced management team.

https://www.monetaporcupine.com/why-invest/



$Richest Real Money Pit Of The World -

The Golden Horse Shoe Bellow James Bay -





https://digigeodata.com/area/timmins/


THE MONETA REAl MONEY )

Moneta Files NI 43-101 Technical Report on the
Preliminary Economic Assessment Study of
the South West Deposit, Golden
Highway Project

https://www.monetaporcupine.com/press-releases-2020/

https://www.monetaporcupine.com/corporate-presentation/

https://www.monetaporcupine.com/projects-overview/

https://www.monetaporcupine.com/


Cannot view this image? Visit: https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002.jpg


Figure 1: Golden Highway Project: Location of Deposits and Targets

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4852/66555_6361dcfd44d9c8e0_002full.jpg

About Moneta
The Company holds a 100% interest in 6 core gold projects strategically located
along the Destor-Porcupine Fault Zone in the Timmins Gold Camp with
over 85 million ounces of past gold production.
The main Golden Highway Project covers 12 km of prospective ground along
the DPFZ of which 2 km hosts the current 43-101 mineral resource estimate
comprised of an indicated resource of 676,900 ounces gold contained
within 5.11 Mt @ 4.12 g/t Au and a total of 1,386,600 ounces gold
contained within 10.78 Mt @ 4.00 g/t Au in the inferred category
at a 2.60 g/t Au at South West and 3.00 g/t Au cut-off for the other deposits.
A PEA study completed on the South West Deposit, one of 6 deposits located
on the Golden Highway project, highlighted an 11-year mine life with an
after-tax NPV5% of C$236MM, IRR of 30% and a 3.4 year payback,
generating C$371MM LOM after-tax free cash flow.
The project envisaged underground mining producing 76,000 oz/pa at a cash
cost of US$590/oz.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gary V. O'Connor, CEO
416-357-3319

Linda Armstrong, Investor Relations
647-456-9223

The Company's public documents may be accessed at www.sedar.com. For further information on the Company, please visit our website at
www.monetaporcupine.com
or email us at [e-mail].

This news release includes certain forward-looking information and ----arry out its anticipated goals and objectives.

Forward-looking statements are based on the current opinions and expectations of management---to revise or update these forward-looking statements.

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66555



Newsfile Corp.
October 22, 2020 - 5:00 AM PDT
Tags:
INDUSTRIAL METALS & MINERALS
1
Moneta Porcupine commences drilling
'We think we're going to play a big role in the future of Timmins'

Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter
Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=158338038

O’Connor said they are very excited to be a new developer in the Timmins camp, alongside some major players, and they have high hopes attached to The Golden Highway project.

“We should be able to grow significantly,” he said. “We think we’re going to play a big role in the future of Timmins.”

https://www.timminspress.com/news/local-news/moneta-porcupine-commences-drilling

Moneta Porcupine Mines Inc (TSX:ME) Seeking Alpha -

Seeking Alpha article

https://seekingalpha.com/article/4374634-moneta-porcupine-digging-south-west-pea?utm_medium=email&utm_source=seeking_alpha#alt1&mail_subject=mpucf-moneta-porcupine-digging-into-the-south-west-pea&utm_campaign=rta-stock-article&utm_content=link-0


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

Rating: BUY (unchanged)

Price Target: $0.35 (unchanged

South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios

This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.

Highlights

• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.

• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).

• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.

• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.

Valuation – Cheap on Existing Resource

Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.

Bottom Line – Build it or Toll It, Either Way Works

The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31532663



Timmins About time for KL to lift the veil on their last 4
Timmins

About time for KL to lift the veil on their last 4 months in Timmins.
They are going crazy in timmins, hiring, etc.

let the world know.

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31531334


Industrial Alliance comments on Moneta Porcupine Mines inc.
According to Industrial Alliance Securities:

https://www.iavaleursmobilieres.ca/research/MESept92020.pdf

Research Update

September 9, 2020

Moneta Porcupine Mines Inc. (ME-T)

bigone yes its exciting, well I held on to Moneta for long time and
I think it precious resources can help to feed Dome Mill -
ex....

Close to The Old Moneta Mine's large property
on the South part is Dome Gold Mine:
Ex....
Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Cecilia Jamasmie | July 4, 2017


(Image courtesy of Goldcorp via Flickr)

Goldcorp/Newmont makes headway with plan to give Dome mine a new life
Porcupine’s Dome started as an open pit and then went underground.
Newmont’s Goldcorp (TSX:NGT) (NYSE:NEM), the world’s number one bullion
miner in terms of output, is moving forward with its Century project,
which aims to extend the life its century-old Dome mine in Ontario.

The Dome mine received a negative sentence in January 2016, when
Goldcorp announced it was closing the operation in the summer due to
weak bullion prices that nearly half the company’s share price over the
previous year.

A few months later, however, the company literally stroke gold as it
found indicated mineral resource of 4.5 million ounces and a gold
inferred mineral resource of 0.9 million ounces (for a total of 5.4
million ounces) at what is now being called the Dome Century Project.

Dome Mine
From Wikipedia, the free encyclopedia -

https://en.wikipedia.org/wiki/Dome_Mine


GOLDCORP MAY BE ABLE TO BEGIN DEVELOPING THE OPEN-PIT CENTURY PROJECT -

Goldcorp kicked off then a conceptual study to expand the open-pit mine,
which has just completed, and the project is entering its
prefeasibility stage, expected to take about 18 months.

“If we want to be economically viable and continue to contribute to
Timmins, we need projects like this to make that happen (…) this is
just an example of some of the ideas we have to take
PGM (Porcupine Gold Mines) into a second century,”
Marc Lauzier, general manager at PGM-Goldcorp told Timmins Today.

Dome is one of the oldest operating gold mines in North America
and one of the other two assets —
Hoyle Pond and Hollinger open pit —
that are part of the Porcupine operation.

While Dome has been what Goldcorp calls a “prolific” gold producer since
it began production in 1910, reserves are declining fast.
That leaves Porcupine with the Hollinger open pit, set to shut down by
2019, the Hoyle Pond underground operations and the processing
facility, which is fed by all three mines.

The potential large-scale open pit Century mine is expected to be
close to its development stage by the time Dome approaches the end of
its life, Lauzier said.

Despite having sold quite a few mines recently, Goldcorp expects to
produce approximately 2.5 million ounces of gold in 2017 and has set
itself some ambitious targets for the next five years.

The Vancouver-based miner expects gold production to increase 20% to
approximately 3 million ounces, excluding potential production from its
Canadian projects and its NuevaUnión joint venture in Chile.

Beside Moneta Gold Mine property is
Hollinger Gold Mines.
Lord Conrad Black has been the major owner of Hollinger Mines
for many years.
The large Hollinger Mines underground workings butt right up to
Moneta Porcupine Mine border -

Recently Lord Conrad Black was at Gold Show in Vancouver
and questioned by Kitco
about what he was thinking about that the dollar again
be backed by:
A Gold Standard return?
Here’s how
Lord Conrad Black sees it -
27,421 views • Jan 21, 2020

https://www.youtube.com/watch?v=wkbF50_NgRE

Click on image of Hollinger Gold Mine -
Lord Conrad Black used to be owner to Hollinger Mines -




Hollinger Mines (one of the richest Mother Load of Au-ore in
the world - and it butt right up to Moneta Gold Mine large virgine
AuMother loads,
imo!

https://en.wikipedia.org/wiki/Hollinger_Mines

Kirkland Lake & Newmont Goldcorp makes headway with plan to give Holt Mine & Dome mines, Hollinger Mines etc. a new life -

https://stockhouse.com/companies/bullboard?symbol=t.kl&postid=31440991

https://stockhouse.com/companies/bullboard?symbol=t.me&postid=31423217


In GOD We Trust - Real Money -







https://www.kitco.com/images/live/silver.gif?0.8344882022363285









http://www.kitconet.com/images/live/au0001wb.gif


Gold & Silver is the only REAL Legal Tender -

by The Founding Fathers for your -

Rights, Liberty and Freedom -

http://www.biblebelievers.org.au/monie.htm

God Bless America
Ps.
opinion appreciated
TIA

[Highlandmike]

And it’s even closer now. Tick tock tick tock. PHYS

[Pro-Life]

LBMA colludes with the COMEX – To lockdown the global gold market?
25 Mar 2020 04:54 - Ronan Manly

https://www.bullionstar.com/blogs/ronan-manly/lbma-colludes-with-the-comex-to-lockdown-the-global-gold-market/

Conclusion

COMEX 100 oz gold futures contracts are deliverable in name only. In terms of COMEX gold futures trading, practically no contracts ever reach delivery. Just a few basis points of a percent. And delivery on the COMEX just means a warrant (receipt) from one of the approved COMEX warehouses changes hands. Getting any gold bar out of the COMEX vaults once you have a warrant is a totally different ballgame. The vast majority of COMEX 100 oz gold futures are never delivered, they are offset (closed out) and cash-settled, or else rolled over. his is essentially the same as unallocated gold in the London market, both are just cash-settled gold derivatives. In fact, 100 oz gold bars are really not common at all. Why then would the LBMA and its bullion banks be even concerned about 100 oz bars that rarely ever get delivered.

So what is exactly going on here? Who is bailing out who? The same bullion banks operate in both markets. Is the LBMA bailing out some of its bullion bank members that have blown up while at the same time propping up the COMEX edifice? If so, with the LBMA just being a trade association with the bullion banks at the helm, where are the 400 oz gold bars coming from? The HSBC or JP Morgan vaults in London? Or that famous gold lender of last resort, the Bank of England?

Or is it just a management of perceptions exercise with no gold bars involved, to try to coax back the spot and futures prices by telegraphing that the gold that is backing the spot price (which is actually unallocated non-existent gold) is now also backing COMEX gold futures. While neither of the two can be delivered, the same non-gold now backs both, so voila, there is no need for any price divergence!

[Pro-Life]

i-Box/i-Message could use some housekeeping.

[Pro-Life]

Not many follow this on the hub but the trading was healthy with 3M traded today.

[Pro-Life]

This sure had a great bounce... in line w/$GOLD.

[Pro-Life]

It's so near... same with the hyper bubble readily apparent in bonds.

[tw0122]

The day has come where fake paper contracts imploding

[Pro-Life]

https://www.sprottmoney.com

[Pro-Life]

I think the bottom is in for this etf...

[Pro-Life]

I was reminded that this ETF is worthwhile... and that is real... backed by real... and that's the truth.

[NYBob]

Jetpilot thanks, Sprott demand billions in Silver - Billion Dollar Lawsuits Filed
Following Deutsche Bank's Admission Of Gold, Silver Rigging -
Tyler Durden's pictureSubmitted by Tyler Durden on 04/16/2016 13:38 -0400

http://www.zerohedge.com/news/2016-04-16/billion-dollar-lawsuits-filed-following-deutsche-banks-admission-gold-silver-rigging


Silver Price Manipulation Class Action Brought on Behalf of Canadian ...
The class action alleges that the defendants, including
The Bank of Nova Scotia, conspired to manipulate prices ...
investors who bought and sold physical silver, ...
Read more at -


https://ca.finance.yahoo.com/news/silver-price-manipulation-class-action-210400933.html

Gold & Silver Price Manipulation Class Action Brought on Behalf of Canadian Investors
Fri, 15 Apr, 2016 5:04 PM EDT

TORONTO, April 15, 2015 /CNW/ - A class action lawsuit seeking
$1 billion in damages on behalf of Canadian investors was launched
today in the Ontario Superior Court of Justice.
The class action alleges that the defendants, including
The Bank of Nova Scotia, conspired to manipulate prices
in the silver market under the guise of the benchmark
fixing process, known as the London Silver Fixing,
for a fifteen-year period.
It is further alleged that the defendants manipulated the bid-ask
spreads of silver market instruments throughout the trading day in
order to enhance their profits at the expense of the class.
This alleged conduct affected not only those investors who bought and
sold physical gold & silver, but those who bought and sold gold &
silver-related financial instruments.
Law enforcement and regulatory authorities in the United States,
Switzerland, and the United Kingdom have active investigations into the
defendants' conduct in the precious metals market.
The case is on behalf of all persons in Canada who, between
January 1, 1999 and August 14, 2014, transacted in a
silver market instrument either directly or indirectly,
including
investors who participated in an investment or equity fund, mutual
fund, hedge fund, pension fund or any other investment vehicle that
transacted in a gold & silver market instrument.

A copy of the Notice of Action can be found at
http://www.sotosllp.com .
Potential class members can register on the website to obtain
more information as the case progresses.
The plaintiffs and the proposed national class are being represented
by a national team of lawyers from
Sotos LLP ( http://www.sotosllp.com ),
Koskie Minsky LLP ( http://www.kmlaw.ca ) and
Camp Fiorante Matthews Mogerman ( http://www.cfmlawyers.ca )
with offices in Ontario and British Columbia.
SOURCE Sotos LLP

https://ca.finance.yahoo.com/news/silver-price-manipulation-class-action-210400933.html

Note.
please, pass it along to all Sprott old shareholders etc. >>>>>>>>>>>
TIA.
- God Bless -

[Pro-Life]

Sprott Unleashed: “Everything is a Lie… I Dream of the Day Comex Paper Exchange Can’t Deliver Gold”
Mac Slavo November 22nd, 2015

http://www.shtfplan.com/headline-news/sprott-unleashed-everything-is-a-lie-i-dream-of-the-day-comex-paper-exchange-cant-deliver-gold_11222015

Everything says to me that the demand for gold is in excess of the supply. And, of course, you wonder why the price would go down, but people look at the COMEX which stays manipulated, which is so obvious to me what’s going on. We have 5 tons of physical gold. We have something like 1500 tons of claims against that 5 tons. So to be quite direct about your question, yes, I kind of wonder any day, is somebody going to snatch those 5 tons of gold, and we end up with some kind of cash settlement. But then you have to think, if we would have a cash settlement, having taken gold from 1900 down to 1100, all under the threat of a rate increase for the last 5 years, which has never happened and may not ever happen, and then all of a sudden they’re like “well, really there is no gold here, we’ll just cash settle it at $1,100.” Meanwhile, we’ve lost $800 on a false claim. And perhaps maybe people in the know know about this, they keep the price of precious metals suppressed because they are the canary in the coal mines.

There is much more at the link above...

[Pro-Life]

Sprott Announces $898m Hostile Bid For Physically-Backed Gold & Silver Funds
By Kitco News
Tursday April 23, 2015 2:10 PM

http://www.kitco.com/news/2015-04-23/Sprott-Announces-898m-Hostile-Bid-For-Physically-Backed-Gold-Silver-Funds.html

(Kitco News) - In an attempt to better position its products, Sprott Asset Management announced an $898 million hostile bid for two competing funds backed by gold and silver.

According to the company’s latest press release, Sprott intends to acquire the Central Gold Trust (GTU) and Silver Bullion Trust (SBT), two funds similar to its own physical gold and silver funds. The offer would entail GTU and SBT unitholders to trade their units for units into Sprott’s funds.

“Sprott today announced that it intends, together with Sprott Physical Gold Trust, to commence an offer (the "GTU Exchange Offer") to acquire all of the outstanding units of GTU and, together with Sprott Physical Silver Trust, to commence an offer (the "SBT Exchange Offer") to acquire all of the outstanding units of SBT,” the release said.

“The aggregate value of these proposed transactions would be approximately US$898 million and the resulting Sprott Physical Trusts would be highly-liquid, best-in-class bullion vehicles managed by a firm with a globally-recognized precious metals franchise,” it added.

According to the details of the offer, the proposed exchange offer would unlock $3.33 per unit for CGT holders and $0.96 per unit for SBT holders.

“Together, the offers would unlock US$69.5 million in unitholder value,” the release said.

Sprott’s CEO, John Wilson, said in the press release that through physical trusts, the company is providing unitholders with “access to a secure, convenient and exchange-traded way to hold physical gold and silver.”

The company also announced that it is exploring the option of adding coin delivery alternatives to Sprott Physical Trusts “to make their existing physical redemption features more accessible to smaller investors.”

“Adding coin delivery to the Sprott Physical Trusts would be subject to approval by the unitholders of the applicable Sprott Physical Trust,” it added.

According to the company website, Sprott’s Physical Gold Trust has roughly 1.3 million gold ounces held under management as of March 31. Sprott’s Silver Trust holds about 49 million ounces as of the same date.

By Sarah Benali of Kitco News [e-mail]

[bikaver]

in PHYS @ 10.95

[NYBob]

Sprott Physical Gold (PHYS)
12.23 ? -0.07 (-0.57%)
Volume: 184,374 @ 11:08:18 AM ET
Bid Ask Day's Range
- - 12.19 - 12.26

[NYBob]

Sprott Physical Gold (PHYS)
13.27 ? -0.13 (-0.97%)
Volume: 1,192,889 @ 4:00:00 PM ET
Bid Ask Day's Range
- - 13.24 - 13.45
PHYS Detailed Quote Wiki

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79496971

[NYBob]

Sprott Physical Gold (PHYS)
14.46 ? 0.01 (0.07%)
Volume: 841,214 @ 3:59:57 PM ET
Bid Ask Day's Range
- - 14.39 - 14.55
PHYS Detailed Quote Wiki

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79496971

[NYBob]

Metals Raid - Sprott Raises $392 Million For Gold for PHYS - Dalio Says 'Shift Assets Into Gold'
12 SEPTEMBER 2012

On the bright side, the Sprott Physical Gold Trust (PHYS) completed its secondary offering and the underwriters allotment, raising $392 million to buy additional gold bullion to be held in the trust.

The report does not indicate if they have secured title to the gold yet. Even after they have secured title, it often takes weeks and even months to achieve actual delivery to their vaults. The recent lag times in their Silver Trust expansion, and the types of bars they received, suggested a tight market for the real thing.

As you may recall, I think that it will be in the high quality bullion bar bulk market where the initial signs of failure to deliver will occur. The peripheral and coin markets will stay relatively healthy until the dawning comes, and then dry up overnight. The retail crowd are always the last to know. So lets keep an eye on this.

The metals were smacked hard today in what *looked like* a secondary reaction to the complications in Europe over their rescue funds. What initially looked like good news for the fans of Draghi was tarnished by a misunderstanding about the role and scope of the German Parliament. There are also quite a few unanswered questions about how it could be implemented in specific countries.

Stocks recovered quickly but the metals remained a bit subdued.

USGIF Gold Target $4,500.- + +



From Jim Sinclair...

My Dear Extended Family,

Monty Guild, a friend of mine for more than forty years, is
the most honest and capable man, in my opinion,
in money management.

I respect Monty's feelings on many matters, certainly
the macro picture.
Monty, like I, believe it is possible that coordinated central
bank actions in the USA, EU, Japan and China are being discussed.
The economic problems are so severe, so international, so global,
so entwined, so insoluble and still caused primarily by the greed
of 1990 to present finance in the form of OTC derivatives that
only coordinated global action can kick this can one more time.

Gold is truly going to and through $3500.
The gold business is the best business to be in.

Respectfully,
Jim

$SILVER Chart P&F TA Alert AgBull Price Objective $58.0 per ounce


Silver Ag-bull often front-runner of Au-bull -





http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79135482

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79153750

U. S. SILVER Alert - Investors have nowhere left to hide and
will start running to silver and gold: Sprott

http://www.mining.com/bondholders-heading-to-gold-since-they-have-no-where-left-to-run-sprott-66084/?utm_source=digest-en-au-120823&utm_medium=email&utm_campaign=digest






Silver Update 9/9/12 Inflation Adjusted Silver

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79417296

Beware: stay out of banksters ETFs -

[NYBob]

Sprott Physical Gold (PHYS)
15.1 ? 0.12 (0.80%)
Volume: 1,309,424 @ 5:16:55 PM ET
Bid Ask Day's Range
- - 14.99 - 15.12
PHYS Detailed Quote Wiki

[NYBob]

Sprott Physical Gold (PHYS)
13.59 ? -0.15 (-1.09%)
Volume: 528,029 @ 3:59:54 PM ET
Bid Ask Day's Range
- - 13.5618 - 13.7
PHYS Detailed Quote Wiki

[NYBob]

Sprott Physical Gold (PHYS)
13.52 ? 0.39 (2.97%)
Volume: 1,870,000 @ 7:36:42 PM ET
Bid Ask Day's Range
- - 13.22 - 13.5491
PHYS Detailed Quote Wiki

[NYBob]

Sprott Physical Gold (PHYS)
14.93 ? -0.0645 (-0.43%)
Volume: 408,415 @ 3:30:37 PM ET
Bid Ask Day's Range
14.93 14.94 14.9 - 15.03
PHYS Detailed Quote Wiki

http://www.sprottphysicalgoldtrust.com

performance compare with a few Gold miners -

[jetpilot1101]

Unloaded a portion of my position at 15.28 for a 9.5% gain from 13.94

Just a little diversification and taking some profits off the table.

[jetpilot1101]

A nice day today. Gold and PHYS continue the march north. As I previously posted, I'm in at 13.94.

Looking for around 16 to 17 before I sell. I think we will see another correction. Watching the daily chart.

[jetpilot1101]

I agree. holding my PHYS now in my retirement accounts.

Hey shoot me an email if you would like: jetpilot1101 @ gmail . com

[NYBob]

GOLD POG target for the Intermediate Wave III of Major THREE
should be around bargain fiat$$4,500.-- per ounce -



ot....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69422143
Merry Christmas
God Bless

[jetpilot1101]

Pure physical gold bullion, no paper. Best physical gold fund out there and I think in a few years this will be in the 30's as gold heads north.

[NYBob]

Sprott Physical Gold Trust (PHYS)
Exchange: New York Stock Exchange

http://tmx.quotemedia.com/quote.php?qm_symbol=PHYS:US


Sprott Physical Gold Trust -
Announces Exercise of Over-allotment Option by Underwriters in Follow-on Offering of Trust Units
TORONTO, Aug. 8, 2011 /PRNewswire/ -

Sprott Physical Gold Trust -
(the "Trust") (NYSE: PHYS/TSX: PHY.U), a trust created to invest and hold substantially all of its assets in physical gold bullion and managed by Sprott Asset Management LP, today announced that the underwriters for the previously announced follow-on public offering (the "Offering") of units ("Units") of the Trust have purchased an additional 2,850,000 Units following the exercise of their over-allotment option.

Including this exercise of the over-allotment option, the gross proceeds of the Offering were US$305,900,000, consisting of 21,850,000 Units offered at US$14.00 per Unit.

The Trust will use the net proceeds of this Offering to acquire physical gold bullion in accordance with the Trust's objective and subject to the Trust's investment and operating restrictions described in the prospectus related to this Offering. The net proceeds of the Offering per Unit are greater than 100% of the most recently calculated net asset value per Unit of the Trust prior to pricing of the Offering, as required under the trust agreement governing the Trust.

The Units are listed on the NYSE Arca and the Toronto Stock Exchange under the symbols "PHYS" and "PHY.U", respectively. The Offering was made simultaneously in the United States and Canada through a syndicate of underwriters led by Morgan Stanley and RBC Capital Markets in the United States and RBC Capital Markets and Morgan Stanley in Canada.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Additional details on the Trust can be found in the final prospectus available on EDGAR (http://www.edgar.com/) and SEDAR (http://www.sedar.com/).

SOURCE Sprott Physical Gold Trust

[jetpilot1101]

I'm a "free" member but PM for you as well.

Do you read Casey Research at all? I like their analysys on precious metals investments. PHYS was not one of their picks but they link to Mr. Sprott a lot and I think PHYS is a great way to get into gold without paying the high prices of the actual metal or the high prie of something like GLD.

[jetpilot1101]

It is a long term play. Gold is going nowhere but up especialy with the Eurozone bailouts, money being printed like toilet paper, and clueless pols in charge.

[jetpilot1101]

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/12/20_London_Trader_-_We_are_Witnessing_a_Historic_Bottom_in_Gold.html

I got in at 13.94, I think the bottom is in. Looking for around 16 or so before the next correction.