25 March 2013

Net Asset Value Premiums of Certain Precious Metal Trusts and Funds

Interesting outperformance of the Sprott Gold Fund albeit with razor thin margins on the others, with Sprott Silver showing a little life.

The Gold/Silver ratio is back above 55 as you will notice.

I did take the opportunity to buy some volatility on the initial exuberance for the Cyprus deal.

I have not yet gone into the miners, and hold bullion for the long term only here.

I do not care for these markets as they are quite artificial and more like a meringue, with the consistency of sugary whipped egg whites, than a foundation for future recovery and prosperity.