Wednesday , 16 August 2017


New Junior Silver Miners/Explorers ETF Hanging Tough – Check It Out

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As with most small cap sectors, someone approaching silver juniors faces a lack of good information and massive company-specific risk that cries out for either months of in-depth research or immediate diversification….Madison NJ Pure Funds hopes to solve that problem by offering instant exposure to 26 names with the introduction of their PureFunds ISE Junior Silver Small Cap Miners Explorers ETF (SILJ). Words: 290; Table: 1

This article is presented compliments of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!) and may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

So writes John Rubino (www.dollarcollapse.com) in edited excerpts from his original article* entitled A Quick Way To Buy The Silver Juniors.

Rubino goes on to say in further edited excerpts:

The Junior Silver Miners ETF (SILJ) top ten holdings are a mix of familiar and unfamiliar names, almost all of which are closer to their 12-month lows than highs:

SILJ Top Holdings

One of the downsides of introducing an ETF in an out-of-favor sector is that it won’t have much initial trading volume [an average of 600/day over the past month on the 9 days it did trade] and, as such, SILJ is not an ETF to…buy “at the market,” since “the market” might be 30% higher than the next trade. Instead, choose a reasonable price and put in a good-until-cancelled bid — and then watch it to make sure nothing crazy happens in the meantime.

[Since its launch on November 29th, 2012 at $20.36 SILJ (CUSIP#: 30304R308)has fared quite well in the face of a volatile silver market down just 1.5%. By comparison, Sprott Physical Silver Trust (PHS.U) is down 7.2% and iShares Silver Trust ETF (SLV) is down 8.1%. Incidentally, in the gold dominated sector BMO Junior Gold Index ETF (ZJG) is down 12.8%, Market Vectors Junior Gold Miners ETF (GDXJ) is down 12.2% and  Global X Pure Gold Miners ETF (GGGG) is down 10.7%.]

Don’t expect results right away as trends have a habit of continuing, so the silver miners could easily have another crappy year. [That being said,]…at some point both silver and its derivatives (including mining shares) will start moving in the right direction….

Editor’s Note: The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.

* http://dollarcollapse.com/silver/a-quick-way-to-buy-the-junior-silver-miners/

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