hwill, With JPMorgan advising them, Vanguard Precious metals and...

hwill,

With JPMorgan advising them, Vanguard Precious metals and Mining Fund is a VERY capable and aggressive buyer.The fact that VPMM has purchased 5.5% [rather than 4.9%-say] means that they are likely to keep on buying until the share price rise discourages them or they reach 19.9%. Vanguard has paid prices ranging from $1.93 up to $2.86 per share, which indicates that their buying has been over a period rather than one opportunistic deal.

Vanguard is a well respected shareholder, and its presence will encourage other major shareholders which have not prviously been present. Conix