01 July 2010

Net Asset Value of Certain Precious Metal Funds and Trusts


Sprott Physical Asset Fund is standing in like a champ against a determined bear raid.

I suspect the bear are trying to shake out the specs, given that we are into the delivery periods in the metals at the Comex, and the numbers appear to be intimidating in potential physical offtake. No better time to hit an asset than in the thin holiday trade.