I was concerned about Eric Sprott selling lots of his PSLV (A major position of mine). Ed Steer's comments this morning give some reassurance:

"Over the last couple of days I've had quite a number of readers ask me what was up with Eric Sprott selling a boat load of PSLV. When I first heard about this on Monday, I picked up the phone and asked him about it. He told me that a lot of the shares he sold were inside his charitable foundation...and he had to sell a bunch to meet some obligations there...and the rest of the units he sold were to buy shares in silver mining companies. He feels that they will outperform the metal itself on the next rally...and I agree."

Now do I have the courage to sell some PSLV and buy more AUM - I think not! Is SLW going to suffer because of Barrick and Pascu Lama? I think I will hold SLW, although I might be tempted to buy some more Silvercrest.