Posted by Mat Cendana > 2012-12-24 16:10 | Report Abuse

SLV-C3, Ex. US$28.00, 13/6/2013, Ratio 100:1
SLV-C4, Ex. US$33.00, 26/11/13, Ratio 150:1 -- Both issued by OSK.

Silver is now at around $30.00. Went down to $28 or so last August. Then silver and gold both saw an upswing with the former reaching $33 if I'm not mistaken before the recent correction.

I believe both silver and gold will do well next year due to the debt problems in the US and Europe where the governments there will continue to print more money. This can't go on forever and more people (plus governments) will look to precious metals as a hedge against inflation. Silver has another added advantage - it's also used in some industries.

Buying physical silver or gold is `leceh' due to security problems. Then there's that matter of having one's capital stuck. I'm trying to benefit from my belief about precious metals and these call warrants look the cheapest way to do so. C3 has more volume but its premium is rather high - correct me if I'm wrong but my calculations of it came to more than 40%(?) C4's premium is 24%, which is more reasonable. The $33 ex price is definitely achievable.

Posted by Mat Cendana > 2013-01-29 07:04 | Report Abuse

SLV.P in the US went down another 0.36 and it's now US$ 29.85. Since it's below the psychological US$ 30 mark, the market maker will have to offer a better price to buyers at BSKL today. If it's 0.06, I'm in.