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
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.'