I see last night that Spott is picking up some more gold in PHYS. It will be interesting to see how the market plays this one. The premium on CEF is so much lower than on the Sprott funds the only thing I can come up with is that people are afraid to short Sprott. Now that he is going out to the market to take more physical out of it, I wonder how the market will react. My initial thought is that usually right after an offering the stock tanks and the premium drops so it may soon be a good time to buy PHYS. (Closed last night with a 5.6% premium to net asset value)

But regardless it looks like there may soon be more gold buillon taken off the market.