26 February 2013

Net Asset Value Premiums of Certain Precious Metal Trusts and Funds

Premium are back to a more 'normal' profile than they have been during the concerted selling by the funds, but are still modest by historical measures.

It was nice to see gold take out 1600 and silver 29.00. The rest of the week will tell the tale.

These round prices were around the 'max pain' figures for options expiration, so it is no surprise that this is where we ended up for expiration.