PSLV’S Secondary Offering – A Major, Major Blow to the Cartel

by Andrew Hoffman
Miles Franklin

I really planned to not write this week, whilst on my first true vacation in nearly three years. However, with the exception of Wednesday – when I awoke early for an excursion – I have written every day; including now, Thursday afternoon, with Sylvie watching TV (taking a brief break from swimming), and Diana out cold in the hammock. The reason being, that “Admiral Sprott” (yes, it was I that coined that term four years ago) finally pulled the trigger on a secondary offering of the Sprott Physical Silver Trust (ticker PSLV) this afternoon, directly after the NYSE close.

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