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<p>[QUOTE=&quot;doug444, post: 1578314, member: 38849&quot;]Why I have no confidence in the PM ETFs.</p><p><br /></p><p>[May 6, 2011]</p><p><br /></p><p>&quot;...Our friends at Lighthouse Investment Management point out something&nbsp; rather amusing: yesterday, yet another day in which the SLV saw far more&nbsp; notional volume than the SPY, the ETF traded 87.5% of its total shares&nbsp; outstanding. In other words, virtually the entire holder base changed&nbsp; hands.&quot;&nbsp; [from an old <a href="http://www.zerohedge.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.zerohedge.com" rel="nofollow">www.zerohedge.com</a> blog][/QUOTE]</p><p><br /></p>

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