17 April 2013

Net Asset Value Premiums of Certain Precious Metal Trusts and Funds - Gold/Silver Ratio Is 59

Premiums are all negative, and the gold/silver ratio is around 59.

It is hard to draw conclusions in this type of volatile market action so let's file this one away for future reference.

The mining sector is really taking it on the chin today with metals slack and stocks sharply lower.

I have exited many of the miners over the past few days and trimmed back awaiting to see what comes next.  This is in the trading account only.