I have added an estimate of the Sprott Physical Gold Fund.
The discounts on GLD and SLV are signalling some short selling going on as they are expanded above the mean.
The premiums on GTU and CEF indicate some optimism.
In addition, the miners are being hit today with profit taking and possible short selling.
Volatility ahead, and will most likely key off tomorrow's US Non-Farm Payrolls Report
I would not limit this quote below from Orwell to political thinking. I believe it motivates and explains most statements from analysts and economists, and of course, the vast majority of postings on the average internet chatboard. Truth is in short supply, and honest governance is an endangered species. We should all be wary of our own vulnerability to self-deception and the subtle temptations of the offered illusions of the unscrupulous.
In other words, grab something solid and hang on. lol.
"All political thinking for years past has been vitiated in the same way. People can foresee the future only when it coincides with their own wishes,
and the most grossly obvious facts can be ignored when they are unwelcome." George Orwell
