Premiums remain thin and oriented towards access to physical metal in the Sprott funds.
We may get yet another 'gut check' if the specs pile on the bounce. That is how these bluffs run.
But I get the sense that the tide is turning, in many things and matters.
The physical side, the reality of this trade, is starting to assert its power in ways that are hard to resist or ignore. It may not seem like it because it happens gradually, but it is happening.
These naked short sellers are bully boys and charlatans. They don't have the goods. They don't have the stuff. They are in control only while you play their game in their way. They have been weighed and are found wanting. They have sown the wind, and will reap the whirlwind. They have sold what they do not own. And they are fearful at being called to account on it, as well they should be.
Stand and deliver.