NAV Premiums of Certain Precious Metal Trusts and Funds

Just another Humprhey-Hawkins day.

Interesting comments from Ben.

• Q: Are You printing money?
• Bernanke: Not literally.

and

• Bernanke: If the Fed were to tighten policy, the economy "would tank."

I particularly enjoyed that first comment, in the light of all the economic sophists who keep insisting that 'the Fed is not printing money.'

With regard to the second, it is QE as far as I can see. And the hedge funds are wriggling on the precious metals hook.

The Gold/Silver ratio is back to 65.