01 May 2013

NAV Premiums of Certain Precious Metal Trusts and Funds

Thin and a surprisingly negative cast to the Central funds. O Canada!

Barrons notes that Slumping ETFs and Futures a Stark Contrast to Coin Sales.

Wall Street can create and manipulate paper shares, but they do not have the power to mint coins.

And when they looked there, the cupboard was bare.

Recall that this is an FOMC day, and so a hit on the metals has some tradition. Especially when the Fed is boxed into a corner.

And some of the key overseas trading areas are closed today, so the mice will play.

Let's see what happens with the Fed. We'll know this afternoon, a little while after the insiders are informed.