“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
17 April 2012
Net Asset Value Premiums of Certain Precious Metal Trusts and Funds
The premium in PSLV for silver remains historically low.
I thought the bear raid this morning was all about breaking the upward momentum in silver in order to keep gold under wraps at 1650.
More on that later in the gold and silver commentary.