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.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013