Sprott completed its premium-busting unit offering and is now using the cash proceeds to procure bullion for the fund at an aggressive pace that suggests that it had made arrangements beforehand.
“Depart from me, you accursed. For I was hungry and you gave me no food, thirsty and you gave me no drink, a stranger and you did not welcome me, naked and you did not clothe me, sick and in prison and you did not comfort me.' They answer, 'Lord, when was it that we saw you hungry or thirsty or a stranger or naked or sick or in prison, and did not care for you?' He answered, 'Truly I tell you, as you did not do it to one of the least of these, you did not do it for me.’”
Matthew 25:40-46
Sprott completed its premium-busting unit offering and is now using the cash proceeds to procure bullion for the fund at an aggressive pace that suggests that it had made arrangements beforehand.
This market seems to be all technical play, lacking genuine investment interest as opposed to short term speculation.
If the 1070 level cannot hold into the open we will problem go down to retest that low around 1035.
Non-farm Payrolls report at the end of this week. Watch out for more games, wash and rinse. But a 'bad number' could be the spike in the rally hopes for those of the bullish persuasion. Since I do not view this market as 'real' and engaged in price discovery it is hard to operate in it with conviction.
"Judge of the Nations, spare us yet.
Lest we forget—lest we forget."
"The Revolution was effected before the War commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations ... This radical change in the principles, opinions, sentiments, and affections of the people was the real American Revolution." John Adams