1) Despite Puplava's comment, CEF is not an ent, the only other alternate interpretation is purposeful deception. Take your pick.
2) Despite JP's comments both last week and this week, CEF is not diluted upon share issuance. Gold and silver ounces per share never fall with a share offering - only the premium falls, and gradually restores itself due to demand exceeding supply - much like coins, which ETF. A competent money manager would know the difference between a closed-end fund and an ETF. Since I hold open the possibility that JP is competare not "diluted" either.
3) In that segment with Morgan, Puplava suggests CEF may be subject to confiscation. Which is easier for the U.S. govt to confiscate - gold in Delaware or gold in Canada? Hmmm....
4) Why is JP offering physical gold sales and storage? Might it be to restore the management fees that were greatly reduced by the geometric losses incurred in the PM exploration sector?
5) And while we are on the subject, regarding Baires' Q call - it's pretty clear he won't be buying any more Tyhee in the near future. But will he be selling into rallies?
Strike
