“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead
20 September 2016
NAV Premiums of Certain Precious Metal Trusts and Funds
Silver is still a 'bit cheap' compared to gold, but not as much as it had been with a gold/silver ratio of 68.
Interestingly the Sprott Silver premium still lags Sprott Gold.
FOMC tomorrow. The metals are in kind of a 'lockdown.'