08 September 2014
NAV Premiums of Certain Precious Metal Trusts and Funds - Bottoming, Perhaps
The currency war continues.
My sense is that we *might* see a double bottom echo of the last double bottom. The impedance of seasonality factors and supply issues will continue to degrade the paper market price swing in this rinse cycle of the latest wash and rinse.
Am I calling bottom? I do suspect we are at or near that point. But the trend is the trend until it is not. I have learned to be keenly aware of the brazen stupidity of our pampered princes when frightened. And this is no 'natural' market. Few are these days.
CFTC warns DOJ of 'criminal rate-rigging' in the ISDAfix.