NAV Premiums of Certain Precious Metal Trusts and Funds

Gold and silver are being weighed upon by targeted selling in the market, particularly in the off hours. However the premiums in the trusts and funds are much more historically 'normal' than they have been.

The gold to silver ratio remains high at 66.

Glenn Greenwald Interview with Matt Lauer

"An old historian says about the Roman armies that marched through a country, burning and destroying every living thing, They make a solitude, and they call it peace. And so men do with their consciences. They stifle them, sear them, forcibly silence them, somehow or other; and then, when there is a dead stillness in the heart, broken by no voice of either approbation or blame, but doleful, like the unnatural quiet of a deserted city, then they say, It is peace; and then the man's uncontrolled passions and unbridled desires dwell solitary within the fortress of his own spirit."

Alexander Maclaren

A country that stifles dissent and disclosure, strangling knowledge under a blanket of falsehoods and secrecy, eventually kills its own conscience and reason, thereby making soulless monsters of itself and its people.   They can become capable of almost any act, moving first from excess and then to outrage, mindlessly offending against both God and nature. 

Without a pang of regret or twinge of conscience, they feel only the heat of their own passions, their lusts and fears, which are driven by the necessity of the emptiness that fuels their insatiable hunger to consume the lives of others.   And this is how the madness begins.

Sunday Night Gold Action

"The real cause, the effective one, that makes men lose power is that they have become unworthy to exercise it."

Alexis de Tocqueville

In case you were wondering why so many are giving up trading metals on the Comex...

(h/t Zerohedge for chart)

Related: Gold and Silver - Sharks With Laser Beams

Gold Daily and Silver Weekly Charts - Born to Run...

"This is turning into a battle of the titans, although on the surface it is harder to see the stresses building in the global markets."

Last night's gold and silver commentary at Le Café.

Nothing happened in the gold warehouses yesterday.

The suppression of the precious metals continues, and the prices are being held below 1300 for gold, and 20 for silver.  But physical bullion continues flowing, from West to East.

Cap, cap, cap.

Coiling, coiling, coiling.

What could go wrong?

In the end, nobody wins unless everybody wins.

Baby, we were born to run.

Have a pleasant weekend.