04 April 2014

NAV Premiums of Certain Precious Metal Trusts and Funds

Gold is still outperforming silver by quite a bit with the ratio at 65 to 1.

I think that is either the sign of a developing bottom, with the high beta of silver not yet having kicked in with the return of positive sentiment, or possibly that this is more of a 'flight to safety' phenomenon.

A third possibility is that gold is starting to show the effects of a squeeze on physical supply. 

Sales of silver eagles are certainly robust.