“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
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.'