01 April 2015

NAV Premiums of Certain Precious Metal Trusts and Funds - April Fool's?

Gold took off this morning, while silver is still lagging a bit and struggling with the 17 handle.

I would prefer that it was reacting to some specific news.  A pause in the Iran talks?   Grexit fears?  Something simply a little more 'technical' like the end of quarter past into a new active month?  
It has the appearance of a 'flight to safety' with the rally emphasis on the gold price.  The gold/silver ratio is 71 which is exceptionally high.

Trust and fund premiums are pessimistic, no doubt reflecting concerns about the staying power of this rally and the upcoming Non-Farm Payrolls report. And the bucket shop is still a den of vipers and thieves.

We had snow here last night, but today, Spring is in the air.
Resurrexit vere