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- - ETF....going to happen? Read this ..... (http://goldismoney.info/forums/showthread.php?t=28644)

Bullionaire | 01-29-2006 09:30 PM
ETF....going to happen? Read this ..... Jan 2006 at 04:08 PM EST St. LOUIS (ResourceInvestor.com) -- After months of waiting, wondering and anticipating, Barclays proposed silver ETF, iShares Silver Trust, officially made some headway at the U.S. Securities and Exchange Commission (SEC) late last night � and silver bulls took notice. With no word since its submission in June, the SEC today advanced the silver ETF one step forward. March silver finished up 28.2 cents, or 3.1%, at $9.51 an ounce, but traded as high as $9.54 - a level not seen since mid-1987. Resource Investor contacted Christine Hudacko, advisor at Barclays Global Investors, for the scoop. �The SEC has made one decision on the product,� she said. According to Hudacko, the SEC informed Barclays last night that it had approved the AMEX listing of iShares Silver Trust and initiated the 21-day public comment period. However, Hudacko made it clear that this does not mean the silver ETF has been approved or indicate that the SEC has established any sort of timeline. �This is indicative of movement at the SEC, but we are not at a point where a launch date can be determined,� she said, reiterating that there is no time limit for this process. The next step, Hudacko said, will entail answering questions submitted by the SEC about the product. �The SEC will either have questions about the product or they will reach their conclusion,� she said. FOLKS, KEEP YOUR FINGERS CROSSED.....THIS GOES THRU, WE ARE LOOKING AT 12-15 PER OUNCE....SOON...I WILL HAVE TO DUST OFF SOME OF THAT $4.25 .999 STUFF , AND PONDER WHAT TO DO........GLTA

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