Every empire in its official discourse has said it is not like the others, that its circumstances are special, that it has a mission to enlighten, civilize, bring order and democracy, and that it uses force only as a last resort. And, sadder still, there always is a chorus of willing intellectuals to say calming words about benign or altruistic empires, as if one shouldn't one's eyes watching the destruction and the misery and death brought by the latest 'mission civilisatrice.' Edward W. Said
29 July 2014
NAV Premiums of Certain Precious Metal Trust and Funds
Premiums are subdued the day after a Comex option expiration, and ahead of the big economic news this week.
Sprott Silver shows some spark. Its cash level continues to decline suggesting a secondary offering at some point.