SP 500 and NDX Futures Daily Charts - Pullback Say What?

Stocks were pulling back to key support levels today.

Let's see what tomorrow brings.

 

NAV Premiums of Certain Precious Metal Trusts and Funds

The gold/silver ratio has fallen from its extremes down to something less lofty but still on the high side.

PSLV premium has turned solidly positive. Will wonders never cease?  Let's see if gold turns positive as well.  I suspect this will not happen until gold has broken through overhead resistance, and a short squeeze gets underway.

The Central Trusts still lag a bit. As you know I have speculated that this may be because they have no redemption process.   Other than this, the metals there have what is considered the 'right kind' of pedigree and are audited twice a year with an external auditor.

"Central Fund's Gold and Silver Bullion is stored in the highest security rated treasury vaults at a Canadian chartered bank on an unencumbered, allocated and segregated basis."

COMEX Registered Ounces Fall To New Low, Total Gold Steady

“The tyrant is a child of Pride
Who drinks his sickening cup
Of recklessness and vanity,
Until from his heights he headlong
Plummets into the dust of hope.”

Sophocles, Oedipus Rex

Weighed, and found wanting.

Stand and deliver.