ENB

Low frequency trading

[ENB @e_n_boyd]

@jedimarkus77 Their whole ETF offering is cheaper (MER) than their competition. So some "network effects". Not that MER is the most important/only metric. And investors own the funds unlike the publicly traded competitors. Been a tail wind for several years.

[ENB @e_n_boyd]

@ZeeManGolf @willhaskett agreed. even if the 3rd shot wedge into 15 green stayed dry and the lane found after the wayward drive on 18 still has my heart beating faster

[ENB @e_n_boyd]

@AuclairsDad yeah, they all look at the forums. just a;ways efficiently

[ENB @e_n_boyd]

@Dcpcooks https://t.co/0OW1Vxtam9

I only joined a syndicate for a square once in Toronto. Not that year…and did not get lucky the year we joined. Story is relatively consistent to what I heard from other traders.

[ENB @e_n_boyd]

@DarioCpx are market participants engaging in arbitrage? Yes. But it is the net of providing liquidity in SLV, trading a hedge, and unwinding all with the SLV Trust, or just in the market. Nothing like this and other X authorities are suggesting.

[ENB @e_n_boyd]

@DarioCpx Using am excerpt from what appears to be an ETH fund prospectus to suggest issues with the SLV ETF is sloppy at best.

Also, if an AP creates/redeems SLV, they exhange silver for ETF shares at the NAV determined by the LBMA auction price. Said another way...

[ENB @e_n_boyd]

@leveragedbets topics. I can assure the relevant policies are well thought out. There are risks but they have been mitigated as best possible.

Retail perception is real and matters. Those who posted charts showing iNAV versus market prices helped educate. The rest was just noise.

[ENB @e_n_boyd]

@leveragedbets Some of twitter can not find their ass with two hands a flashlight. Some of Twitter was irresponsible in making this alarmist instead of using the difference to educate.
NAV pricing, market making and creation/redemption policies for funds with closed time zones are nuanced...

[ENB @e_n_boyd]

@KrisAbdelmessih @andrewcourt1 Dude…just take solace in the fact that, at some level, these click cowboys may be, or contribute to, your competition. I hate that they are doing harm. Just another thing to move on from…quickly😉😎

[ENB @e_n_boyd]

@bauhiniacapital Yeah. I got sucked into replying / correcting and I am a lurker not a poster. There are a couple of guilty parties who should probably do something else for a living given they “ought to have known better”

[ENB @e_n_boyd]

@leveragedbets @biancoresearch And for that matter…the “fast” up move even over a larger time frame provides clues for the pullbacks

Cheers…

[ENB @e_n_boyd]

@leveragedbets @biancoresearch when the source of a 30% down move (leverage, physical issues, access issues, levered ETFs, negative gamma, others including not yet known) deserve more attention

Prem/disc that PERSIST rank higher.

I am NOT ranking the chart you posted as garbage..just not as high a signal

[ENB @e_n_boyd]

@leveragedbets the willingness to assume risk for a price. And this will never change for any asset, ever.

[ENB @e_n_boyd]

@leveragedbets saying if the underlying assets markets were open at a given time, this is where we think they will price.

Is that perfect? No. If you have other suggestions, post them or call Blackrock. 😄

The SLV NAV calculation is rational. The traded price outside of NAV is…

[ENB @e_n_boyd]

@biancoresearch @stockgutter @Chickendaddy5 Caveat: physical commodity ETFs have not yet experienced a breakdown / suspension in physical access. The ETF effectively could become a closed end fund. Read the prospectus…been awhile for me but that is my recollection.

[ENB @e_n_boyd]

@biancoresearch @stockgutter @Chickendaddy5 changed in the space. A former competitor and myself went back and forth on a simple definition of liquidity. He summed it up: Liquidity is the
willingness to assume risk for a price. And that is working normally all things considered in SLV, SI and related products.

[ENB @e_n_boyd]

@biancoresearch @stockgutter @Chickendaddy5 Too early to confirm. It is a relatively small asset class in changing times. Good recipe for major swings.

[ENB @e_n_boyd]

@biancoresearch @stockgutter @Chickendaddy5 I am not much a X poster. Hence the messy thread.

My bottom line from the thread /discussion @biancoresearch and others were having:
The prem/disc for SLV means nothing. Just a timing difference for NAV calc.

Are there issues in Silver? Yup. Is it broken…