“Just as it was in the days of Noah, so will it be in the days of the Son of Man. People were eating, drinking, marrying and being given away in marriage, up to the very day Noah entered the ark. Then the flood came, and swept them all away.
And they said to him, 'Where will this happen, Lord?' And He said to them, 'Where death is, there a gathering of vultures will be.'”
Luke 17:26-27, 37
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.