“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot
05 May 2015
NAV Premiums of Certain Precious Metal Trusts and Funds
Gold / Silver ratio is historically high at 72.
And Sprott Silver has a bigger discount to NAV than Sprott Gold? You don't see something like that every day.