The price capping in the precious metals is particularly obvious, and may be associated with a key FOMC meeting announcement on Wednesday.
Given that there is a steady offtake of physical supply the antics do not matter so much to the longer term.
"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870
16 September 2013
NAV Premiums of Certain Precious Metal Trusts and Funds
The price capping in the precious metals is particularly obvious, and may be associated with a key FOMC meeting announcement on Wednesday.
Given that there is a steady offtake of physical supply the antics do not matter so much to the longer term.